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REGISTERED NUMBER: 13557750 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2023 TO 31 MARCH 2024

FOR

PURPLE ASH MEDIA LIMITED

PURPLE ASH MEDIA LIMITED (REGISTERED NUMBER: 13557750)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2023 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PURPLE ASH MEDIA LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2023 TO 31 MARCH 2024







DIRECTORS: C.J. Bassett
C W Bennett





REGISTERED OFFICE: Second Floor South
The Fitted Rigging House
Anchor Wharf, The Historic Dockyard
Chatham
Kent
ME4 4TZ





REGISTERED NUMBER: 13557750 (England and Wales)





ACCOUNTANTS: Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ

PURPLE ASH MEDIA LIMITED (REGISTERED NUMBER: 13557750)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,111 3,702

CURRENT ASSETS
Debtors 5 177,195 253,901
Cash at bank and in hand 94,087 203,050
271,282 456,951
CREDITORS
Amounts falling due within one year 6 271,711 561,021
NET CURRENT LIABILITIES (429 ) (104,070 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,682

(100,368

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,582 (100,468 )
SHAREHOLDERS' FUNDS 2,682 (100,368 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:





C.J. Bassett - Director


PURPLE ASH MEDIA LIMITED (REGISTERED NUMBER: 13557750)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Purple Ash Media Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 accounts have been prepared on a going concern basis as the directors have agreed to meet the liabilities of the company as they fall due.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

PURPLE ASH MEDIA LIMITED (REGISTERED NUMBER: 13557750)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 March 2024 4,728
DEPRECIATION
At 1 September 2023 1,026
Charge for period 591
At 31 March 2024 1,617
NET BOOK VALUE
At 31 March 2024 3,111
At 31 August 2023 3,702

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,982 72,890
Other debtors 114,213 181,011
177,195 253,901

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 27,342 38,893
Taxation and social security 5,003 30,523
Other creditors 239,366 491,605
271,711 561,021

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

During the period the company made sales of £Nil (2023 : £1,900) to and purchases amounting to £134,431 (2023 :£196,823) from Fusion Media (Europe) Limited, a company which Mr C Bassett is a director and shareholder. At the year end the company owed £12,778 (2023 : ( £1,362)) to Fusion Media (Europe) Limited.

During the year the company purchased services amounting to £Nil (2023 : £16,000) from Mr C Bennett. No money was owed to Mr C Bennett at the year end.