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REGISTERED NUMBER: 10637164 (England and Wales)














Unaudited Financial Statements

for the Period

25 February 2022 to 23 February 2023

for

Think Purple Training and Recruitment
EST. 2001 Limited

Think Purple Training and Recruitment
EST. 2001 Limited (Registered number: 10637164)






Contents of the Financial Statements
for the Period 25 February 2022 to 23 February 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Think Purple Training and Recruitment
EST. 2001 Limited (Registered number: 10637164)

Balance Sheet
23 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,140 34,853

CURRENT ASSETS
Debtors 5 195,249 191,474
Cash at bank and in hand 63,335 10,001
258,584 201,475
CREDITORS
Amounts falling due within one year 6 357,904 277,395
NET CURRENT LIABILITIES (99,320 ) (75,920 )
TOTAL ASSETS LESS CURRENT LIABILITIES (73,180 ) (41,067 )

CREDITORS
Amounts falling due after more than one year 7 22,500 32,500
NET LIABILITIES (95,680 ) (73,567 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (95,780 ) (73,667 )
SHAREHOLDERS' FUNDS (95,680 ) (73,567 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 23 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 23 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 February 2024 and were signed by:





Mrs T J Tideswell - Director


Think Purple Training and Recruitment
EST. 2001 Limited (Registered number: 10637164)

Notes to the Financial Statements
for the Period 25 February 2022 to 23 February 2023

1. STATUTORY INFORMATION

Think Purple Training and Recruitment EST. 2001 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10637164

Registered office: C/O Envisage
The Brickworks
Brick Kiln Lane
Stoke-on-Trent
Staffordshire
ST4 7BS

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis notwithstanding the deficit in net assets.The director notes the balance sheet position and is satisfied that the shareholders are prepared to continue to support the development of the company for the next 12 months.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Think Purple Training and Recruitment
EST. 2001 Limited (Registered number: 10637164)

Notes to the Financial Statements - continued
for the Period 25 February 2022 to 23 February 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 25 February 2022
and 23 February 2023 51,195
DEPRECIATION
At 25 February 2022 16,342
Charge for period 8,713
At 23 February 2023 25,055
NET BOOK VALUE
At 23 February 2023 26,140
At 24 February 2022 34,853

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 174,158 136,577
Other debtors 21,091 54,897
195,249 191,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,169
Trade creditors 5,402 -
Taxation and social security 166,906 159,397
Other creditors 175,596 107,829
357,904 277,395

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 22,500 32,500

Think Purple Training and Recruitment
EST. 2001 Limited (Registered number: 10637164)

Notes to the Financial Statements - continued
for the Period 25 February 2022 to 23 February 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Factoring Facility 133,919 102,929

Bibby Financial Services Ltd have a fixed and floating charge over all the assets owned by Think Purple Training & Recruitment Est. 2001 Ltd.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 23 February 2023 and the year ended 24 February 2022:

2023 2022
£    £   
Mrs T J Tideswell
Balance outstanding at start of period 17,683 48,713
Amounts advanced - 194,569
Amounts repaid (17,683 ) (225,599 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 17,683