Company Registration No. 07256688 (England and Wales)
Purechem Limited
Unaudited accounts
for the year ended 31 May 2017
Purechem Limited
Unaudited accounts
Contents
Purechem Limited
Company Information
for the year ended 31 May 2017
Directors
Mark Dobby
Wendy Dobby
Company Number
07256688 (England and Wales)
Registered Office
Oak House
Mary Lane
Lower Dunsforth
York
YO26 9SA
Accountants
Business Works UK Ltd
Upper Floor, 9 Fusion Court
Aberford Road
Leeds
West Yorkshire
LS25 2GH
Purechem Limited
Accountants' report
Accountants' report to the board of directors of Purechem Limited on the preparation of the unaudited statutory accounts for the year ended 31 May 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Purechem Limited for the year ended
31 May 2017 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Purechem Limited, as a body, in accordance with the terms of our engagement letter dated 5 April 2016. Our work has been undertaken solely to prepare for your approval the accounts of Purechem Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Purechem Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Purechem Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Purechem Limited. You consider that Purechem Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Purechem Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Business Works UK Ltd
Upper Floor, 9 Fusion Court
Aberford Road
Leeds
West Yorkshire
LS25 2GH
24 October 2017
Purechem Limited
Statement of financial position
as at
31 May 2017
Tangible assets
1,278
1,314
Cash at bank and in hand
315,857
131,080
Creditors: amounts falling due within one year
(209,063)
(164,678)
Net current assets
273,558
133,790
Total assets less current liabilities
274,836
135,104
Provisions for liabilities
Net assets
274,655
134,667
Called up share capital
10
10
Profit and loss account
274,645
134,657
Shareholders' funds
274,655
134,667
For the year ending 31 May 2017 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.
Approved by the Board on 24 October 2017.
Mark Dobby
Director
Company Registration No. 07256688
Purechem Limited
Notes to the Accounts
for the year ended 31 May 2017
Purechem Limited is a private company, limited by shares, registered in England and Wales, registration number 07256688. The registered office is Oak House, Mary Lane, Lower Dunsforth, York, YO26 9SA.
2
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.
These financial statements for the year ended 31 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Fixtures & fittings
25% Reducing balance
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
Purechem Limited
Notes to the Accounts
for the year ended 31 May 2017
Trade debtors
166,764
166,985
6
Creditors: amounts falling due within one year
2017
2016
Trade creditors
143,458
118,902
Taxes and social security
75,459
46,597
Loans from directors
(9,854)
(3,428)
7
Average number of employees
During the year the average number of employees was 2 (2016: 2).