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REGISTERED NUMBER: 07513892 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Pure Acoustic Limited

Pure Acoustic Limited (Registered number: 07513892)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Pure Acoustic Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr R H Thomas
Mr R J Gleave





REGISTERED OFFICE: Suite 1
Amersham House
Mill Street
Berkhamsted
Hertfordshire
HP4 2DT





REGISTERED NUMBER: 07513892 (England and Wales)





ACCOUNTANTS: DUX Advisory Limited
Chartered Accountants
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB

Pure Acoustic Limited (Registered number: 07513892)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,385 27,780
Property, plant and equipment 5 - -
36,385 27,780

CURRENT ASSETS
Inventories 11,583 11,435
Debtors 6 1,165 243
Cash at bank 654 7
13,402 11,685
CREDITORS
Amounts falling due within one year 7 199,803 181,759
NET CURRENT LIABILITIES (186,401 ) (170,074 )
TOTAL ASSETS LESS CURRENT LIABILITIES (150,016 ) (142,294 )

CAPITAL AND RESERVES
Called up share capital 29,800 29,800
Retained earnings (179,816 ) (172,094 )
SHAREHOLDERS' FUNDS (150,016 ) (142,294 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Pure Acoustic Limited (Registered number: 07513892)

Balance Sheet - continued
31 December 2023


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 17 September 2024 and were signed on its behalf by:




Mr R H Thomas - Director



Mr R J Gleave - Director


Pure Acoustic Limited (Registered number: 07513892)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Pure Acoustic 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.

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.

Going concern
In preparing the accounts and reviewing the company's net current liability position of £150,016 (2022: £142,294) the directors have considered going concern and that the company will continue to trade for the foreseeable future.

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

Intangible fixed assets
Patents and licences are being amortised over an estimated useful life of 10 years

Tangible fixed assets
Tangible fixed assets are initially recognised at cost and subsequently measured at cost less accumulated depreciation and impairment. Where parts of an item of tangible fixed assets have different useful lives, they are accounted for as a separate item of tangible fixed assets.

Depreciation is provided at the following annual rates in order to write off each asset over its useful
estimated life, on a reducing balance basis or, if held under a finance lease, over the lease term, whichever is shorter.

Plant and machinery etc - 33% on cost and 33% on reducing balance

Stocks
Inventories 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 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.


Pure Acoustic Limited (Registered number: 07513892)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 119,886
Additions 15,020
At 31 December 2023 134,906
AMORTISATION
At 1 January 2023 92,106
Charge for year 6,415
At 31 December 2023 98,521
NET BOOK VALUE
At 31 December 2023 36,385
At 31 December 2022 27,780

Included in Intangible Fixed assets is investment at cost in three separate technologies comprising patent and related expenditure

Pure Acoustic Limited (Registered number: 07513892)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 26,638
DEPRECIATION
At 1 January 2023
and 31 December 2023 26,638
NET BOOK VALUE
At 31 December 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 64 -
Other debtors 1,101 243
1,165 243

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 5,273 1,622
Other creditors 194,530 180,137
199,803 181,759

8. RELATED PARTY DISCLOSURES

The Directors have resolved not to seek repayment of their interest free loans, included in Other Creditors, in preference to any other creditor.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pure Acoustic Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pure Acoustic Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pure Acoustic Limited, as a body, in accordance with the terms of our engagement letter dated 5 March 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Pure Acoustic Limited and state those matters that we have agreed to state to the Board of Directors of Pure Acoustic Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pure Acoustic Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pure Acoustic Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pure Acoustic Limited. You consider that Pure Acoustic Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pure Acoustic Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






DUX Advisory Limited
Chartered Accountants
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB


17 September 2024