2022-03-232023-03-212023-03-21false08894797LEXO PURPLE LTD2024-03-1047290iso4217:GBPxbrli:pure088947972022-03-23088947972023-03-21088947972022-03-232023-03-21088947972021-04-01088947972022-03-22088947972021-04-012022-03-2208894797bus:SmallEntities2022-03-232023-03-2108894797bus:AuditExempt-NoAccountantsReport2022-03-232023-03-2108894797bus:FullAccounts2022-03-232023-03-2108894797bus:PrivateLimitedCompanyLtd2022-03-232023-03-2108894797core:WithinOneYear2023-03-2108894797core:AfterOneYear2023-03-2108894797core:WithinOneYear2022-03-2208894797core:AfterOneYear2022-03-2208894797core:ShareCapital2023-03-2108894797core:SharePremium2023-03-2108894797core:RevaluationReserve2023-03-2108894797core:OtherReservesSubtotal2023-03-2108894797core:RetainedEarningsAccumulatedLosses2023-03-2108894797core:ShareCapital2022-03-2208894797core:SharePremium2022-03-2208894797core:RevaluationReserve2022-03-2208894797core:OtherReservesSubtotal2022-03-2208894797core:RetainedEarningsAccumulatedLosses2022-03-2208894797core:LandBuildings2023-03-2108894797core:PlantMachinery2023-03-2108894797core:Vehicles2023-03-2108894797core:FurnitureFittings2023-03-2108894797core:OfficeEquipment2023-03-2108894797core:NetGoodwill2023-03-2108894797core:IntangibleAssetsOtherThanGoodwill2023-03-2108894797core:ListedExchangeTraded2023-03-2108894797core:UnlistedNon-exchangeTraded2023-03-2108894797core:LandBuildings2022-03-2208894797core:PlantMachinery2022-03-2208894797core:Vehicles2022-03-2208894797core:FurnitureFittings2022-03-2208894797core:OfficeEquipment2022-03-2208894797core:NetGoodwill2022-03-2208894797core:IntangibleAssetsOtherThanGoodwill2022-03-2208894797core:ListedExchangeTraded2022-03-2208894797core:UnlistedNon-exchangeTraded2022-03-2208894797core:LandBuildings2022-03-232023-03-2108894797core:PlantMachinery2022-03-232023-03-2108894797core:Vehicles2022-03-232023-03-2108894797core:FurnitureFittings2022-03-232023-03-2108894797core:OfficeEquipment2022-03-232023-03-2108894797core:NetGoodwill2022-03-232023-03-2108894797core:IntangibleAssetsOtherThanGoodwill2022-03-232023-03-2108894797core:ListedExchangeTraded2022-03-232023-03-2108894797core:UnlistedNon-exchangeTraded2022-03-232023-03-2108894797core:MoreThanFiveYears2022-03-232023-03-2108894797core:Non-currentFinancialInstruments2023-03-2108894797core:Non-currentFinancialInstruments2022-03-2208894797dpl:CostSales2022-03-232023-03-2108894797dpl:DistributionCosts2022-03-232023-03-2108894797core:LandBuildings2022-03-232023-03-2108894797core:PlantMachinery2022-03-232023-03-2108894797core:Vehicles2022-03-232023-03-2108894797core:FurnitureFittings2022-03-232023-03-2108894797core:OfficeEquipment2022-03-232023-03-2108894797dpl:AdministrativeExpenses2022-03-232023-03-2108894797core:NetGoodwill2022-03-232023-03-2108894797core:IntangibleAssetsOtherThanGoodwill2022-03-232023-03-2108894797dpl:GroupUndertakings2022-03-232023-03-2108894797dpl:ParticipatingInterests2022-03-232023-03-2108894797dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-232023-03-2108894797core:ListedExchangeTraded2022-03-232023-03-2108894797dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-232023-03-2108894797core:UnlistedNon-exchangeTraded2022-03-232023-03-2108894797dpl:CostSales2021-04-012022-03-2208894797dpl:DistributionCosts2021-04-012022-03-2208894797core:LandBuildings2021-04-012022-03-2208894797core:PlantMachinery2021-04-012022-03-2208894797core:Vehicles2021-04-012022-03-2208894797core:FurnitureFittings2021-04-012022-03-2208894797core:OfficeEquipment2021-04-012022-03-2208894797dpl:AdministrativeExpenses2021-04-012022-03-2208894797core:NetGoodwill2021-04-012022-03-2208894797core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-2208894797dpl:GroupUndertakings2021-04-012022-03-2208894797dpl:ParticipatingInterests2021-04-012022-03-2208894797dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-2208894797core:ListedExchangeTraded2021-04-012022-03-2208894797dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-2208894797core:UnlistedNon-exchangeTraded2021-04-012022-03-2208894797core:NetGoodwill2023-03-2108894797core:IntangibleAssetsOtherThanGoodwill2023-03-2108894797core:LandBuildings2023-03-2108894797core:PlantMachinery2023-03-2108894797core:Vehicles2023-03-2108894797core:FurnitureFittings2023-03-2108894797core:OfficeEquipment2023-03-2108894797core:AfterOneYear2023-03-2108894797core:WithinOneYear2023-03-2108894797core:ListedExchangeTraded2023-03-2108894797core:UnlistedNon-exchangeTraded2023-03-2108894797core:ShareCapital2023-03-2108894797core:SharePremium2023-03-2108894797core:RevaluationReserve2023-03-2108894797core:OtherReservesSubtotal2023-03-2108894797core:RetainedEarningsAccumulatedLosses2023-03-2108894797core:NetGoodwill2022-03-2208894797core:IntangibleAssetsOtherThanGoodwill2022-03-2208894797core:LandBuildings2022-03-2208894797core:PlantMachinery2022-03-2208894797core:Vehicles2022-03-2208894797core:FurnitureFittings2022-03-2208894797core:OfficeEquipment2022-03-2208894797core:AfterOneYear2022-03-2208894797core:WithinOneYear2022-03-2208894797core:ListedExc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LEXO PURPLE LTD

