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REGISTERED NUMBER: 06823313 (England and Wales)















Financial Statements for the Year Ended 30 September 2023

for

Pure Broadband Ltd

Pure Broadband Ltd (Registered number: 06823313)

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 Broadband Ltd

Company Information
for the year ended 30 September 2023







DIRECTORS: Dr F Alamgir
K Y Yeung





SECRETARY: OHS Secretaries Limited





REGISTERED OFFICE: 9th Floor 107 Cheapside
London
United Kingdom
EC2V 6DN





REGISTERED NUMBER: 06823313 (England and Wales)





AUDITOR: RSM UK Audit LLP, Statutory Auditor
Chartered Accountants
Two Humber Quays
Wellington Street
Hull
HU1 2BN

Pure Broadband Ltd (Registered number: 06823313)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 2,251
Tangible assets 5 173,539 215,359
Investments 6 - 4,001
173,540 221,611

CURRENT ASSETS
Stocks - 2,513
Debtors 7 293,162 285,889
Cash at bank 803,269 166,383
1,096,431 454,785
CREDITORS
Amounts falling due within one year 8 516,570 527,444
NET CURRENT ASSETS/(LIABILITIES) 579,861 (72,659 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

753,401

148,952

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 4,900 4,900
Retained earnings 747,501 143,052
753,401 148,952

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





Dr F Alamgir - Director


Pure Broadband Ltd (Registered number: 06823313)

Notes to the Financial Statements
for the year ended 30 September 2023


1. STATUTORY INFORMATION

Pure Broadband 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.

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.

The Directors have continued to adopt the going concern basis of preparation in these financial statements.

The Directors have prepared forecasts which demonstrate that the Company has sufficient cash reserves to enable it to settle its liabilities as they fall due for a period of at least 12 months from the date of signing these financial statements. The company's business model allows the Directors to operate in a dynamic fashion where, due to the ability of the Directors to quickly scale down the operating costs of the business if required, new lines of business can be explored without risking longer term viability of the business.

On this basis the Directors have adopted the going concern basis of preparation.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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


Pure Broadband Ltd (Registered number: 06823313)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 27,000 81,405 108,405
AMORTISATION
At 1 October 2022 24,750 81,404 106,154
Charge for year 2,250 - 2,250
At 30 September 2023 27,000 81,404 108,404
NET BOOK VALUE
At 30 September 2023 - 1 1
At 30 September 2022 2,250 1 2,251

Pure Broadband Ltd (Registered number: 06823313)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 68,065 738,394 806,459
DEPRECIATION
At 1 October 2022 - 591,100 591,100
Charge for year - 41,820 41,820
At 30 September 2023 - 632,920 632,920
NET BOOK VALUE
At 30 September 2023 68,065 105,474 173,539
At 30 September 2022 68,065 147,294 215,359

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 October 2022 1 4,000 4,001
Disposals (1 ) (4,000 ) (4,001 )
At 30 September 2023 - - -
NET BOOK VALUE
At 30 September 2023 - - -
At 30 September 2022 1 4,000 4,001

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 162,392 222,499
Other debtors 130,770 63,390
293,162 285,889

Pure Broadband Ltd (Registered number: 06823313)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Finance leases - 3,648
Trade creditors 468,698 426,948
Taxation and social security 38,773 68,117
Other creditors 9,099 28,731
516,570 527,444

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditor's Report was unqualified.

Peter Adams FCA (Senior Statutory Auditor)
for and on behalf of RSM UK Audit LLP, Statutory Auditor

10. ULTIMATE CONTROLLING PARTY

The controlling party is Connexin Networks Limited.

The ultimate controlling party is Connexin Limited.

The smallest group in which the company's results are consolidated is that of Connexin Limited. Connexin Limited financial statements are available from its registered office, 9th Floor 107 Cheapside, London, United Kingdom, EC2V 6DN.