Pure Vision Marketing Limited Filleted accounts for Companies House (small and micro)

PURE VISION MARKETING LTD - Company Information

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COMPANY REGISTRATION NUMBER: 07370794

Pure Vision Marketing Limited

Filleted Unaudited Financial Statements

28 February 2018

Pure Vision Marketing Limited

Statement of Financial Position

28 February 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	4		655	436

Current assets

Debtors	5	425	500
Cash at bank and in hand		2,341	2,872
		-------	-------
		2,766	3,372

Prepayments and accrued income	1,125		832

Creditors: amounts falling due within one year	6	1,708		2,011
		-------		-------
Net current assets			2,183	2,193
			-------	-------
Total assets less current liabilities			2,838	2,629

Accruals and deferred income	1,953	2,422
	-------	-------
Net assets	885	207
	-------	-------

Capital and reserves

Called up share capital	3	3
Profit and loss account	882	204
	----	----
Shareholders funds	885	207
	----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Pure Vision Marketing Limited

Statement of Financial Position (continued)

28 February 2018

These financial statements were approved by the board of directors and authorised for issue on 29 October 2018 , and are signed on behalf of the board by:

Mrs E Timson
Director

Company registration number: 07370794

Pure Vision Marketing Limited

Accounting Policies

Year ended 28 February 2018

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss accounts represents amounts invoiced during the year as adjusted for services invoiced in advance.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Pure Vision Marketing Limited

Notes to the Financial Statements

Year ended 28 February 2018

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 4 Office Village, Forder Way, Cygnet Park, Hampton, Peterborough, PE7 8GX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).

4. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 March 2017	1,390	1,390
Additions	798	798
Disposals	( 1,390)	( 1,390)
	-------	-------
At 28 February 2018	798	798
	-------	-------
Depreciation
At 1 March 2017	954	954
Charge for the year	143	143
Disposals	( 954)	( 954)
	-------	-------
At 28 February 2018	143	143
	-------	-------
Carrying amount
At 28 February 2018	655	655
	-------	-------
At 28 February 2017	436	436
	-------	-------

5. Debtors

	2018	2017
	£	£
Trade debtors	425	500
	----	----

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Corporation tax	1,262	1,623
Social security and other taxes	122	141
Director loan accounts	324	247
	-------	-------
	1,708	2,011
	-------	-------