Pure Corporation Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 06563992 (England and Wales)

PURE CORPORATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

E Cozzi

REGISTERED OFFICE:

8 Church Green East

Redditch

Worcestershire

B98 8BP

REGISTERED NUMBER:

06563992 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Tangible assets

2

1,202

1,602

CURRENT ASSETS

Stocks

2,105

2,310

Debtors

3

32,231

51,718

Cash at bank

246,300

178,878

280,636

232,906

CREDITORS

Amounts falling due within one year

4

69,699

60,310

NET CURRENT ASSETS

210,937

172,596

TOTAL ASSETS LESS CURRENT LIABILITIES

212,139

174,198

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

6

212,138

174,197

SHAREHOLDERS' FUNDS

212,139

174,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 July 2017 and were signed by:

E Cozzi - 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 January 2015).

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2015

and 30 November 2016

3,366

1,500

765

5,631

DEPRECIATION

At 1 December 2015

2,256

1,144

629

4,029

Charge for year

277

89

34

400

At 30 November 2016

2,533

1,233

663

4,429

NET BOOK VALUE

At 30 November 2016

833

267

102

1,202

At 30 November 2015

1,110

356

136

1,602

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.16

30.11.15

£

£

Other debtors

32,231

51,718

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.16

30.11.15

£

£

Trade creditors

10,920

11,625

Taxation and social security

14,989

23,073

Other creditors

43,790

25,612

69,699

60,310

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

£

1

Ordinary

£1

1

1

6.

RESERVES

Profit

and loss

account

£

At 1 December 2015

174,197

Profit for the year

42,941

Dividends

(5,000

)

At 30 November 2016

212,138

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 (2015 - £20,000) were paid to the director .

During the year the company incurred a management charge of £25,000 (2015 : £25,000) from

Midland Associates Limited. At 30 November 2016 the company was owed £32,086 (2015 : £51,718).

Midland Associates Limited is a company under the control of E Cozzi, director.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is E Cozzi, the director, by virtue of his shareholding.