Company Registration No. 07256688 (England and Wales)
Purechem Limited
Unaudited accounts
for the year ended 31 May 2019
Purechem Limited
Unaudited accounts
Contents
Purechem Limited
Company Information
for the year ended 31 May 2019
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
4 Lidgett Lane
Garforth
Leeds
West Yorkshire
LS25 1EQ
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Purechem Limited
for the year ended 31 May 2019
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 2019 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
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 the Board of Directors of Purechem Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. 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
Chartered Management Accountants
4 Lidgett Lane
Garforth
Leeds
West Yorkshire
LS25 1EQ
31 October 2019
Purechem Limited
Statement of financial position
as at
31 May 2019
Tangible assets
20,833
25,419
Investment property
188,696
188,696
Cash at bank and in hand
337,283
155,442
Creditors: amounts falling due within one year
(260,606)
(134,519)
Net current assets
293,654
146,602
Total assets less current liabilities
503,183
360,717
Provisions for liabilities
Deferred tax
(3,959)
(4,830)
Net assets
499,224
355,887
Called up share capital
10
10
Profit and loss account
499,214
355,877
Shareholders' funds
499,224
355,887
For the year ending 31 May 2019 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 25 October 2019.
Mark Dobby
Director
Company Registration No. 07256688
Purechem Limited
Notes to the Accounts
for the year ended 31 May 2019
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.
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:
Fixtures & fittings
25% Reducing balance
4
Tangible fixed assets
Total
Charge for the year
4,586
Purechem Limited
Notes to the Accounts
for the year ended 31 May 2019
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan
4,924
38,810
39,000
4,734
Director's loan
4,923
38,811
39,000
4,734
9,847
77,621
78,000
9,468
At 31 May 2019 the loans were outstanding to Purechem Ltd
6
Average number of employees
During the year the average number of employees was 2 (2018: 2).