Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-315false2022-01-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12591470 2022-01-01 2022-12-31 12591470 2021-06-01 2021-12-31 12591470 2022-12-31 12591470 2021-12-31 12591470 c:Director2 2022-01-01 2022-12-31 12591470 d:OfficeEquipment 2022-01-01 2022-12-31 12591470 d:OfficeEquipment 2022-12-31 12591470 d:OfficeEquipment 2021-12-31 12591470 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 12591470 d:CurrentFinancialInstruments 2022-12-31 12591470 d:CurrentFinancialInstruments 2021-12-31 12591470 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12591470 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 12591470 d:ShareCapital 2022-12-31 12591470 d:ShareCapital 2021-12-31 12591470 d:RetainedEarningsAccumulatedLosses 2022-12-31 12591470 d:RetainedEarningsAccumulatedLosses 2021-12-31 12591470 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-01-01 2022-12-31 12591470 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-12-31 12591470 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2021-12-31 12591470 c:FRS102 2022-01-01 2022-12-31 12591470 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 12591470 c:FullAccounts 2022-01-01 2022-12-31 12591470 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 12591470 d:EntityControlledByKeyManagementPersonnel1 2022-01-01 2022-12-31 12591470 d:EntityControlledByKeyManagementPersonnel1 2021-06-01 2021-12-31 12591470 d:EntityControlledByKeyManagementPersonnel2 2022-01-01 2022-12-31 12591470 d:EntityControlledByKeyManagementPersonnel2 2021-06-01 2021-12-31 12591470 d:EntityControlledByKeyManagementPersonnel2 2022-12-31 12591470 d:EntityControlledByKeyManagementPersonnel2 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 12591470









PURPLE GOAT SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
PURPLE GOAT SOLUTIONS LIMITED
 

CONTENTS



Page
Balance Sheet
1 - 3
Notes to the Financial Statements
4 - 10


 
PURPLE GOAT SOLUTIONS LIMITED
REGISTERED NUMBER:12591470

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,652
-

Current assets
  

Debtors: amounts falling due within one year
 5 
191,879
248,626

Cash at bank and in hand
  
362,789
269,457

  
554,668
518,083

Creditors: amounts falling due within one year
 6 
(396,300)
(284,770)

Net current assets
  
 
 
158,368
 
 
233,313

Provisions for liabilities
  

Deferred tax
  
(1,712)
-

Other provisions
 7 
-
(20,000)

Net assets
  
164,308
213,313


Capital and reserves
  

Called up share capital 
  
10
10

Retained earnings
  
164,298
213,303

Shareholders' funds
  
164,308
213,313


Page 1

 
PURPLE GOAT SOLUTIONS LIMITED
REGISTERED NUMBER:12591470
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 2

 
PURPLE GOAT SOLUTIONS LIMITED
REGISTERED NUMBER:12591470
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



M J Sibley
Director

Date: 9 November 2023

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
PURPLE GOAT SOLUTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Purple Goat Solutions Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 12591470). The registered office address is 30 City Road, London, EC1Y 2AB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis.
The directors consider the Company has adequate resources to continue in operational existence for the foreseeable future and at least the next 12 months form the date of signing these financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Page 4

 
PURPLE GOAT SOLUTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
PURPLE GOAT SOLUTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Page 6

 
PURPLE GOAT SOLUTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.8

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument. 
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 7

 
PURPLE GOAT SOLUTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 11 (7-month period ended 31 May 2021 - 5).


4.


Tangible fixed assets





Office equipment

£



Cost


Additions
11,478



At 31 December 2022

11,478



Depreciation


Charge for the year
3,826



At 31 December 2022

3,826



Net book value



At 31 December 2022
7,652



At 31 December 2021
-

Page 8

 
PURPLE GOAT SOLUTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Debtors

2022
2021
£
£


Trade debtors
76,284
170,962

Other debtors
16,030
10

Prepayments and accrued income
99,565
77,117

Deferred taxation
-
537

191,879
248,626



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
127,558
78,414

Amounts owed to related parties
-
42,500

Corporation tax
-
52,898

Other taxation and social security
37,682
22,193

Other creditors
8,968
5,787

Accruals and deferred income
222,092
82,978

396,300
284,770



7.


Provisions





Other

£





At 1 January 2022
20,000


Utilised in year
(20,000)



At 31 December 2022
-

Page 9

 
PURPLE GOAT SOLUTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

8.


Related party transactions

Transactions with shareholders
During the year sales were made to a corporate shareholder with common directors totalling £58,500 (7-month period ended 31 December 2022 - £118,312).
During the year purchases were made from a corporate shareholder with common directors and management charges were payable.  These amounts totalled £100,914 
(7-month period ended 31 December 2021 - £124,975). At the period end a balance of £75,641 (31 December 2022 - £56,917) was outstanding and included within trade creditors. 


9.


Controlling party

The ultimate controlling party is M J Sibley, by virtue of his shareholding and directorship.

Page 10