Pure Design Group Limited - Period Ending 2015-03-31

Registration number: 06846726

Pure Design Group Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Accounting 4 Success Limited
44 The Enterprise Centre
Cranborne Road
Potters Bar
Hertfordshire
EN6 3DQ

Pure Design Group Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Pure Design Group Limited
(Registration number: 06846726)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					32,145			53,574
Tangible fixed assets					5,503			5,414
Investments					154			154
					37,802			59,142
Current assets
Debtors					150,178			33,506
Cash at bank and in hand					127,370			192,366
					277,548			225,872
Creditors: Amounts falling due within one year					(128,547)			(148,300)
Net current assets					149,001			77,572
Net assets					186,803			136,714
Capital and reserves
Called up share capital		3			6			6
Profit and loss account					186,797			136,708
Shareholders' funds					186,803			136,714

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 7 October 2015 and signed on its behalf by:

......................................... John Mullen Director

......................................... Warren Martin Director

......................................... Allan Stanton Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Pure Design Group Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of architectural services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over ther estimated useful economic lives. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Asset class	Amortisation method and rate
Goodwill	Over estimated useful economic life

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, fittings & equipment	Over 4 years

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Pure Design Group Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Investments £			Total £
Cost
At 1 April 2014		85,717			8,567			154			94,438
Additions		-			1,685			-			1,685
At 31 March 2015		85,717			10,252			154			96,123
Depreciation
At 1 April 2014		32,143			3,153			-			35,296
Charge for the year		21,429			1,596			-			23,025
At 31 March 2015		53,572			4,749			-			58,321
Net book value
At 31 March 2015		32,145			5,503			154			37,802
At 31 March 2014		53,574			5,414			154			59,142

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Pure Design Associates Limited	England & Wales	Ordinary	100%	Architectural Services
Pure Design Consultants Limited	England & Wales	Ordinary	100%	Architectural Services
Parian Limited	England & Wales	Ordinary	100%	Architectural Services

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		6			6			6			6

Page 3