Registered number
10571725
Pure Entertainment Group Ltd
Filleted Accounts
31 January 2025
Pure Entertainment Group Ltd
Registered number: 10571725
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 208,939 249,881
Current assets
Debtors 4 131,339 272,672
Cash at bank and in hand 219,017 251,277
350,356 523,949
Creditors: amounts falling due within one year 5 (118,418) (293,275)
Net current assets 231,938 230,674
Total assets less current liabilities 440,877 480,555
Creditors: amounts falling due after more than one year 6 (3,531) (13,194)
Provisions for liabilities (6,900) (17,136)
Net assets 430,446 450,225
Capital and reserves
Called up share capital 10 10
Profit and loss account 430,436 450,215
Shareholder's funds 430,446 450,225
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Hayley Richardson
Director
Approved by the board on 7 April 2025
Pure Entertainment Group Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2024 121,254 224,472 345,726
Additions 16,018 - 16,018
Disposals - (1,041) (1,041)
At 31 January 2025 137,272 223,431 360,703
Depreciation
At 1 February 2024 35,796 60,049 95,845
Charge for the year 15,221 40,894 56,115
On disposals - (196) (196)
At 31 January 2025 51,017 100,747 151,764
Net book value
At 31 January 2025 86,255 122,684 208,939
At 31 January 2024 85,458 164,423 249,881
4 Debtors 2025 2024
£ £
Trade debtors 130,839 272,672
Other debtors 500 -
131,339 272,672
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 9,815 10,162
Trade creditors 10,551 41,701
Taxation and social security costs 90,765 124,755
Deferred income 4,000 -
Other creditors 3,287 116,657
118,418 293,275
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 3,531 13,194
7 Other information
Pure Entertainment Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Boundary Farm
Middleton
N Yorks
YO18 8PB
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