Pure Fashion Clothing Limited - Accounts to registrar (filleted) - small 18.2

Pure Fashion Clothing Limited - Accounts to registrar (filleted) - small 18.2

PURE FASHION CLOTHING LIMITED - Company Information

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REGISTERED NUMBER: 07675571 (England and Wales)















PURE FASHION CLOTHING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021





PURE FASHION CLOTHING LIMITED (REGISTERED NUMBER: 07675571)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021










Page

Balance Sheet 1

Notes to the Financial Statements 3


PURE FASHION CLOTHING LIMITED (REGISTERED NUMBER: 07675571)

BALANCE SHEET
30 JUNE 2021

2021 2020
Notes £    £   
Fixed assets
Tangible assets 4 177,931 199,490
Investments 5 60,000 60,000
Investment property 6 879,307 860,596
1,117,238 1,120,086

Current assets
Stocks 67,325 47,750
Debtors 7 3,012,961 810,826
Cash at bank and in hand 481,528 2,014,713
3,561,814 2,873,289
Creditors
Amounts falling due within one year 8 (1,792,198 ) (1,666,328 )
Net current assets 1,769,616 1,206,961
Total assets less current liabilities 2,886,854 2,327,047

Creditors
Amounts falling due after more than one
year
9
(50,000
)
-
Net assets 2,836,854 2,327,047

Capital and reserves
Called up share capital 100 100
Retained earnings 2,836,754 2,326,947
2,836,854 2,327,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 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 notes form part of these financial statements

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PURE FASHION CLOTHING LIMITED (REGISTERED NUMBER: 07675571)

BALANCE SHEET - continued
30 JUNE 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2022 and were signed by:





Ms Wenjuan Shen - Director


The notes form part of these financial statements

Page 2
PURE FASHION CLOTHING LIMITED (REGISTERED NUMBER: 07675571)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021


1. Statutory information

Pure Fashion Clothing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07675571

Registered office: 43 Bent Street
Manchester
M8 8NW

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 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.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

Page 3 continued...
PURE FASHION CLOTHING LIMITED (REGISTERED NUMBER: 07675571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2021


2. Accounting policies - continued

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 year was 14 (2020 - 13 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 July 2020 276,611
Additions 8,957
At 30 June 2021 285,568
Depreciation
At 1 July 2020 77,121
Charge for year 30,516
At 30 June 2021 107,637
Net book value
At 30 June 2021 177,931
At 30 June 2020 199,490

5. Fixed asset investments
Other
investments
£   
Cost
At 1 July 2020
and 30 June 2021 60,000
Net book value
At 30 June 2021 60,000
At 30 June 2020 60,000

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PURE FASHION CLOTHING LIMITED (REGISTERED NUMBER: 07675571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2021


6. Investment property
Total
£   
Fair value
At 1 July 2020 860,596
Additions 18,711
At 30 June 2021 879,307
Net book value
At 30 June 2021 879,307
At 30 June 2020 860,596

7. Debtors: amounts falling due within one year
2021 2020
£    £   
Trade debtors 1,342,693 425,304
Other debtors 1,670,268 385,522
3,012,961 810,826

8. Creditors: amounts falling due within one year
2021 2020
£    £   
Trade creditors 937,840 904,489
Taxation and social security 765,441 576,975
Other creditors 88,917 184,864
1,792,198 1,666,328

9. Creditors: amounts falling due after more than one year
2021 2020
£    £   
Bank loans 50,000 -

10. Related party disclosures

At 30 June 2021 the director owed £28 to the company (2020: company owed director £25,472). No interest has been charged in respect of this loan which is repayable on demand and classified in debtors due within one year.

11. Ultimate controlling party

The company is ultimately controlled by WJSEP Holdings Ltd.

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