Pure IT Recycling Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC329414

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		25,100		27,509

			25,100		27,509
CURRENT ASSETS
Stocks	5	588,299		603,185
Debtors	6	167,194		156,140
Cash at bank and in hand		72,041		23,778

		827,534		783,103
Creditors: Amounts Falling Due Within One Year	7	(276,845 )		(329,728 )

NET CURRENT ASSETS (LIABILITIES)			550,689		453,375

TOTAL ASSETS LESS CURRENT LIABILITIES			575,789		480,884

Creditors: Amounts Falling Due After More Than One Year	8		(206,837 )		(134,647 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,161 )		(3,619 )

NET ASSETS			365,791		342,618

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			365,790		342,617

SHAREHOLDERS' FUNDS			365,791		342,618

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Pure IT Recycling Ltd

Balance Sheet (continued)

As At 31 December 2024

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Robert Mitchell

Director

31/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Pure IT Recycling Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC329414 . The registered office is 14 Riversdale Crescent, Edinburgh, EH12 5QT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Not depreciated
Plant & Machinery	20% reducing balance
Fixtures & Fittings	20% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 18 (2023: 12)

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Pure IT Recycling Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2024	8,463	17,473	23,046	48,982
Additions	-	558	974	1,532

As at 31 December 2024	8,463	18,031	24,020	50,514

Depreciation
As at 1 January 2024	-	9,696	11,777	21,473
Provided during the period	-	1,565	2,376	3,941

As at 31 December 2024	-	11,261	14,153	25,414

Net Book Value
As at 31 December 2024	8,463	6,770	9,867	25,100

As at 1 January 2024	8,463	7,777	11,269	27,509

5. Stocks

	2024	2023
	£	£
Stock	588,299	603,185

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	159,486	156,122
Other debtors	7,708	18

	167,194	156,140

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	6,931	31,575
Bank loans and overdrafts	100,057	186,768
Other creditors	32,334	32,113
Taxation and social security	137,523	79,272

	276,845	329,728

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	102,837	120,647
Other creditors	104,000	14,000

	206,837	134,647

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Pure IT Recycling Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

10. Related Party Transactions

The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.

11. Ultimate Controlling Party

The company's ultimate controlling party is Mr Robert Mitchell by virtue of his ownership of 100% of the issued share capital in the company.