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REGISTERED NUMBER: 12166264 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE PURE EDIT LIMITED

THE PURE EDIT LIMITED (REGISTERED NUMBER: 12166264)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


THE PURE EDIT LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: L Clarke
S Forder





REGISTERED OFFICE: The Church
Mobberley Road
Morley Green
Wilmslow
SK9 5NT





REGISTERED NUMBER: 12166264 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

THE PURE EDIT LIMITED (REGISTERED NUMBER: 12166264)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,865 17,949

CURRENT ASSETS
Stocks 425,692 451,464
Debtors 5 14,544 27,258
Cash at bank and in hand 33,833 12,127
474,069 490,849
CREDITORS
Amounts falling due within one year 6 1,562,329 1,454,902
NET CURRENT LIABILITIES (1,088,260 ) (964,053 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,073,395

)

(946,104

)

CAPITAL AND RESERVES
Called up share capital 760,100 540,100
Retained earnings (1,833,495 ) (1,486,204 )
SHAREHOLDERS' FUNDS (1,073,395 ) (946,104 )

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.

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 20 September 2024 and were signed on its behalf by:





L Clarke - Director


THE PURE EDIT LIMITED (REGISTERED NUMBER: 12166264)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

The Pure Edit 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.

The company is dependent on the continuing support, both financial and management, of it's director and shareholders, who have confirmed their intention to do so for the coming 12 months.

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

Turnover represents the net invoice value of goods and services provided.

Turnover

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures, fittings and equipment-25% reducing balance
Computer equipment-25% reducing balance

Tangible fixed assets are stated at cost less depreciation and impairment.

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

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

Financial instruments
Trade and other debtors are initially recognised at the transaction price and thereafter stated at the amortised cost using effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Short term trade creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.


THE PURE EDIT LIMITED (REGISTERED NUMBER: 12166264)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 2 (2022 - 2 ) .

THE PURE EDIT LIMITED (REGISTERED NUMBER: 12166264)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 793 366 37,651 38,810
Additions - 1,553 - 1,553
At 31 December 2023 793 1,919 37,651 40,363
DEPRECIATION
At 1 January 2023 297 116 20,448 20,861
Charge for year 124 212 4,301 4,637
At 31 December 2023 421 328 24,749 25,498
NET BOOK VALUE
At 31 December 2023 372 1,591 12,902 14,865
At 31 December 2022 496 250 17,203 17,949

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 4,396 4
Other debtors 10,148 27,254
14,544 27,258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors 83,117 15,547
Amounts owed to related undertakings 16,453 27,321
Taxation and social security 22,617 7,068
Other creditors 1,440,142 1,404,966
1,562,329 1,454,902

7. RELATED PARTY DISCLOSURES

Included in Other creditors is £1,364,500 (2022: £1,335,420) due to a director.