Pure Design Group Ltd - Accounts to registrar (filleted) - small 23.1.2

Pure Design Group Ltd - Accounts to registrar (filleted) - small 23.1.2

PURE DESIGN GROUP LIMITED - Company Information

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REGISTERED NUMBER: 06846726 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

PURE DESIGN GROUP LTD
PURE DESIGN GROUP LTD (REGISTERED NUMBER: 06846726)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PURE DESIGN GROUP LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: A Stanton
W Martin
J Mullen





REGISTERED OFFICE: 45 Leather Lane
London
EC1N 7TJ





REGISTERED NUMBER: 06846726 (England and Wales)





ACCOUNTANTS: Riddingtons Ltd
The Old Barn
off Wood Street
Swanley Village
Kent
BR8 7PA
Page 1
PURE DESIGN GROUP LTD (REGISTERED NUMBER: 06846726)

Balance Sheet
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,773 22,430
32,773 22,430

CURRENT ASSETS
Debtors 6 372,062 302,132
Cash at bank and in hand 739,373 592,015
1,111,435 894,147
CREDITORS
Amounts falling due within one year 7 390,905 265,934
NET CURRENT ASSETS 720,530 628,213
TOTAL ASSETS LESS CURRENT
LIABILITIES
753,303
650,643

PROVISIONS FOR LIABILITIES 9,877 4,262
NET ASSETS 743,426 646,381

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 743,420 646,375
743,426 646,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 notes form part of these financial statements

Page 2 continued...
PURE DESIGN GROUP LTD (REGISTERED NUMBER: 06846726)

Balance Sheet - continued
31 MARCH 2023


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 4 October 2023 and were signed on its behalf by:




A Stanton - Director W Martin - Director




J Mullen - Director


The notes form part of these financial statements

Page 3
PURE DESIGN GROUP LTD (REGISTERED NUMBER: 06846726)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Pure Design Group 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 0, is being amortised evenly over its estimated useful life of nil 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 - 15% on reducing balance

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.

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 13 (2022 - 14 ) .

Page 4 continued...
PURE DESIGN GROUP LTD (REGISTERED NUMBER: 06846726)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 85,716
AMORTISATION
At 1 April 2022
and 31 March 2023 85,716
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 50,416
Additions 24,053
Disposals (30,470 )
At 31 March 2023 43,999
DEPRECIATION
At 1 April 2022 27,986
Charge for year 5,785
Eliminated on disposal (22,545 )
At 31 March 2023 11,226
NET BOOK VALUE
At 31 March 2023 32,773
At 31 March 2022 22,430

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 338,829 271,108
Other debtors 33,233 31,024
372,062 302,132

Page 5 continued...
PURE DESIGN GROUP LTD (REGISTERED NUMBER: 06846726)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 41,932 13,148
Taxation and social security 248,126 195,353
Other creditors 100,847 57,433
390,905 265,934

8. RELATED PARTY DISCLOSURES

Included in the Other Creditors is an amount owed to the company director Mr Allan Stanton totalling £23,854 (2022 - £380), no interest is to be charged.

Included in the Other Creditors is an amount owed to the company director Mr Warren Martin totalling £49,317 (2022 - £417), no interest is to be charged.

Included in the Other Creditors is an amount owed to the company director Mr John Mullen totalling £24,001 (2022 - £601), no interest is to be charged.

Page 6