Purechannels Limited - Accounts to registrar (filleted) - small 18.2

Purechannels Limited - Accounts to registrar (filleted) - small 18.2

PURECHANNELS LIMITED - Company Information

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REGISTERED NUMBER: 05485704 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2018 TO 31 DECEMBER 2019

FOR

PURECHANNELS LIMITED
PURECHANNELS LIMITED (REGISTERED NUMBER: 05485704)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2018 TO 31 DECEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

PURECHANNELS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2018 TO 31 DECEMBER 2019







DIRECTOR: G Robertson





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 05485704 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP
Page 1
PURECHANNELS LIMITED (REGISTERED NUMBER: 05485704)

BALANCE SHEET
31 DECEMBER 2019

31.12.19 30.6.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,364 78,201

CURRENT ASSETS
Debtors 5 66,614 34,498
Cash at bank and in hand 67,329 13,749
133,943 48,247
CREDITORS
Amounts falling due within one year 6 80,630 93,934
NET CURRENT ASSETS/(LIABILITIES) 53,313 (45,687 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
64,677
32,514

CAPITAL AND RESERVES
Called up share capital 25 25
Capital redemption reserve 75 75
Retained earnings 64,577 32,414
64,677 32,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 May 2020 and were signed by:





G Robertson - Director


The notes form part of these financial statements

Page 2
PURECHANNELS LIMITED (REGISTERED NUMBER: 05485704)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2018 TO 31 DECEMBER 2019

1. STATUTORY INFORMATION

Purechannels Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have made an assessment about the company's ability to continue as a going concern and they do
not consider there to be any material uncertainties. As a result they have adopted the going concern basis of
accounting.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2018 - 7 ) .

Page 3 continued...
PURECHANNELS LIMITED (REGISTERED NUMBER: 05485704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2018 TO 31 DECEMBER 2019

4. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 July 2018 82,294 9,544 91,838
Additions - 9,519 9,519
Disposals (82,294 ) - (82,294 )
At 31 December 2019 - 19,063 19,063
DEPRECIATION
At 1 July 2018 8,781 4,856 13,637
Charge for period - 2,843 2,843
Eliminated on disposal (8,781 ) - (8,781 )
At 31 December 2019 - 7,699 7,699
NET BOOK VALUE
At 31 December 2019 - 11,364 11,364
At 30 June 2018 73,513 4,688 78,201

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 30.6.18
£    £   
Trade debtors 65,876 33,724
Prepayments and accrued income 738 774
66,614 34,498

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 30.6.18
£    £   
Bank loans and overdrafts - 30,255
Trade creditors 17,373 14,525
Tax 13,713 2,780
Social security and other taxes 6,372 5,898
VAT 27,032 14,153
Other creditors 1,140 13,122
Directors' current accounts 12,000 10,000
Accrued expenses 3,000 3,201
80,630 93,934

7. RELATED PARTY DISCLOSURES

Mr G Robertson, who is a director of the company, was owed £12,000 at the period end. There are no terms
attached to this loan and it is repayable on demand.

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PURECHANNELS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only
required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other
primary statements and the Report of the Director are not required to be filed with the Registrar of
Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Purechannels Limited for the period ended 31 December 2019 which comprise the Income
Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Purechannels Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Purechannels Limited and state those matters that we have agreed to state to the director of Purechannels Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Purechannels Limited and its director for our work or for this report.

It is your duty to ensure that Purechannels Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Purechannels Limited. You consider that Purechannels Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Purechannels 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 financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


1 May 2020

This page does not form part of the statutory financial statements

Page 5