Pure Broadband Ltd - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 06823313 (England and Wales)

Unaudited Financial Statements

for the Period 1 March 2022 to 30 September 2022

for

Pure Broadband Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr F Alamgir

K Y Yeung

SECRETARY:

OHS Secretaries Limited

REGISTERED OFFICE:

9th Floor 107 Cheapside

London

United Kingdom

EC2V 6DN

REGISTERED NUMBER:

06823313 (England and Wales)

ACCOUNTANTS:

Marshall & Co

Chartered Accountants

& Chartered Tax Advisers

The Bloc

Springfield Way

Anlaby

Kingston upon Hull

East Yorkshire

HU10 6RJ

FIXED ASSETS

Intangible assets

4

2,251

5,401

Tangible assets

5

215,359

294,848

Investments

6

4,001

4,001

221,611

304,250

CURRENT ASSETS

Stocks

2,513

39,526

Debtors

7

285,889

313,216

Cash at bank

166,383

762,984

454,785

1,115,726

CREDITORS

Amounts falling due within one year

8

527,444

703,007

NET CURRENT (LIABILITIES)/ASSETS

(72,659

)

412,719

TOTAL ASSETS LESS CURRENT LIABILITIES

148,952

716,969

CREDITORS

Amounts falling due after more than one year

9

-

(298,844

)

PROVISIONS FOR LIABILITIES

-

(1,223

)

NET ASSETS

148,952

416,902

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

4,900

4,900

Retained earnings

143,052

411,002

148,952

416,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 7 September 2023 and were signed on its behalf by:

Dr F Alamgir - Director

1.	STATUTORY INFORMATION

Pure Broadband Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five 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 etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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 27 (2022 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 March 2022

and 30 September 2022

27,000

81,405

108,405

AMORTISATION

At 1 March 2022

21,600

81,404

103,004

Charge for period

3,150

-

3,150

At 30 September 2022

24,750

81,404

106,154

NET BOOK VALUE

At 30 September 2022

2,250

1

2,251

At 28 February 2022

5,400

1

5,401

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2022

68,065

707,040

775,105

Additions

-

31,354

31,354

At 30 September 2022

68,065

738,394

806,459

DEPRECIATION

At 1 March 2022

-

480,257

480,257

Charge for period

-

110,843

110,843

At 30 September 2022

-

591,100

591,100

NET BOOK VALUE

At 30 September 2022

68,065

147,294

215,359

At 28 February 2022

68,065

226,783

294,848

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 March 2022

and 30 September 2022

1

4,000

4,001

NET BOOK VALUE

At 30 September 2022

1

4,000

4,001

At 28 February 2022

1

4,000

4,001

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2022

£

£

Trade debtors

222,499

177,165

Other debtors

63,390

136,051

285,889

313,216

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2022

£

£

Bank loans and overdrafts

-

102,205

Finance leases

3,648

7,819

Trade creditors

426,948

464,949

Taxation and social security

68,117

61,429

Other creditors

28,731

66,605

527,444

703,007

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2022

£

£

Bank loans

-

298,844