Pure Emporium Limited - Period Ending 2018-08-31
Pure Emporium Limited - Period Ending 2018-08-31
Registration number:
Pure Emporium Limited
for the
Year Ended 31 August 2018
Chartered Accountants
Bewell House
Bewell Street
Hereford
Herefordshire
HR4 0BA
Pure Emporium Limited
(Registration number: 8657960)
Balance Sheet as at 31 August 2018
|
2018 |
2017 |
|
|
Fixed assets |
|
|
|
Current assets |
|
|
|
Prepayments and accrued income |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Total assets less current liabilities |
( |
( |
|
Accruals and deferred income |
( |
( |
|
( |
( |
|
|
Capital and reserves |
( |
( |
|
Page 1 |
Pure Emporium Limited
(Registration number: 8657960)
Balance Sheet as at 31 August 2018
(continued)
Notes to the Financial Statements for the Year Ended 31 August 2018
|
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
The financial statements show a deficit on net assets. This has arisen from a difficult period of trading as a result of a downturn in trading. The director remains hopeful the company can return to profitable position over the next few financial years. The shareholders have indicated that they will continue to provide financial support to the company to enable it to continue trading for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the going concern basis being no longer appropriate.
|
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
|
Page 2 |
Pure Emporium Limited
(Registration number: 8657960)
Balance Sheet as at 31 August 2018
(continued)
Notes to the Financial Statements for the Year Ended 31 August 2018
(continued)
|
Related party transactions |
Mr John Card, a director and shareholder, was owed a total of £208 at the year end. The loan is repayable on demand.
Miss Amy Card, a director, was owed a total of £208 at the year end. The loan is repayable on demand.
Mr J Card and Mrs K Card, shareholders, charged rent to the company during the year of £9,600 (2017 £9,600). Mr J Card and Mrs K Card were owed a total of £108,628 (2017 £107,128) at the year end. The loan is repayable upon demand.
The company incurred management charges of £1,480 (2017 £1,928) from Caylo Limited, a company part controlled by Mr J Card, shareholder. There we no monies outstanding at the end of the year.
|
Page 3 |
Pure Emporium Limited
(Registration number: 8657960)
Balance Sheet as at 31 August 2018
(continued)
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
For the financial year ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
|
• |
|
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
.........................................
Director
|
Page 4 |