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REGISTERED NUMBER: 12193331 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

PURE WHITE LINES LTD

PURE WHITE LINES LTD (REGISTERED NUMBER: 12193331)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PURE WHITE LINES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: M D T Goss
Ms J Owen





REGISTERED OFFICE: First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY





REGISTERED NUMBER: 12193331 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

PURE WHITE LINES LTD (REGISTERED NUMBER: 12193331)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,965 33,335

CURRENT ASSETS
Stocks 490,000 320,000
Debtors 5 172,139 113,662
Cash at bank 17,662 1,109
679,801 434,771
CREDITORS
Amounts falling due within one year 6 299,463 349,685
NET CURRENT ASSETS 380,338 85,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

462,303

118,421

CREDITORS
Amounts falling due after more than one
year

7

(395,086

)

(40,833

)

PROVISIONS FOR LIABILITIES (15,573 ) (8,334 )
NET ASSETS 51,644 69,254

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 51,544 69,154
51,644 69,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:



M D T Goss - Director


PURE WHITE LINES LTD (REGISTERED NUMBER: 12193331)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Pure White Lines Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PURE WHITE LINES LTD (REGISTERED NUMBER: 12193331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 3,700 18,360 37,914 31,952 91,926
Additions 2,938 23,920 44,205 7,213 78,276
At 30 September 2023 6,638 42,280 82,119 39,165 170,202
DEPRECIATION
At 1 October 2022 1,797 7,695 30,953 18,146 58,591
Charge for year 1,210 8,646 12,791 6,999 29,646
At 30 September 2023 3,007 16,341 43,744 25,145 88,237
NET BOOK VALUE
At 30 September 2023 3,631 25,939 38,375 14,020 81,965
At 30 September 2022 1,903 10,665 6,961 13,806 33,335

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022 21,414
Additions 44,205
Transfer to ownership (21,414 )
At 30 September 2023 44,205
DEPRECIATION
At 1 October 2022 21,414
Charge for year 11,051
Transfer to ownership (21,414 )
At 30 September 2023 11,051
NET BOOK VALUE
At 30 September 2023 33,154
At 30 September 2022 -

PURE WHITE LINES LTD (REGISTERED NUMBER: 12193331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 27,003 32,258
PWL Europe 1,000 -
Rent deposit 45,000 10,000
Tax 7,633 -
Prepayments 91,503 71,404
172,139 113,662

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 5,000 22,648
Other loans 26,000 9,862
Hire purchase contracts (see note 8) 11,261 -
Payments on account 14,000 -
Trade creditors 75,830 26,757
Tax - 14,294
Social security and other taxes 8,206 9,403
Pension control 851 607
VAT 99,691 91,776
Directors' current accounts 54,124 170,798
Accrued expenses 4,500 3,540
299,463 349,685

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 15,000 15,000
Bank loans more 5 yr by instal 15,833 20,833
Other loans - 1-2 years 21,273 -
Other loans - 2-5 years 297,820 -
Hire purchase contracts (see note 8) 40,160 -
395,086 40,833

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,833 20,833

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.23 30.9.22
£    £   
Net obligations repayable:
Within one year 11,261 -
Between one and five years 40,160 -
51,421 -

PURE WHITE LINES LTD (REGISTERED NUMBER: 12193331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
30.9.23 30.9.22
£    £   
Within one year 155,000 40,000
Between one and five years 870,000 -
In more than five years 180,000 -
1,205,000 40,000