Company Registration No. 07256688 (England and Wales)
Purechem Limited
Unaudited accounts
for the year ended 31 May 2022
Purechem Limited
Unaudited accounts
Contents
Purechem Limited
Company Information
for the year ended 31 May 2022
Directors
Mark Dobby
Wendy Dobby
Company Number
07256688 (England and Wales)
Registered Office
4 Red House Gardens
Moor Road
Bishop Monkton
North Yorkshire
HG3 3QF
Accountants
Business Works UK Ltd
4 Lidgett Lane
Garforth
Leeds
West Yorkshire
LS25 1EQ
Purechem Limited
Statement of financial position
as at
31 May 2022
Tangible assets
37,154
51,461
Investment property
188,696
188,696
Cash at bank and in hand
640,429
553,493
Creditors: amounts falling due within one year
(471,319)
(344,212)
Net current assets
678,984
540,262
Total assets less current liabilities
904,834
780,419
Creditors: amounts falling due after more than one year
(38,206)
(43,449)
Provisions for liabilities
Net assets
866,628
736,372
Called up share capital
10
10
Profit and loss account
866,618
736,362
Shareholders' funds
866,628
736,372
For the year ending 31 May 2022 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.
The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2023 and were signed on its behalf by
Mark Dobby
Director
Company Registration No. 07256688
Purechem Limited
Notes to the Accounts
for the year ended 31 May 2022
Purechem Limited is a private company, limited by shares, registered in England and Wales, registration number 07256688. The registered office is 4 Red House Gardens, Moor Road, Bishop Monkton, North Yorkshire, HG3 3QF.
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
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2021
51,400
33,669
85,069
Disposals
-
(3,251)
(3,251)
At 31 May 2022
51,400
30,897
82,297
At 1 June 2021
12,850
20,758
33,608
Charge for the year
9,638
4,635
14,273
On disposals
-
(2,738)
(2,738)
At 31 May 2022
22,488
22,655
45,143
At 31 May 2022
28,912
8,242
37,154
At 31 May 2021
38,550
12,911
51,461
5
Investment property
2022
Fair value at 1 June 2021
188,696
Purechem Limited
Notes to the Accounts
for the year ended 31 May 2022
Amounts falling due within one year
Trade debtors
502,325
325,364
Deferred tax asset
1,569
-
Accrued income and prepayments
2,780
2,417
Other debtors
3,200
3,200
7
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
5,244
3,958
Trade creditors
333,415
229,122
Taxes and social security
75,795
120,587
Loans from directors
(12,561)
(9,455)
8
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
38,206
43,449
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan
4,727
105,699
102,388
8,038
Director's loan
4,727
102,184
102,388
4,523
9,454
207,883
204,776
12,561
At 31 May 2022 the loans were outstanding to the company
10
Average number of employees
During the year the average number of employees was 2 (2021: 2).