REGISTERED NUMBER: 12193331 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PURE WHITE LINES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M D T Goss

J Owen

REGISTERED OFFICE:

The Packing House

Orchard Farm

Emms Lane

Horsham

RH13 OTR

REGISTERED NUMBER:

12193331 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

65,381

81,965

CURRENT ASSETS

Stocks

646,900

490,000

Debtors

5

108,516

172,139

Cash at bank and in hand

20,219

17,662

775,635

679,801

CREDITORS

Amounts falling due within one year

6

470,584

299,463

NET CURRENT ASSETS

305,051

380,338

TOTAL ASSETS LESS CURRENT LIABILITIES

370,432

462,303

CREDITORS

Amounts falling due after more than one year

7

(196,066

)

(395,086

)

PROVISIONS FOR LIABILITIES

(15,774

)

(15,573

)

NET ASSETS

158,592

51,644

CAPITAL AND RESERVES

Called up share capital

200

100

Retained earnings

158,392

51,544

158,592

51,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

M D T Goss - Director

1.	STATUTORY INFORMATION

Pure White Lines Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2023

6,638

42,280

82,119

39,165

170,202

Additions

-

2,115

-

3,812

5,927

At 30 September 2024

6,638

44,395

82,119

42,977

176,129

DEPRECIATION

At 1 October 2023

3,007

16,341

43,744

25,145

88,237

Charge for year

908

6,616

9,593

5,394

22,511

At 30 September 2024

3,915

22,957

53,337

30,539

110,748

NET BOOK VALUE

At 30 September 2024

2,723

21,438

28,782

12,438

65,381

At 30 September 2023

3,631

25,939

38,375

14,020

81,965

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 October 2023

and 30 September 2024

44,205

DEPRECIATION

At 1 October 2023

11,051

Charge for year

8,288

At 30 September 2024

19,339

NET BOOK VALUE

At 30 September 2024

24,866

At 30 September 2023

33,154

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

42,531

27,003

PWL Europe

23,352

1,000

Rent deposit

22,500

45,000

Tax

7,633

7,633

Prepayments

12,500

91,503

108,516

172,139

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

23,551

5,000

Other loans

63,819

26,000

Hire purchase contracts (see note 8)

23,944

11,261

Payments on account

-

14,000

Trade creditors

63,488

75,830

Tax

38,117

-

Social security and other taxes

14,533

8,206

Pension control

1,097

851

VAT

158,511

99,691

Directors' current accounts

79,310

54,124

Accrued expenses

4,214

4,500

470,584

299,463

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,000

5,000

Bank loans - 2-5 years

15,000

15,000

Bank loans more 5 yr by instal

10,833

15,833

Other loans - 1-2 years

63,819

21,273

Other loans - 2-5 years

90,363

297,820

Hire purchase contracts (see note 8)

11,051

40,160

196,066

395,086

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

10,833

15,833

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

23,944

11,261

Between one and five years

11,051

40,160

34,995

51,421

Non-cancellable

operating leases

2024

2023

£

£

Within one year

176,263

155,000

Between one and five years

909,404

870,000

In more than five years

-

180,000

1,085,667

1,205,000

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M D T Goss.

This was by virtue of his 54% holding of the issued share capital.