Registered number
09888826
Purposefully Blended Limited
Unaudited Filleted Accounts
30 November 2023
Purposefully Blended Limited
Registered number: 09888826
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,872 4,583
Current assets
Debtors 4 9,346 12,834
Cash at bank and in hand 32,871 51,325
42,217 64,159
Creditors: amounts falling due within one year 5 (13,233) (20,294)
Net current assets 28,984 43,865
Total assets less current liabilities 31,856 48,448
Provisions for liabilities (546) (578)
Net assets 31,310 47,870
Capital and reserves
Called up share capital 100 100
Profit and loss account 31,210 47,770
Shareholder's funds 31,310 47,870
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Lucy Philip
Director
Approved by the board on 2 August 2024
Purposefully Blended Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
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).
Turnover
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 rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment
£
Cost
At 1 December 2022 7,133
At 30 November 2023 7,133
Depreciation
At 1 December 2022 2,550
Charge for the year 1,711
At 30 November 2023 4,261
Net book value
At 30 November 2023 2,872
At 30 November 2022 4,583
4 Debtors 2023 2022
£ £
Trade debtors 8,394 11,239
Other debtors 952 1,595
9,346 12,834
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,106 1,261
Taxation and social security costs 9,523 18,079
Other creditors 1,604 954
13,233 20,294
6 Other information
Purposefully Blended Limited is a private company limited by shares and incorporated in England. Its registered office is:
96 Monson Road
Redhill
Surrey
RH1 2EZ
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