Pure Vision Marketing Ltd - Accounts to registrar (filleted) - small 23.2.5

Pure Vision Marketing Ltd - Accounts to registrar (filleted) - small 23.2.5

PURE VISION MARKETING LTD - Company Information

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REGISTERED NUMBER: 07370794 (England and Wales)
























PURE VISION MARKETING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023





PURE VISION MARKETING LTD (REGISTERED NUMBER: 07370794)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PURE VISION MARKETING LTD

COMPANY INFORMATION
For The Year Ended 28 February 2023







DIRECTOR: E L Timson





REGISTERED OFFICE: 4 Office Village
Forder Way , Cygnet Park
Hampton
Peterborough
PE7 8GX





REGISTERED NUMBER: 07370794 (England and Wales)





ACCOUNTANTS: TC Group
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX
Page 1
PURE VISION MARKETING LTD (REGISTERED NUMBER: 07370794)

STATEMENT OF FINANCIAL POSITION
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 134 119

CURRENT ASSETS
Debtors 5 4,946 11,803
Cash at bank 6,716 274
11,662 12,077
CREDITORS
Amounts falling due within one year 6 11,244 11,998
NET CURRENT ASSETS 418 79
TOTAL ASSETS LESS CURRENT LIABILITIES 552 198

PROVISIONS FOR LIABILITIES 7 25 -
NET ASSETS 527 198

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 9 524 195
SHAREHOLDERS' FUNDS 527 198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

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 28 November 2023 and were signed by:




E L Timson - Director


The notes form part of these financial statements

Page 2
PURE VISION MARKETING LTD (REGISTERED NUMBER: 07370794)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2023


1. STATUTORY INFORMATION

Pure Vision Marketing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.
Computer equipment - 33% on cost

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Government grants
Government grants relating to the Coronavirus Job Retention Scheme are recognised in income in the period in which it becomes receivable under the performance model.

Page 3 continued...
PURE VISION MARKETING LTD (REGISTERED NUMBER: 07370794)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities- trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Page 4 continued...
PURE VISION MARKETING LTD (REGISTERED NUMBER: 07370794)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022 1,303
Additions 200
At 28 February 2023 1,503
DEPRECIATION
At 1 March 2022 1,184
Charge for year 185
At 28 February 2023 1,369
NET BOOK VALUE
At 28 February 2023 134
At 28 February 2022 119

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,600 10,692
Directors' loan accounts 2,346 1,111
4,946 11,803

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 10,432 7,375
Social security and other taxes 116 32
Wages due - 825
Deferred income - 2,430
Accrued expenses 696 1,336
11,244 11,998

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 25 -

Deferred
tax
£   
Provided during year 25
Balance at 28 February 2023 25

Page 5 continued...
PURE VISION MARKETING LTD (REGISTERED NUMBER: 07370794)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3 Ordinary 1 3 3

9. RESERVES
Retained
earnings
£   

At 1 March 2022 195
Profit for the year 24,929
Dividends (24,600 )
At 28 February 2023 524

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year there were advances made of £4,650 (2022 £9,993), and repayments of £3,415 (2022 £9,797). As at the year end, the director owed the company £2,346 (2022 £1,111 owed to the director), which has subsequently been repaid.

Page 6