Pure Periodontics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11729675 (England and Wales)

Unaudited Financial Statements

for the Period 17 December 2018 to 31 March 2020

for

PURE PERIODONTICS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Dr N Patel

REGISTERED OFFICE:

26 Widegate Street

London

United Kingdom

E1 7HP

REGISTERED NUMBER:

11729675 (England and Wales)

ACCOUNTANTS:

Hive Accountancy Ltd

The Innovation Centre

Treliske

Truro

Cornwall

TR1 3FF

FIXED ASSETS

Intangible assets

4

63,000

Tangible assets

5

10,412

73,412

CURRENT ASSETS

Debtors

89,287

Cash at bank

67,279

156,566

CREDITORS

Amounts falling due within one year

99,193

NET CURRENT ASSETS

57,373

TOTAL ASSETS LESS CURRENT LIABILITIES

130,785

PROVISIONS FOR LIABILITIES

1,978

NET ASSETS

128,807

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

128,806

SHAREHOLDERS' FUNDS

128,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 December 2020 and were signed by:

Dr N Patel - Director

1.	STATUTORY INFORMATION

Pure Periodontics 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.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the period.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on straight line basis

Computer equipment - 20% on straight line basis

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

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

Additions

70,000

At 31 March 2020

70,000

AMORTISATION

Amortisation for period

7,000

At 31 March 2020

7,000

NET BOOK VALUE

At 31 March 2020

63,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

13,015

At 31 March 2020

13,015

DEPRECIATION

Charge for period

2,603

At 31 March 2020

2,603

NET BOOK VALUE

At 31 March 2020

10,412

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2020:

£

Dr N Patel

Balance outstanding at start of period

-

Amounts advanced

538,948

Amounts repaid

(474,033

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

64,915

Interest has been charged on any overdrawn amounts at a commercial rate of 2.5%.

7.	GOING CONCERN

Although there was a temporary suspension of trade following the end of the accounting period due to the COVID-19 pandemic, trade has now resumed and management have determined there are no material uncertainties in relation to going concern. As such, these accounts have been prepared on a going concern basis.