Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29false2023-03-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08875874 2023-03-01 2024-02-29 08875874 2022-03-01 2023-02-28 08875874 2024-02-29 08875874 2023-02-28 08875874 c:Director1 2023-03-01 2024-02-29 08875874 d:ComputerEquipment 2023-03-01 2024-02-29 08875874 d:ComputerEquipment 2024-02-29 08875874 d:ComputerEquipment 2023-02-28 08875874 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 08875874 d:CurrentFinancialInstruments 2024-02-29 08875874 d:CurrentFinancialInstruments 2023-02-28 08875874 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 08875874 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08875874 d:ShareCapital 2024-02-29 08875874 d:ShareCapital 2023-02-28 08875874 d:RetainedEarningsAccumulatedLosses 2024-02-29 08875874 d:RetainedEarningsAccumulatedLosses 2023-02-28 08875874 c:FRS102 2023-03-01 2024-02-29 08875874 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08875874 c:FullAccounts 2023-03-01 2024-02-29 08875874 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08875874 2 2023-03-01 2024-02-29 08875874 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 08875874









PURPLE MISAKI LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
PURPLE MISAKI LTD
REGISTERED NUMBER: 08875874

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,085
1,445

  
1,085
1,445

Current assets
  

Debtors: amounts falling due within one year
 5 
33,836
44,875

Cash at bank and in hand
 6 
1,119,102
890,521

  
1,152,938
935,396

Creditors: amounts falling due within one year
 7 
(83,385)
(67,508)

Net current assets
  
 
 
1,069,553
 
 
867,888

Total assets less current liabilities
  
1,070,638
869,333

  

Net assets
  
1,070,638
869,333


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,070,538
869,233

  
1,070,638
869,333


Page 1

 
PURPLE MISAKI LTD
REGISTERED NUMBER: 08875874
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
MA Monica
Director

Date: 22 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PURPLE MISAKI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Purple Misaki Ltd is a private company limited by shares. The company is incorporated in England and Wales and the address of its registered office is 30 Cholmeley Crescent, London, N6 5HA. The registered number is 08875874.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
PURPLE MISAKI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
PURPLE MISAKI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees

2024
2023
£
£

Wages and salaries
11,458
9,833

Social security costs
325
-

Cost of defined contribution scheme
10,000
-

21,783
9,833


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets







Computer equipment

£



Cost or valuation


At 1 March 2023
1,898



At 29 February 2024

1,898



Depreciation


At 1 March 2023
452


Charge for the year on owned assets
361



At 29 February 2024

813



Net book value



At 29 February 2024
1,085



At 28 February 2023
1,445

Page 5

 
PURPLE MISAKI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
33,326
44,875

Other debtors
510
-

33,836
44,875



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
1,119,102
890,521

1,119,102
890,521



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Corporation tax
65,408
47,811

Other taxation and social security
16,477
15,763

Other creditors
-
2,434

Accruals and deferred income
1,500
1,500

83,385
67,508



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £10,000 (2023 - £NIL)

 
Page 6