REGISTERED NUMBER: 05608602 (England and Wales)

Pure Financial Services Limited

Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N Broumley

SECRETARY:

Mrs H R Stacey

REGISTERED OFFICE:

Unit 5 Westgate Court

Silkwood Park

Ossett

West Yorkshire

WF5 9TT

REGISTERED NUMBER:

05608602 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Intangible assets

4

24,595

139,702

CURRENT ASSETS

Debtors

5

209,701

83,595

Cash at bank

29,220

12,661

238,921

96,256

CREDITORS

Amounts falling due within one year

6

142,727

119,299

NET CURRENT ASSETS/(LIABILITIES)

96,194

(23,043

)

TOTAL ASSETS LESS CURRENT LIABILITIES

120,789

116,659

CREDITORS

Amounts falling due after more than one year

7

4,167

14,219

NET ASSETS

116,622

102,440

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

116,522

102,340

SHAREHOLDERS' FUNDS

116,622

102,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 6 August 2025 and were signed by:

Mr N Broumley - Director

1.	STATUTORY INFORMATION

Pure Financial Services Limited 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 commissions receivable which are exempt from value added tax.

Goodwill

Goodwill represents amounts paid to acquire competitors client bases and is amortised evenly over its estimated useful life of five years. A full years amortisation is charged in the year of acquisition.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are initially recorded at 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2023 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

784,545

AMORTISATION

At 1 January 2024

644,843

Amortisation for year

115,107

At 31 December 2024

759,950

NET BOOK VALUE

At 31 December 2024

24,595

At 31 December 2023

139,702

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

197,485

82,195

Prepayments and accrued income

12,216

1,400

209,701

83,595

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Amounts owed to group undertakings

8,721

-

Corporation tax

119,574

100,169

Accruals and deferred income

4,432

9,130

142,727

119,299

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,167

14,219

8.

RESERVES

Retained

earnings

£

At 1 January 2024

102,340

Profit for the year

239,182

Dividends

(225,000

)

At 31 December 2024

116,522