REGISTERED NUMBER: 10405413 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

PURE BUSINESS LAW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E B C Jarrett

S L J N Jarrett

REGISTERED OFFICE:

32 St. Johns Street

Bedford

Bedfordshire

MK42 0DH

REGISTERED NUMBER:

10405413 (England and Wales)

ACCOUNTANTS:

MDG Business Associates Limited

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

FIXED ASSETS

Tangible assets

5

3,284

4,692

Investments

6

300

300

3,584

4,992

CURRENT ASSETS

Work in progress

100,381

34,991

Debtors

7

73,001

73,506

Cash at bank and in hand

14,649

9,083

188,031

117,580

CREDITORS

Amounts falling due within one year

8

(154,266

)

(97,957

)

NET CURRENT ASSETS

33,765

19,623

TOTAL ASSETS LESS CURRENT LIABILITIES

37,349

24,615

CREDITORS

Amounts falling due after more than one year

9

(57,331

)

(69,806

)

NET LIABILITIES

(19,982

)

(45,191

)

CAPITAL AND RESERVES

Called up share capital

11

20

20

Retained earnings

(20,002

)

(45,211

)

SHAREHOLDERS' FUNDS

(19,982

)

(45,191

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 28 October 2026 and were signed on its behalf by:

E B C Jarrett - Director

1.	STATUTORY INFORMATION

Pure Business Law 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The company supports its day to day working capital requirements by way of a series of loans including a bank loan and a loan from a director. The directors are optimistic over the company's future prospects and have confirmed that the related party loan will not be called for until such time as the company has sufficient working capital funds. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue recognition

The turnover shown in the profit and loss account represents the fair value of the consideration received or receivable in respect of professional services provided during the year, inclusive of direct expenses incurred on client assignments but excluding Value Added Tax.

Where the outcome of a transaction can be estimated reliably, revenue associated with the transaction is recognised in the income statement by reference to the stage of completion at the year end date, provided that a right to consideration has been obtained through performance. Consideration accrues as contract activity progresses by reference to the value of work performed. Hence revenue in respect of service contracts represents the cost appropriate to the stage of completion of each contract plus attributable profits, less amounts recognised in previous years where relevant.

Where the outcome of a transaction cannot be estimated reliably, revenue is recognised only to the extent that the costs of providing the service are recoverable. No revenue is recognised where there are significant uncertainties regarding recovery of the consideration due or where the right to receive payment is contingent on events outside the control of the company. Provision is made for any losses as soon as they are foreseen.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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.

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.

Business bounce back loan scheme

The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% per annum.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 November 2024

2,826

16,260

19,086

Additions

1,451

-

1,451

At 31 October 2025

4,277

16,260

20,537

Depreciation

At 1 November 2024

2,021

12,373

14,394

Charge for year

719

2,140

2,859

At 31 October 2025

2,740

14,513

17,253

Net book value

At 31 October 2025

1,537

1,747

3,284

At 31 October 2024

805

3,887

4,692

6.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

Cost

At 1 November 2024

and 31 October 2025

300

Net book value

At 31 October 2025

300

At 31 October 2024

300

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

41,291

52,738

Amounts owed by associates

21,115

7,585

Other debtors

5,305

5,305

Social security and other tax

-

7,878

Prepayments and accrued income

5,290

-

73,001

73,506

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,766

2,766

Other loans

15,134

23,801

Trade creditors

5,290

-

Social security and other taxes

1,117

-

VAT

31,013

19,772

Other creditors

14

-

Pensions payable

318

299

Directors' loan accounts

96,963

49,668

Accruals and deferred income

1,651

1,651

154,266

97,957

The bank loan is 100% guaranteed by the government in line with the Covid scheme rules, with interest being charged at 2.5% per annum.

Other loans are personally guaranteed by one of the directors with interest being charged at 7.5% and 8% per annum respectively.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

7,331

10,097

Other loans - 1-2 years

-

9,709

Directors' loan accounts

50,000

50,000

57,331

69,806

The bank loan is 100% guaranteed by the government in line with the Covid scheme rules, with interest being charged at 2.5% per annum.

Other loans are personally guaranteed by one of the directors with interest being charged at 7.5% and 8% per annum respectively.

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

16,830

16,830

Between one and five years

5,610

22,440

22,440

39,270

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

4

Ordinary

£5

20

20

12.	RELATED PARTY DISCLOSURES