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REGISTERED NUMBER: 14904222 (England and Wales)















Unaudited Financial Statements

for the Period 30 May 2023 to 31 May 2024

for

Purplecloth Limited

Purplecloth Limited (Registered number: 14904222)






Contents of the Financial Statements
for the Period 30 May 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Purplecloth Limited

Company Information
for the Period 30 May 2023 to 31 May 2024







DIRECTOR: Miss L Loh





REGISTERED OFFICE: 137 Deansbrook Road
Edgware
Middlesex
HA8 9BS





REGISTERED NUMBER: 14904222 (England and Wales)

Purplecloth Limited (Registered number: 14904222)

Balance Sheet
31 May 2024

Notes £   
CURRENT ASSETS
Debtors 4 4,692
Cash at bank 342
5,034
CREDITORS
Amounts falling due within one year 5 1,675
NET CURRENT ASSETS 3,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,359

CAPITAL AND RESERVES
Called up share capital 6 10
Retained earnings 3,349
SHAREHOLDERS' FUNDS 3,359

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

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

The director acknowledges her 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 director and authorised for issue on 13 September 2024 and were signed by:





Miss L Loh - Director


Purplecloth Limited (Registered number: 14904222)

Notes to the Financial Statements
for the Period 30 May 2023 to 31 May 2024

1. STATUTORY INFORMATION

Purplecloth 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.

Turnover represents grants receivable during the period.

Grants are accounted under the accruals models as permitted by FRS102 Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

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 1 .

Purplecloth Limited (Registered number: 14904222)

Notes to the Financial Statements - continued
for the Period 30 May 2023 to 31 May 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 4,692

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 1,041
Other creditors 634
1,675

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
10 Ordinary £1 10

10 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period, payments were made by the director to the company amounting to £3,825 and drawings of £8,517 were made. This left an overdrawn balance of £4,692 as at 31 May 2024 which had been repaid since the period end. No interest has been charged on this balance.