Pure Evil Gallery Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 09262728 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2022

for

Pure Evil Gallery Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Edwards

L Edwards

SECRETARY:

C Edwards

REGISTERED OFFICE:

Finsgate

5-7 Cranwood Street

London

EC1V 9EE

REGISTERED NUMBER:

09262728 (England and Wales)

ACCOUNTANTS:

.

FIXED ASSETS

Tangible assets

4

18,595

21,876

CURRENT ASSETS

Debtors

5

79,859

17,540

Cash at bank

31,200

18,648

111,059

36,188

CREDITORS

Amounts falling due within one year

6

129,123

57,999

NET CURRENT LIABILITIES

(18,064

)

(21,811

)

TOTAL ASSETS LESS CURRENT LIABILITIES

531

65

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

431

(35

)

SHAREHOLDERS' FUNDS

531

65

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 January 2023 and were signed on its behalf by:

C Edwards - Director

L Edwards - Director

1.	STATUTORY INFORMATION

Pure Evil Gallery 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 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.

Taxation

Taxation for the year 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 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.

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 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2021

and 31 October 2022

55,615

DEPRECIATION

At 1 November 2021

33,739

Charge for year

3,281

At 31 October 2022

37,020

NET BOOK VALUE

At 31 October 2022

18,595

At 31 October 2021

21,876

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Trade debtors

47,753

1,509

Other debtors

32,106

16,031

79,859

17,540

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Trade creditors

100,687

21,874

Taxation and social security

25,647

24,113

Other creditors

2,789

12,012

129,123

57,999