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Company Registration No. 10921142 (England and Wales)
Purpose Products Group Ltd. Unaudited accounts for the year ended 31 March 2023
Purpose Products Group Ltd. Unaudited accounts Contents
Page
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Purpose Products Group Ltd. Company Information for the year ended 31 March 2023
Director
Katherine Senior
Company Number
10921142 (England and Wales)
Registered Office
3 HOLMANS BUTLEIGH SOMERSET BA6 8UD ENGLAND
Accountants
Your Cloud Accountant Limited The Keep Creech Castle Taunton Somerset TA1 2DX
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Purpose Products Group Ltd. Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,919 
6,139 
Current assets
Inventories
18,553 
24,331 
Debtors
11,064 
14,015 
Cash at bank and in hand
5,352 
7,954 
34,969 
46,300 
Creditors: amounts falling due within one year
(17,436)
(16,739)
Net current assets
17,533 
29,561 
Total assets less current liabilities
22,452 
35,700 
Creditors: amounts falling due after more than one year
(30,635)
(41,667)
Net liabilities
(8,183)
(5,967)
Capital and reserves
Called up share capital
101 
101 
Profit and loss account
(8,284)
(6,068)
Shareholders' funds
(8,183)
(5,967)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 October 2023 and were signed on its behalf by
Katherine Senior Director Company Registration No. 10921142
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Purpose Products Group Ltd. Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Purpose Products Group Ltd. is a private company, limited by shares, registered in England and Wales, registration number 10921142. The registered office is 3 HOLMANS, BUTLEIGH, SOMERSET, BA6 8UD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
2,200 
9,677 
11,877 
At 31 March 2023
2,200 
9,677 
11,877 
Depreciation
At 1 April 2022
1,504 
4,234 
5,738 
Charge for the year
232 
988 
1,220 
At 31 March 2023
1,736 
5,222 
6,958 
Net book value
At 31 March 2023
464 
4,455 
4,919 
At 31 March 2022
696 
5,443 
6,139 
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Purpose Products Group Ltd. Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,163 
4,509 
Accrued income and prepayments
2,425 
1,010 
Other debtors
3,476 
8,496 
11,064 
14,015 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
(1,501)
VAT
1,658 
2,412 
Trade creditors
1,581 
8,148 
Taxes and social security
10,128 
3,696 
Other creditors
512 
427 
Accruals
3,557 
3,557 
17,436 
16,739 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,635 
41,667 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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