PureGT Limited - Period Ending 2016-10-31

Registration number: 05968682

PureGT Limited
 
  Annual Report and Unaudited Abbreviated Accounts
 
  for the Year Ended 31 October 2016
 

PureGT Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

PureGT Limited
(Registration number: 05968682)
Abbreviated Balance Sheet at 31 October 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					5,409			3,519
Current assets
Debtors					15,336			-
Cash at bank and in hand					6,052			20,959
					21,388			20,959
Creditors: Amounts falling due within one year					(2,410)			(3,621)
Net current assets					18,978			17,338
Net assets					24,387			20,857
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					24,287			20,757
Shareholders' funds					24,387			20,857

For the year ending 31 October 2016 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 18 July 2017 and signed on its behalf by:

.........................................
Ms M Moon
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

PureGT Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... 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 January 2015).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

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
Office equipment	25% reducing balance

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2015		11,755			11,755
Additions		3,693			3,693
At 31 October 2016		15,448			15,448
Depreciation
At 1 November 2015		8,236			8,236
Charge for the year		1,803			1,803
At 31 October 2016		10,039			10,039
Net book value
At 31 October 2016		5,409			5,409
At 31 October 2015		3,519			3,519

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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