1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 36,997 28,950 2,012 30,962 6,035 8,047 1 1 1 xbrli:pure xbrli:shares iso4217:GBP 08831119 2023-02-01 2024-01-31 08831119 2024-01-31 08831119 2023-01-31 08831119 2022-02-01 2023-01-31 08831119 2023-01-31 08831119 2022-01-31 08831119 core:PlantMachinery 2023-02-01 2024-01-31 08831119 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 08831119 bus:Director1 2023-02-01 2024-01-31 08831119 core:WithinOneYear 2024-01-31 08831119 core:WithinOneYear 2023-01-31 08831119 core:PlantMachinery 2023-01-31 08831119 core:PlantMachinery 2024-01-31 08831119 core:ShareCapital 2024-01-31 08831119 core:ShareCapital 2023-01-31 08831119 core:RetainedEarningsAccumulatedLosses 2024-01-31 08831119 core:RetainedEarningsAccumulatedLosses 2023-01-31 08831119 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 08831119 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-01-31 08831119 core:Non-currentFinancialInstruments 2023-01-31 08831119 core:PlantMachinery 2023-01-31 08831119 bus:SmallEntities 2023-02-01 2024-01-31 08831119 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 08831119 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08831119 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08831119 bus:FullAccounts 2023-02-01 2024-01-31 08831119 bus:OrdinaryShareClass1 2024-01-31 08831119 bus:OrdinaryShareClass1 2023-01-31
COMPANY REGISTRATION NUMBER: 08831119
Pure Excellence Ltd
Filleted Unaudited Financial Statements
31 January 2024
Pure Excellence Ltd
Financial Statements
Year ended 31 January 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Pure Excellence Ltd
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
6,035
8,047
Investments
6
1
-------
-------
6,035
8,048
Current assets
Debtors
7
22,801
45,380
Cash at bank and in hand
79,979
85,425
---------
---------
102,780
130,805
Creditors: amounts falling due within one year
8
27,080
22,073
---------
---------
Net current assets
75,700
108,732
--------
---------
Total assets less current liabilities
81,735
116,780
Provisions
Taxation including deferred tax
1,509
1,529
--------
---------
Net assets
80,226
115,251
--------
---------
Capital and reserves
Called up share capital
9
2
1
Profit and loss account
80,224
115,250
--------
---------
Shareholders funds
80,226
115,251
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Pure Excellence Ltd
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 19 August 2024 , and are signed on behalf of the board by:
Dr P Hejazifar
Director
Company registration number: 08831119
Pure Excellence Ltd
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Tudor Rose Close, Stanway, Colchester, CO3 0SD, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
£
Cost
At 1 February 2023 and 31 January 2024
36,997
--------
Depreciation
At 1 February 2023
28,950
Charge for the year
2,012
--------
At 31 January 2024
30,962
--------
Carrying amount
At 31 January 2024
6,035
--------
At 31 January 2023
8,047
--------
6. Investments
Shares in participating interests
£
Cost
At 1 February 2023
1
Disposals
( 1)
----
At 31 January 2024
----
Impairment
At 1 February 2023 and 31 January 2024
----
Carrying amount
At 31 January 2024
----
At 31 January 2023
1
----
The company had investments in the following participating interests, which was incorporated in England and Wales:
Bury House Dental Practice Ltd - 33.33% of the ordinary share capital
The company has now dissolved.
7. Debtors
2024
2023
£
£
Director's loan account
22,801
45,380
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,512
2,832
Corporation tax
24,612
19,241
Social security and other taxes
956
--------
--------
27,080
22,073
--------
--------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
1
1
----
----
----
----
10. Director's advances, credits and guarantees
At the year end the company was owed £22,801 (2023 - £45,380) by Dr P Hejazifar , by way of a directors loan account shown within debtors. Interest of £759 (2023 - £nil) was charged on this loan. The maximum amount outstanding during the year was £59,521.