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REGISTERED NUMBER: 10405413 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

PURE BUSINESS LAW LIMITED

PURE BUSINESS LAW LIMITED (REGISTERED NUMBER: 10405413)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PURE BUSINESS LAW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: E B C Jarrett
S L J N Uzoka-Jarrett





REGISTERED OFFICE: 32 St. Johns Street
Bedford
Bedfordshire
MK42 0DH





REGISTERED NUMBER: 10405413 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

PURE BUSINESS LAW LIMITED (REGISTERED NUMBER: 10405413)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,423 10,239
Investments 6 300 300
7,723 10,539

CURRENT ASSETS
Work in progress 45,932 58,859
Debtors 7 43,189 23,588
Cash at bank 33,950 20,846
123,071 103,293
CREDITORS
Amounts falling due within one year 8 54,204 115,835
NET CURRENT ASSETS/(LIABILITIES) 68,867 (12,542 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,590

(2,003

)

CREDITORS
Amounts falling due after more than one year 9 91,007 15,629
NET LIABILITIES (14,417 ) (17,632 )

CAPITAL AND RESERVES
Called up share capital 10 20 20
Retained earnings (14,437 ) (17,652 )
SHAREHOLDERS' FUNDS (14,417 ) (17,632 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





E B C Jarrett - Director


PURE BUSINESS LAW LIMITED (REGISTERED NUMBER: 10405413)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Pure Business Law Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company supports its day to day working capital requirements by way of a series of loans including a bank loan and a loan from a director. The directors are optimistic over the company's future prospects and have confirmed that the related party loan will not be called for until such time as the company has sufficient working capital funds. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax. Revenue represents the fair value of the consideration received or receivable in respect of professional services provided during the year inclusive of direct expenses incurred on client assignments but excluding value added tax. Where the outcome of a transaction can be estimated reliably revenue associated with the transaction is recognised in the income statement by reference to the stage of completion at the year end date, provided that a right to consideration has been obtained through performance. Consideration accrues as contract activity progresses by reference to the value of work performed. Hence revenue in respect of service contracts represents the cost appropriate to the stage of completion of each contract plus attributable profits, less amounts recognised in previous years where relevant. Where the outcome of a transaction cannot be estimated reliably, revenue is recognised only to the extent that the costs of providing the service are recoverable. No revenue is recognised where there are significant uncertainties regarding recovery of the consideration due or where the right to receive payment is contingent on events outside the control of the company. Provision is made for any losses as soon as they are foreseen.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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.

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.

PURE BUSINESS LAW LIMITED (REGISTERED NUMBER: 10405413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. ACCOUNTING POLICIES - continued

Business bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% per annum.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 November 2022
and 31 October 2023 2,826 16,260 19,086
Depreciation
At 1 November 2022 890 7,957 8,847
Charge for year 566 2,250 2,816
At 31 October 2023 1,456 10,207 11,663
Net book value
At 31 October 2023 1,370 6,053 7,423
At 31 October 2022 1,936 8,303 10,239

6. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
Cost
At 1 November 2022
and 31 October 2023 300
Net book value
At 31 October 2023 300
At 31 October 2022 300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30,750 19,588
Amounts owed by associates 6,085 -
Other debtors 2,500 4,000
Social security and other tax 3,854 -
43,189 23,588

PURE BUSINESS LAW LIMITED (REGISTERED NUMBER: 10405413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,766 2,766
Other loans 23,801 -
Tax - 273
Social security and other taxes - 757
VAT 13,575 17,061
Pensions payable 371 422
Directors' loan accounts 12,043 92,908
Accruals and deferred income 1,648 1,648
54,204 115,835

The bank loan is 100% guaranteed by the government in line with the Covid scheme rules, being charged at 0% interest in year one and 2.5% per annum thereafter.

The 'Other loans' are personally guaranteed by the Director with interest being charged at 7.5% and 8% per annum respectively.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 12,863 -
Other loans - 1-2 years 28,144 15,629
Directors' loan accounts 50,000 -
91,007 15,629

The bank loan is 100% guaranteed by the government in line with the Covid scheme rules, being charged at 0% interest in year one and 2.5% per annum thereafter.

The 'Other loans' are personally guaranteed by the Director with interest being charged at 7.5% and 8% per annum respectively.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary £5 20 20

11. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £62,043 (2022: £92,908) due to E B Jarrett. No interest has been charged on this balance during the year (2022: £Nil) and there are no set repayment terms.

Included within debtors is an amount of £2,500 (2022: £2,500) due to Pure Business Solutions Group (UK) Limited, a company under common control. No interest was charged on this balance during the year (2022: £Nil) and there are no set repayment terms.

Included within debtors is an amount of £6,085 (2022: £1,500) due to Legal Excel Limited, a company under common control. No interest was charged on this balance during the year (2022: £Nil) and there are no set repayment terms. During the year, rent of £1,500 (2022: £1,500) was recharged to Legal Excel Limited for use of office premises.