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COMPANY REGISTRATION NUMBER: 08775604
PURPLE GIRDER LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 November 2023
PURPLE GIRDER LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2023
Contents
Pages
Balance sheet 1 to 2
Notes to the financial statements 3 to 5
PURPLE GIRDER LIMITED
BALANCE SHEET
30 November 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
247,777
223,891
Current assets
Debtors
6
12,744
10,623
Cash at bank and in hand
13,131
45,617
------------
------------
25,875
56,240
Creditors: amounts falling due within one year
7
( 87,948)
( 91,008)
------------
------------
Net current liabilities
( 62,073)
( 34,768)
------------
------------
Total assets less current liabilities
185,704
189,123
Creditors: amounts falling due after more than one year
8
( 72,093)
( 80,088)
Provisions
Taxation including deferred tax
9
( 5,971)
------------
------------
Net assets
107,640
109,035
------------
------------
Capital and reserves
Called up share capital
11
120
120
Profit and loss account
107,520
108,915
------------
------------
Shareholders funds
107,640
109,035
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PURPLE GIRDER LIMITED
BALANCE SHEET (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 18 September 2024 , and are signed on behalf of the board by:
I Foxon
Director
Company registration number: 08775604
PURPLE GIRDER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investment property
Investment property is initially recorded at cost and is subject to an annual impairment review. The directors do not consider that the time and expense involved in undertaking regular revaluations can be justified.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Turnover
The company's turnover is derived entirely within the United Kingdom.
5. Tangible assets
Investment property
Plant and machinery
Total
£
£
£
Cost
At 1 December 2022
223,891
223,891
Additions
23,886
23,886
------------
------------
------------
At 30 November 2023
223,891
23,886
247,777
------------
------------
------------
Depreciation
At 1 December 2022 and 30 November 2023
------------
------------
------------
Carrying amount
At 30 November 2023
223,891
23,886
247,777
------------
------------
------------
At 30 November 2022
223,891
223,891
------------
------------
------------
6. Debtors
2023
2022
£
£
Trade debtors
11,224
9,935
Prepayments and accrued income
1,520
688
------------
------------
12,744
10,623
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loan (secured)
9,067
9,663
Accruals and deferred income
2,070
1,584
Corporation tax
2,494
7,007
Social security and other taxes
4,437
2,874
Director loan accounts
69,880
69,880
------------
------------
87,948
91,008
------------
------------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loan (secured)
72,093
80,088
------------
------------
Part of the bank loan is repayable more than five years after the balance sheet date.
9. Provisions
Deferred tax (note 10)
£
At 1 December 2022
Additions
5,971
------------
At 30 November 2023
5,971
------------
10. Deferred tax
The deferred tax included in the balance sheet is as follows:
2023
2022
£
£
Included in provisions (note 9)
5,971
------------
------------
The deferred tax account consists of the tax effect of timing differences in respect of:
2023
2022
£
£
Accelerated capital allowances
5,971
------------
------------
11. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
120
120
120
120
------------
------------
------------
------------
12. Related party transactions
The bank loan is partly secured by a cross guarantee and debenture provided by The Beat-Herder Limited, a company controlled by the directors. The directors' loans above are unsecured, repayable on demand and currently interest-free. There is no one controlling party of the company.