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REGISTERED NUMBER: 03237337 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PURPLE MONSTER TRAINING LIMITED

PURPLE MONSTER TRAINING LIMITED (REGISTERED NUMBER: 03237337)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PURPLE MONSTER TRAINING LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr R Fritz
Mr A M Heap
Mrs A A Patchett





REGISTERED OFFICE: 3 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
CV34 6LW





REGISTERED NUMBER: 03237337 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

PURPLE MONSTER TRAINING LIMITED (REGISTERED NUMBER: 03237337)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 891 1,180
Tangible assets 5 118,771 98,442
Investments 6 5,000 -
124,662 99,622

CURRENT ASSETS
Debtors 7 497,228 550,009
Cash at bank 330,837 153,562
828,065 703,571
CREDITORS
Amounts falling due within one year 8 415,431 245,091
NET CURRENT ASSETS 412,634 458,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

537,296

558,102

CREDITORS
Amounts falling due after more than one
year

9

-

(21,807

)

PROVISIONS FOR LIABILITIES (25,169 ) (13,452 )
NET ASSETS 512,127 522,843

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 511,127 521,843
SHAREHOLDERS' FUNDS 512,127 522,843

PURPLE MONSTER TRAINING LIMITED (REGISTERED NUMBER: 03237337)

BALANCE SHEET - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 11 September 2024 and were signed on its behalf by:




Mr R Fritz - Director



Mr A M Heap - Director


PURPLE MONSTER TRAINING LIMITED (REGISTERED NUMBER: 03237337)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Purple Monster Training 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Studio Leasehold Improvements - Over the term of the lease
Website - 20% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year 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 year 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.

PURPLE MONSTER TRAINING LIMITED (REGISTERED NUMBER: 03237337)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2023
and 31 December 2023 2,890
AMORTISATION
At 1 January 2023 1,710
Amortisation for year 289
At 31 December 2023 1,999
NET BOOK VALUE
At 31 December 2023 891
At 31 December 2022 1,180

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 56,004 141,061 197,065
Additions 5,000 62,487 67,487
Disposals - (11,168 ) (11,168 )
At 31 December 2023 61,004 192,380 253,384
DEPRECIATION
At 1 January 2023 21,298 77,325 98,623
Charge for year 12,867 34,291 47,158
Eliminated on disposal - (11,168 ) (11,168 )
At 31 December 2023 34,165 100,448 134,613
NET BOOK VALUE
At 31 December 2023 26,839 91,932 118,771
At 31 December 2022 34,706 63,736 98,442

PURPLE MONSTER TRAINING LIMITED (REGISTERED NUMBER: 03237337)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 5,000
At 31 December 2023 5,000
NET BOOK VALUE
At 31 December 2023 5,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 426,749 488,333
Other debtors 70,479 61,676
497,228 550,009

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 10) 19,150 3,210
Trade creditors 2,408 40,673
Taxation and social security 16,970 29,676
Other creditors 376,903 171,532
415,431 245,091

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 10) - 21,807

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 19,150 3,210
Between one and five years - 21,807
19,150 25,017

PURPLE MONSTER TRAINING LIMITED (REGISTERED NUMBER: 03237337)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


10. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 21,420 21,420
Between one and five years 21,420 42,840
42,840 64,260

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr A M Heap
Balance outstanding at start of year 2,320 7,000
Amounts advanced 8,243 7,320
Amounts repaid (5,282 ) (12,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,281 2,320

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A M Heap.