Registered Number
08894797
(England and Wales)

Unaudited Financial Statements for the Period ended
21 March 2023

LEXO PURPLE LTD
Company Information
for the period from 23 March 2022 to 21 March 2023

Directors

PATEL, Dipak Jayanand
PATEL, Hitesh Jayanand
PATEL, Jitendra Jayanand

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

08894797 (England and Wales)
LEXO PURPLE LTD
Balance Sheet as at
21 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets6447894
Tangible assets740,99463,173
41,44164,067
Current assets
Stocks87,0661,236
Debtors9953,1641,010,962
Current asset investments100200
Cash at bank and on hand175,09776,540
1,135,4271,088,938
Creditors amounts falling due within one year10(551,574)(711,094)
Net current assets (liabilities)583,853377,844
Total assets less current liabilities625,294441,911
Creditors amounts falling due after one year11(95,946)(111,456)
Provisions for liabilities12(3,361)(6,440)
Net assets525,987324,015
Capital and reserves
Called up share capital9090
Profit and loss account525,897323,925
Shareholders' funds525,987324,015
The financial statements were approved and authorised for issue by the Board of Directors on 10 March 2024, and are signed on its behalf by:
PATEL, Dipak Jayanand
Director
PATEL, Hitesh Jayanand
Director
PATEL, Jitendra Jayanand
Director

Registered Company No. 08894797
LEXO PURPLE LTD
Notes to the Financial Statements
for the period ended 21 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings5
Plant and machinery8
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Taxation policy
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 policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year33
6.Intangible assets

Other

Total

££
Cost or valuation
At 23 March 222,2382,238
At 21 March 232,2382,238
Amortisation and impairment
At 23 March 221,3441,344
Charge for year447447
At 21 March 231,7911,791
Net book value
At 21 March 23447447
At 22 March 22894894
7.Property, plant and equipment

Land & buildings

Plant & machinery

Total

£££
Cost or valuation
At 23 March 2228,15385,165113,318
Additions-2,4802,480
Disposals-(21,119)(21,119)
At 21 March 2328,15366,52694,679
Depreciation and impairment
At 23 March 2216,89233,25350,145
Charge for year5,6319,83015,461
On disposals-(11,921)(11,921)
At 21 March 2322,52331,16253,685
Net book value
At 21 March 235,63035,36440,994
At 22 March 2211,26151,91263,173
8.Stocks

2023

2022

££
Other stocks7,0661,236
Total7,0661,236
9.Debtors

2023

2022

££
Trade debtors / trade receivables14,12030,099
Other debtors937,407942,226
Prepayments and accrued income1,63738,637
Total953,1641,010,962
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables21,277167,373
Bank borrowings and overdrafts77,68623,862
Amounts owed to related parties180,883212,802
Other creditors267,178288,578
Accrued liabilities and deferred income4,55018,479
Total551,574711,094
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts95,946111,456
Total95,946111,456
12.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)3,3616,440
Total3,3616,440