Registered number
12800454
PURPLE BEES LTD
Filleted Accounts
31 August 2023
PURPLE BEES LTD
Registered number: 12800454
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 54,720 72,960
Tangible assets 4 6,180 9,270
60,900 82,230
Current assets
Debtors 5 30,169 5,938
Cash at bank and in hand 14,002 43,246
44,171 49,184
Creditors: amounts falling due within one year 6 (115,082) (94,276)
Net current liabilities (70,911) (45,092)
Net (liabilities)/assets (10,011) 37,138
Capital and reserves
Called up share capital 1 1
Profit and loss account (10,012) 37,137
Shareholder's funds (10,011) 37,138
The directors are 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 directors acknowledge their 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.
Mrs Sukhdeep Kaur SHETRA
Director
Approved by the board on 23 August 2024
PURPLE BEES LTD
Notes to the Accounts
for the year ended 31 August 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
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 32 40
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2022 91,200
At 31 August 2023 91,200
Amortisation
At 1 September 2022 18,240
Provided during the year 18,240
At 31 August 2023 36,480
Net book value
At 31 August 2023 54,720
At 31 August 2022 72,960
Goodwill and intellectual propety is being written off in equal annual instalments over its estimated economic life of 5 years and included as other direct cost.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 15,450
At 31 August 2023 15,450
Depreciation
At 1 September 2022 6,180
Charge for the year 3,090
At 31 August 2023 9,270
Net book value
At 31 August 2023 6,180
At 31 August 2022 9,270
5 Debtors 2023 2022
£ £
Trade debtors 17,969 -
Other debtors 12,200 5,938
30,169 5,938
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 17,715 8,000
Taxation and social security costs 12,664 8,007
Other creditors 84,703 78,269
115,082 94,276
7 Related party transactions
The management fee was paid £58,078 (2022: £66,919 other creditors including a £54,210 (2022: £70,050) balance payable at the year-end, to Purple Bees (Hounslow) Ltd, a company incorporated in England and Wales and controlled by close members of the directors Mrs. SK Shetra and the sole shareholder Mrs. GK Sidhu.

The company has been using the business premises owned by Jaujar Investments Ltd which is controlled by the close family members of the director Mrs.SK Shetra and the sole shareholder Mrs.G K Sidhu. The rent for the premises payable was £42,500 (2022:£48,000)
8 Controlling party
The company is under the control of Mrs G K Sidhu and her family.
9 Other information
PURPLE BEES LTD is a private company limited by shares and incorporated in England. Its registered office is:
3 Craneswater Park
Southall
UB2 5RW
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