Pure IT Recycling Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC329414 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

PURE IT RECYCLING LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R D R R Mitchell

SECRETARY:

M Dale

REGISTERED OFFICE:

14 Riversdale Crescent

Edinburgh

EH12 5QT

REGISTERED NUMBER:

SC329414 (Scotland)

ACCOUNTANTS:

Danzig Limited

Chartered Accountants

6 St Colme Street

Edinburgh

Lothian

EH3 6AD

FIXED ASSETS

Tangible assets

2

3,973

4,966

CURRENT ASSETS

Stocks

10,000

3,000

Debtors

15,880

15,843

Cash at bank and in hand

17,996

37,639

43,876

56,482

CREDITORS

Amounts falling due within one year

(22,215

)

(23,630

)

NET CURRENT ASSETS

21,661

32,852

TOTAL ASSETS LESS CURRENT LIABILITIES

25,634

37,818

PROVISIONS FOR LIABILITIES

-

(993

)

NET ASSETS

25,634

36,825

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

25,633

36,824

SHAREHOLDERS' FUNDS

25,634

36,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 September 2014 and were signed by:

R D R R Mitchell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

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 cost and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

8,559

DEPRECIATION

At 1 January 2013

3,593

Charge for year

993

At 31 December 2013

4,586

NET BOOK VALUE

At 31 December 2013

3,973

At 31 December 2012

4,966

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors in an amount of £1,518 (2012 - £1,050) due to the director R D R R Mitchell.

There are no fixed terms for repayment and no interest is charged.