Caseware UK (AP4) 2024.0.164 2024.0.164 2024-02-292024-02-292025-05-29true32023-03-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10008735 2023-03-01 2024-02-29 10008735 2022-03-01 2023-02-28 10008735 2024-02-29 10008735 2023-02-28 10008735 c:Director1 2023-03-01 2024-02-29 10008735 c:Director2 2023-03-01 2024-02-29 10008735 c:RegisteredOffice 2023-03-01 2024-02-29 10008735 d:ComputerEquipment 2023-03-01 2024-02-29 10008735 d:ComputerEquipment 2024-02-29 10008735 d:ComputerEquipment 2023-02-28 10008735 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10008735 d:CurrentFinancialInstruments 2024-02-29 10008735 d:CurrentFinancialInstruments 2023-02-28 10008735 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 10008735 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10008735 d:ShareCapital 2024-02-29 10008735 d:ShareCapital 2023-02-28 10008735 d:RetainedEarningsAccumulatedLosses 2024-02-29 10008735 d:RetainedEarningsAccumulatedLosses 2023-02-28 10008735 c:FRS102 2023-03-01 2024-02-29 10008735 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10008735 c:FullAccounts 2023-03-01 2024-02-29 10008735 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10008735 d:WithinOneYear 2024-02-29 10008735 d:WithinOneYear 2023-02-28 10008735 6 2023-03-01 2024-02-29 10008735 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Company registration number: 10008735







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 FEBRUARY 2024


PURE BIOFUEL LTD






































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PURE BIOFUEL LIMITED
 


 
COMPANY INFORMATION


Directors
B Borisenko 
R Ralston 




Registered number
10008735



Registered office
Office 7
35-37 Ludgate Hill

London

United Kingdom

EC4M 7JN




Trading Address
307 Euston Road

London

United Kingdom

NW1 3AD






Accountants
Menzies LLP
Chartered Accountants

95 Gresham Street

London

EC2V 7AB





 


PURE BIOFUEL LIMITED
REGISTERED NUMBER:10008735



STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
122
419

Investments
 5 
20
20

  
142
439

Current assets
  

Stocks
  
11,375
30,142

Debtors: amounts falling due within one year
 6 
111,840
53,394

Cash at bank and in hand
  
64,353
164,090

  
187,568
247,626

Creditors: amounts falling due within one year
 7 
(446,656)
(440,665)

Net current liabilities
  
 
 
(259,088)
 
 
(193,039)

Total assets less current liabilities
  
(258,946)
(192,600)

  

Net liabilities
  
(258,946)
(192,600)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(259,946)
(193,600)

  
(258,946)
(192,600)


Page 1

 


PURE BIOFUEL LIMITED
REGISTERED NUMBER:10008735


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R Ralston
Director

Date: 29 May 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


PURE BIOFUEL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Pure Biofuel Limited is a private company, limited by shares, incorporated in England and Wales with company
registration number 10008735. The registered office and principal place of business are disclosed on the company's information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

As at the year end the company has net liabilities of £258,946 (2023: £192,600). The directors have confirmed that they will continue to provide financial support so that the company will be able to meet the creditors as they fall due.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is generated by selling sustainable biomass wood pellets  and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 


PURE BIOFUEL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 


PURE BIOFUEL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 3).


4.


Tangible fixed assets







Computer equipment

£



Cost or valuation


At 1 March 2023
3,474



At 29 February 2024

3,474



Depreciation


At 1 March 2023
3,055


Charge for the year on owned assets
297



At 29 February 2024

3,352



Net book value



At 29 February 2024
122



At 28 February 2023
419

Page 5

 


PURE BIOFUEL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Fixed asset investments








Investment in Associates

£



Cost or valuation


At 1 March 2023
20



At 29 February 2024
20





6.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
99,190
41,062

Other debtors
12,650
12,332

111,840
53,394



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Other loans
301,400
301,400

Trade creditors
8,470
13,936

Other taxation and social security
29,636
9,400

Other creditors
98,600
106,244

Accruals and deferred income
8,550
9,685

446,656
440,665


Page 6

 


PURE BIOFUEL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Commitments under operating leases

At 29 February 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

29 February
28 February
2024
2023
£
£


Not later than 1 year
954
3,547

954
3,547


9.


Related party transactions

As at 29 February 2024, within other creditors there is a balance owed to a director of £98,894 (2023: £98,894) by the company. The loan has been provided interest free and is repayable on demand.

 
Page 7