Company registration number 4592276 (England and Wales)
Purple Cat Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
Purple Cat Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Purple Cat Ltd
Statement Of Financial Position
as at 31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,184
2,526
Current assets
Stocks
4,486
4,927
Debtors
69,135
186,424
Cash at bank and in hand
117,775
149,433
191,396
340,784
Creditors: amounts falling due within one year
(150,334)
(300,823)
Net current assets
41,062
39,961
Net assets
43,246
42,487
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
43,236
42,477
Total equity
43,246
42,487
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 9 August 2024 and are signed on its behalf by:
J Knowles
Director
Company registration number 4592276 (England and Wales)
Purple Cat Ltd
Notes to the Financial Statements
for the year ended 31 March 2024
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
20% reducing balance
Office equipment
20% reducing balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
Purple Cat Ltd
Notes to the Financial Statements (continued)
for the year ended 31 March 2024
- 3 -
3
Tangible fixed assets
Fixtures and fittings
Office equipment
Total
£
£
£
Cost
At 1 April 2023
5,595
17,789
23,384
Additions
204
204
At 31 March 2024
5,595
17,993
23,588
Depreciation and impairment
At 1 April 2023
3,773
17,085
20,858
Depreciation charged in the year
365
181
546
At 31 March 2024
4,138
17,266
21,404
Carrying amount
At 31 March 2024
1,457
727
2,184
At 31 March 2023
1,822
704
2,526
4
Company information
Purple Cat Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 8 New Street, Ossett, West Yorkshire, WF5 8BH.