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
Purpose Products Group Ltd.
Company Information
for the year ended 31 March 2023
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
Purpose Products Group Ltd.
Statement of financial position
as at 31 March 2023
Tangible assets
4,919
6,139
Cash at bank and in hand
5,352
7,954
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)
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
Purpose Products Group Ltd.
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 March 2023
464
4,455
4,919
At 31 March 2022
696
5,443
6,139
Purpose Products Group Ltd.
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Accrued income and prepayments
2,425
1,010
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
(1,501)
Trade creditors
1,581
8,148
Taxes and social security
10,128
3,696
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).