Company Registration No. 10125023 (England and Wales)
PURE BUSINESS GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2020
PAGES FOR FILING WITH REGISTRAR
PURE BUSINESS GROUP LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
PURE BUSINESS GROUP LIMITED
BALANCE SHEET
AS AT
31 MARCH 2020
31 March 2020
- 1 -
2020
2018
Notes
£
£
£
£
Fixed assets
Intangible assets
3
114,527
29,522
Tangible assets
4
463,052
176,360
Investments
5
250,770
-
828,349
205,882
Current assets
Debtors
6
5,675,814
1,320,751
Cash at bank and in hand
-
4,825
5,675,814
1,325,576
Creditors: amounts falling due within one year
7
(6,310,566)
(1,427,557)
Net current liabilities
(634,752)
(101,981)
Total assets less current liabilities
193,597
103,901
Creditors: amounts falling due after more than one year
8
(126,430)
(96,960)
Provisions for liabilities
(6,325)
(6,325)
Net assets
60,842
616
Capital and reserves
Called up share capital
970
200
Profit and loss reserves
59,872
416
Total equity
60,842
616
PURE BUSINESS GROUP LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2020
31 March 2020
- 2 -
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial Period ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 March 2021 and are signed on its behalf by:
D Kirby
Director
Company Registration No. 10125023
PURE BUSINESS GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2020
- 3 -
1
Accounting policies
Company information
Pure Business Group Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Fourth Floor Building 8, Princes Parade, Liverpool, Merseyside, England, L3 1DL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
1.3
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Software
Amortised evenly over its estimated useful life of four years
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
12% on cost
Fixtures and fittings
15% on cost
Computers
15% on reducing balance
Motor vehicles
25% on cost
1.5
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in profit or loss.
PURE BUSINESS GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2020
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation
Taxation for the period 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 tax
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
1.7
Employee 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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the Period was:
2020
2018
Number
Number
Total
48
16
PURE BUSINESS GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2020
- 5 -
3
Intangible fixed assets
Other
£
Cost
At 1 November 2018
30,513
Additions
130,942
At 31 March 2020
161,455
Amortisation and impairment
At 1 November 2018
991
Amortisation charged for the Period
45,937
At 31 March 2020
46,928
Carrying amount
At 31 March 2020
114,527
At 31 October 2018
29,522
4
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 November 2018
-
57,137
4,070
163,180
224,387
Additions
391,867
27,829
3,841
-
423,537
At 31 March 2020
391,867
84,966
7,911
163,180
647,924
Depreciation and impairment
At 1 November 2018
-
3,378
454
44,195
48,027
Depreciation charged in the Period
57,628
17,644
3,780
57,793
136,845
At 31 March 2020
57,628
21,022
4,234
101,988
184,872
Carrying amount
At 31 March 2020
334,239
63,944
3,677
61,192
463,052
At 31 October 2018
-
53,759
3,616
118,985
176,360
PURE BUSINESS GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2020
- 6 -
5
Fixed asset investments
2020
2018
£
£
Shares in group undertakings and participating interests
250,770
-
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 November 2018
-
Additions
250,770
At 31 March 2020
250,770
Carrying amount
At 31 March 2020
250,770
At 31 October 2018
-
6
Debtors
2020
2018
Amounts falling due within one year:
£
£
Trade debtors
20,204
155,497
Amounts owed by group undertakings
5,608,214
-
Other debtors
5,949
1,161,681
Prepayments and accrued income
41,447
3,573
5,675,814
1,320,751
PURE BUSINESS GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2020
- 7 -
7
Creditors: amounts falling due within one year
2020
2018
£
£
Bank loans and overdrafts
181,974
-
Obligations under finance leases
23,953
23,953
Other borrowings
73,011
-
Trade creditors
218,394
259,037
Amounts owed to group undertakings
5,210,120
-
Corporation tax
33,277
34,433
Other taxation and social security
284,251
344,726
Other creditors
103,522
757,421
Accruals and deferred income
182,064
7,987
6,310,566
1,427,557
8
Creditors: amounts falling due after more than one year
2020
2018
Notes
£
£
Obligations under finance leases
63,027
96,960
Other borrowings
63,403
-
126,430
96,960
9
Operating lease commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2020
2018
£
£
976,714
1,182,675
2020-03-31
2018-11-01
false
29 March 2021
CCH Software
CCH Accounts Production 2020.310
No description of principal activity
Mr P Hodgkinson
Mr D Kirby
Mrs J J Shaw
Mr R Mares
Mr A Scott
Mrs A Grimes
Mr C G Charnock
Mr J C Reeve
Mr Nicolas Bacon
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