Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05123198 Sophie Kempin Clare Monson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05123198 2023-05-31 05123198 2024-05-31 05123198 2023-06-01 2024-05-31 05123198 frs-core:CurrentFinancialInstruments 2024-05-31 05123198 frs-core:ComputerEquipment 2024-05-31 05123198 frs-core:ComputerEquipment 2023-06-01 2024-05-31 05123198 frs-core:ComputerEquipment 2023-05-31 05123198 frs-core:FurnitureFittings 2024-05-31 05123198 frs-core:FurnitureFittings 2023-06-01 2024-05-31 05123198 frs-core:FurnitureFittings 2023-05-31 05123198 frs-core:NetGoodwill 2024-05-31 05123198 frs-core:NetGoodwill 2023-06-01 2024-05-31 05123198 frs-core:NetGoodwill 2023-05-31 05123198 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05123198 frs-bus:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 05123198 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05123198 frs-bus:SmallEntities 2023-06-01 2024-05-31 05123198 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05123198 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05123198 frs-bus:Director1 2023-06-01 2024-05-31 05123198 frs-bus:Director2 2023-06-01 2024-05-31 05123198 frs-countries:EnglandWales 2023-06-01 2024-05-31 05123198 2022-05-31 05123198 2023-05-31 05123198 2022-06-01 2023-05-31 05123198 frs-core:CurrentFinancialInstruments 2023-05-31 05123198 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 05123198
Pure Portugal Limited
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05123198
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 103,838 118,672
Tangible Assets 5 5,457 13,628
109,295 132,300
CURRENT ASSETS
Debtors 6 2,798 3,027
Cash at bank and in hand 12,235 31,046
15,033 34,073
Creditors: Amounts Falling Due Within One Year 7 (104,037 ) (105,782 )
NET CURRENT ASSETS (LIABILITIES) (89,004 ) (71,709 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,291 60,591
PROVISIONS FOR LIABILITIES
Deferred Taxation - (2,589 )
NET ASSETS 20,291 58,002
Income and Expenditure Account 20,291 58,002
MEMBERS' FUNDS 20,291 58,002
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For the year ending 31 May 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Clare Monson
Director
25/02/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pure Portugal Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 05123198 . The registered office is 93 North Street, Burwell, Cambridgeshire, CB5 0BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors believe there is no material uncertainty that the company will be able to continue to trading as a going concern.
This confidence is based on several factors, including the launch of a new website with improved searchability, which is expected to enhance visibility and customer engagement. Additionally, the company maintains a solid client base and ongoing demand for its products/services. Operational efficiencies and cost-saving measures have also been implemented to improve financial stability. Given these factors, the directors are confident in the company’s ability to meet its obligations and continue its operations in the foreseeable future.  
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income and expenditure account over its estimated economic life of ten years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% reducing balance basis
Computer Equipment 25% straight line basis
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2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
2.7. Taxation
The tax charge or credit on the income and expenditure account represents the sum of the tax currently payable and deferred tax.
Any tax currently payable is based on taxable surplus for the year. Taxable surplus or deficit differs from surplus or deficit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. There is no tax currently payable as a result of the deficit, and a credit is shown since the tax loss will be carried back against the previous year's taxable profit. 
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 148,340
As at 31 May 2024 148,340
Amortisation
As at 1 June 2023 29,668
Provided during the period 14,834
As at 31 May 2024 44,502
...CONTINUED
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Net Book Value
As at 31 May 2024 103,838
As at 1 June 2023 118,672
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 11,610 23,460 35,070
Disposals (10,400 ) - (10,400 )
As at 31 May 2024 1,210 23,460 24,670
Depreciation
As at 1 June 2023 8,943 12,499 21,442
Provided during the period 26 5,611 5,637
Disposals (7,866 ) - (7,866 )
As at 31 May 2024 1,103 18,110 19,213
Net Book Value
As at 31 May 2024 107 5,350 5,457
As at 1 June 2023 2,667 10,961 13,628
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 643 952
Prepayments and accrued income 80 -
Corporation tax recoverable assets 2,075 2,075
2,798 3,027
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 3,564 3,043
VAT 160 1,817
Other creditors 97,340 98,340
Accruals and deferred income 1,710 2,419
Directors' loan accounts 1,263 163
104,037 105,782
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Creditors include £97,340 (2023: £98,340) owed to a director for purchase of goodwill, with no fixed payment terms.
8. Related Party Transactions
Goodwill was sold by a director to the company in 2022 on normal commercial terms. A balance of £97,340 for the goodwill was outstanding at the year end, with no fixed payment terms.
9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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