1 January 2023 false No description of principal activity Taxfiler 2024.5 SC615410business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC6154102022-12-31 SC6154102023-01-012023-12-31 SC615410business:AuditExemptWithAccountantsReport2023-01-012023-12-31 SC615410business:FilletedAccounts2023-01-012023-12-31 SC6154102023-12-31 SC615410business:Director22023-01-012023-12-31 SC615410business:Director32023-01-012023-12-31 SC615410business:Director52023-01-012023-12-31 SC615410business:RegisteredOffice2023-01-012023-12-31 SC6154102022-12-31 SC615410core:WithinOneYear2023-12-31 SC615410core:WithinOneYear2022-12-31 SC615410core:AfterOneYear2023-12-31 SC615410core:AfterOneYear2022-12-31 SC615410core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC615410core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC615410core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 SC615410core:SharePremiumcore:PreviouslyStatedAmount2022-12-31 SC615410core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC615410core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC615410core:PreviouslyStatedAmount2023-12-31 SC615410core:PreviouslyStatedAmount2022-12-31 SC615410business:SmallEntities2023-01-012023-12-31 SC615410countries:Scotland2023-01-012023-12-31 SC615410core:PlantMachinery2023-01-012023-12-31 SC615410core:FurnitureFittings2023-01-012023-12-31 SC615410core:ComputerEquipment2023-01-012023-12-31 SC615410core:IntangibleAssetsOtherThanGoodwill2022-12-31 SC615410core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31 SC615410core:IntangibleAssetsOtherThanGoodwill2023-12-31 SC615410core:PlantMachinery2022-12-31 SC615410core:FurnitureFittings2022-12-31 SC615410core:ComputerEquipment2022-12-31 SC615410core:PlantMachinery2023-12-31 SC615410core:FurnitureFittings2023-12-31 SC615410core:ComputerEquipment2023-12-31 SC615410core:BetweenOneFiveYears2023-12-31 SC615410core:BetweenOneFiveYears2022-12-31 SC6154102022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC615410 (Scotland)
Pure Sport Oil Limited Unaudited accounts for the year ended 31 December 2023
Pure Sport Oil Limited Unaudited accounts Contents
Page
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Pure Sport Oil Limited Company Information for the year ended 31 December 2023
Directors
D Temm B MacCulloch A Stewart
Company Number
SC615410 (Scotland)
Registered Office
Douglas House 42 Main Street Milngavie Glasgow G62 6BU
Accountants
Assenti & Noble Ltd 18 Mosshead Road Bearsden Glasgow G61 3HN
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Pure Sport Oil Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,783 
9,524 
Tangible assets
25,264 
30,546 
31,047 
40,070 
Current assets
Inventories
320,386 
107,072 
Debtors
522,263 
220,573 
Cash at bank and in hand
445,895 
414,093 
1,288,544 
741,738 
Creditors: amounts falling due within one year
(1,040,180)
(384,264)
Net current assets
248,364 
357,474 
Total assets less current liabilities
279,411 
397,544 
Creditors: amounts falling due after more than one year
(16,066)
(19,117)
Net assets
263,345 
378,427 
Capital and reserves
Called up share capital
13,703 
13,359 
Share premium
2,086,960 
1,799,148 
Profit and loss account
(1,837,318)
(1,434,080)
Shareholders' funds
263,345 
378,427 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by
D Temm Director Company Registration No. SC615410
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Pure Sport Oil Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Pure Sport Oil Limited is a private company, limited by shares, registered in Scotland, registration number SC615410. The registered office is Douglas House, 42 Main Street, Milngavie, Glasgow, G62 6BU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Inventories
Stocks have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Intangible fixed assets
Purchased domain names are included at cost less accumulated amortisation and impairment. Amortisation has been provided at a rate of 4% straight line.
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Pure Sport Oil Limited Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
9,556 
Additions
5,843 
Revaluations
(9,556)
At 31 December 2023
5,843 
Amortisation
At 1 January 2023
32 
Charge for the year
28 
At 31 December 2023
60 
Net book value
At 31 December 2023
5,783 
At 31 December 2022
9,524 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
7,449 
27,766 
6,816 
42,031 
Additions
- 
3,072 
1,581 
4,653 
At 31 December 2023
7,449 
30,838 
8,397 
46,684 
Depreciation
At 1 January 2023
4,043 
5,221 
2,221 
11,485 
Charge for the year
2,355 
5,951 
1,629 
9,935 
At 31 December 2023
6,398 
11,172 
3,850 
21,420 
Net book value
At 31 December 2023
1,051 
19,666 
4,547 
25,264 
At 31 December 2022
3,406 
22,545 
4,595 
30,546 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
151,187 
29,256 
Accrued income and prepayments
261,132 
191,317 
Other debtors
109,944 
- 
522,263 
220,573 
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Pure Sport Oil Limited Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,600 
33,720 
VAT
43,050 
3,252 
Trade creditors
749,295 
254,504 
Taxes and social security
39,423 
27,921 
Other creditors
21,523 
33,537 
Loans from directors
- 
735 
Accruals
183,289 
28,570 
Deferred income
- 
2,025 
1,040,180 
384,264 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,066 
19,117 
9
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
103,334 
103,334 
Later than one year and not later than five years
109,398 
212,732 
212,732 
316,066 
10
Average number of employees
During the year the average number of employees was 10 (2022: 9).
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