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REGISTERED NUMBER: 09627412 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Purfaction Ltd

Purfaction Ltd (Registered number: 09627412)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Certified Accountant's Report 5

Purfaction Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Miss S M J Knight
R W G Knight
Miss L C Knight
C P Knight





REGISTERED OFFICE: 1 Park Crescent
Helston
Cornwall
TR13 8SE





REGISTERED NUMBER: 09627412 (England and Wales)





ACCOUNTANT: Martin Laity Accounting & Tax Practitioner
Kelyn
Old Hill
Helston
Cornwall
TR13 8HT

Purfaction Ltd (Registered number: 09627412)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 9

CURRENT ASSETS
Cash at bank and in hand 21,374 5,454

CREDITORS
Amounts falling due within one year 5 9,781 3,945
NET CURRENT ASSETS 11,593 1,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,593

1,518

PROVISIONS FOR LIABILITIES - 2
NET ASSETS 11,593 1,516

CAPITAL AND RESERVES
Called up share capital 145 145
Retained earnings 11,448 1,371
SHAREHOLDERS' FUNDS 11,593 1,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 15 January 2025 and were signed on its behalf by:



C P Knight - Director


Purfaction Ltd (Registered number: 09627412)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Purfaction Ltd 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. 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.

Turnover
Turnover represents the net invoiced value of services. The company is currently not registered for Value Added Tax (VAT).

Revenue is recongnised at the fair value of consideration for services rendered. Revenue is invoiced upon completion of work done or when there is a right to consideration.

The company is not engaged in any long term contractual arrangements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Purfaction Ltd (Registered number: 09627412)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 85 2,253 2,338
DEPRECIATION
At 1 October 2023 85 2,244 2,329
Charge for year - 9 9
At 30 September 2024 85 2,253 2,338
NET BOOK VALUE
At 30 September 2024 - - -
At 30 September 2023 - 9 9

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,757 708
Other creditors 7,024 3,237
9,781 3,945

Directors Loan Accounts included within Other Creditors are non interest bearing and repayable upon demand.

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amounts advanced to the Directors will have interest applied at 2.25% (or other rate equivalent to the Official Interest Rate) where the balance exceeds £10,000 at any point in the period.

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,450 were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

The controlling party is C P Knight.

The ultimate controlling party is C P Knight.

Mr C P Knight is the ultimate controlling party by virtue of holding 68.9% of the issued ordinary shares.

Chartered Certified Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Purfaction Ltd


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 Statement of Financial Position. 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, I have prepared for your approval the financial statements of Purfaction Ltd for the year ended 30 September 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Purfaction Ltd, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Purfaction Ltd and state those matters that I have agreed to state to the Board of Directors of Purfaction Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Purfaction Ltd 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 profit of Purfaction Ltd. You consider that Purfaction Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Purfaction Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Martin Laity Accounting & Tax Practitioner
Kelyn
Old Hill
Helston
Cornwall
TR13 8HT


15 January 2025