Company Registration No. 09343993 (England and Wales)
PURELEC ENERGY LTD
Unaudited accounts
for the year ended 31 December 2024
PURELEC ENERGY LTD
Unaudited accounts
Contents
PURELEC ENERGY LTD
Company Information
for the year ended 31 December 2024
Directors
Mr J R Scott
Mr R Weaver
Company Number
09343993 (England and Wales)
Registered Office
UNIT 2 14 WAKEFIELD ROAD
GRANGE MOOR
WAKEFIELD
WEST YORKSHIRE
WF4 4DS
Accountants
P B S Accounting Services Ltd
Adcroft House
15 Roath Road
Portishead
North Somerset
BS20 6AW
PURELEC ENERGY LTD
Statement of financial position
as at 31 December 2024
Tangible assets
8,530
14,698
Cash at bank and in hand
250,201
391,690
Creditors: amounts falling due within one year
(300,720)
(476,901)
Net current assets
235,937
310,747
Net assets
244,467
325,445
Called up share capital
2,000
2,000
Profit and loss account
242,467
323,445
Shareholders' funds
244,467
325,445
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by
Mr R Weaver
Director
Company Registration No. 09343993
PURELEC ENERGY LTD
Notes to the Accounts
for the year ended 31 December 2024
PURELEC ENERGY LTD is a private company, limited by shares, registered in England and Wales, registration number 09343993. The registered office is UNIT 2 14 WAKEFIELD ROAD, GRANGE MOOR, WAKEFIELD, WEST YORKSHIRE, WF4 4DS.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% straight line
Computer equipment
20% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
PURELEC ENERGY LTD
Notes to the Accounts
for the year ended 31 December 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
12,705
37,907
2,640
53,252
At 31 December 2024
12,705
37,907
2,640
53,252
At 1 January 2024
12,705
23,209
2,640
38,554
Charge for the year
-
6,168
-
6,168
At 31 December 2024
12,705
29,377
2,640
44,722
At 31 December 2024
-
8,530
-
8,530
At 31 December 2023
-
14,698
-
14,698
Amounts falling due within one year
Trade debtors
185,073
211,031
Deferred tax asset
1,620
2,481
Accrued income and prepayments
46,920
129,603
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
15,000
25,000
Taxes and social security
62,669
12,622
Proposed dividends
-
30,675
Other creditors
157,077
367,116
Loans from directors
37,200
5,987
PURELEC ENERGY LTD
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
1,400 Ordinary shares of £1 each
1,400
1,400
600 Ordinary A shares of £1 each
600
600
The company operates an autoenrolment scheme on behalf of its employees, contributions to the scheme during the period were £61,996 (23 £7,665). The outstanding pension commitment at 31 December 2024 was £375 (2023 £1,101).
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Average number of employees
During the year the average number of employees was 9 (2023: 9).