Pure Irish Ltd NI692384 false 2022-11-07 2024-03-31 2024-03-31 The principal activity of the company is wholesale of alcohol products. Digita Accounts Production Advanced 6.30.9574.0 true true NI692384 2022-11-07 2024-03-31 NI692384 2024-03-31 NI692384 bus:OrdinaryShareClass2 2024-03-31 NI692384 core:RetainedEarningsAccumulatedLosses 2024-03-31 NI692384 core:ShareCapital 2024-03-31 NI692384 core:CurrentFinancialInstruments 2024-03-31 NI692384 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 NI692384 core:FurnitureFittingsToolsEquipment 2024-03-31 NI692384 bus:SmallEntities 2022-11-07 2024-03-31 NI692384 bus:AuditExemptWithAccountantsReport 2022-11-07 2024-03-31 NI692384 bus:FullAccounts 2022-11-07 2024-03-31 NI692384 bus:SmallCompaniesRegimeForAccounts 2022-11-07 2024-03-31 NI692384 bus:RegisteredOffice 2022-11-07 2024-03-31 NI692384 bus:Director1 2022-11-07 2024-03-31 NI692384 bus:Director2 2022-11-07 2024-03-31 NI692384 bus:Director3 2022-11-07 2024-03-31 NI692384 bus:OrdinaryShareClass2 2022-11-07 2024-03-31 NI692384 bus:PrivateLimitedCompanyLtd 2022-11-07 2024-03-31 NI692384 core:FurnitureFittings 2022-11-07 2024-03-31 NI692384 core:FurnitureFittingsToolsEquipment 2022-11-07 2024-03-31 NI692384 countries:AllCountries 2022-11-07 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI692384

Pure Irish Ltd

Annual Report and Unaudited Financial Statements

for the Period from 7 November 2022 to 31 March 2024

 

Pure Irish Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Pure Irish Ltd

Company Information

Directors

Cameron Stewart

Peter Darragh

Jonathan Corrie

Registered office

16 Byron Halt
Hollywood
Northern Ireland
BT18 9JT

Accountants

McKeague Morgan & Company
27 College Gardens
Belfast
BT9 6BS

 

Pure Irish Ltd

(Registration number: NI692384)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

8,660

Current assets

 

Debtors

5

824

Cash at bank and in hand

 

241

 

1,065

Creditors: Amounts falling due within one year

6

(45,146)

Net current liabilities

 

(44,081)

Net liabilities

 

(35,421)

Capital and reserves

 

Called up share capital

2

Profit and loss account

(35,423)

Total equity

 

(35,421)

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 November 2024 and signed on its behalf by:
 

.........................................

Jonathan Corrie
Director

 

Pure Irish Ltd

Notes to the Unaudited Financial Statements for the Period from 7 November 2022 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
16 Byron Halt
Hollywood
Northern Ireland
BT18 9JT
United Kingdom

These financial statements were authorised for issue by the Board on 7 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Pure Irish Ltd

Notes to the Unaudited Financial Statements for the Period from 7 November 2022 to 31 March 2024

2

Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Pure Irish Ltd

Notes to the Unaudited Financial Statements for the Period from 7 November 2022 to 31 March 2024

2

Accounting policies (continued)

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

8,660

8,660

At 31 March 2024

8,660

8,660

Depreciation

Carrying amount

At 31 March 2024

8,660

8,660

 

Pure Irish Ltd

Notes to the Unaudited Financial Statements for the Period from 7 November 2022 to 31 March 2024

5

Debtors

2024
£

Trade debtors

-

Other debtors

824

824

6

Creditors

Note

2024
£

Due within one year

 

Trade creditors

 

4,792

Loans from directors

 

37,354

Accruals and deferred income

 

3,000

 

45,146

7

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary shares of £1 each

2

2