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Company Registration No. 13142668 (England and Wales)
The Purple Roofing Company Limited Unaudited accounts for the year ended 31 January 2024
The Purple Roofing Company Limited Unaudited accounts Contents
Page
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The Purple Roofing Company Limited Company Information for the year ended 31 January 2024
Director
Matthew Ford
Company Number
13142668 (England and Wales)
Registered Office
Unit 8, West Bradford Industrial Park Barnes Road Bradford West Yorkshire BD8 9TG
Accountants
Small Business Accountancy 18 Stoney Hill Rastrick Brighouse West Yorkshire HD6 3BP
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The Purple Roofing Company Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
87,964 
12,809 
Current assets
Inventories
17,510 
850 
Debtors
77,353 
14,069 
Cash at bank and in hand
12,835 
26,164 
107,698 
41,083 
Creditors: amounts falling due within one year
(128,101)
(50,142)
Net current liabilities
(20,403)
(9,059)
Total assets less current liabilities
67,561 
3,750 
Creditors: amounts falling due after more than one year
(63,379)
- 
Provisions for liabilities
Deferred tax
(2,846)
(894)
Net assets
1,336 
2,856 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,236 
2,756 
Shareholders' funds
1,336 
2,856 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 April 2024 and were signed on its behalf by
Matthew Ford Director Company Registration No. 13142668
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The Purple Roofing Company Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
The Purple Roofing Company Limited is a private company, limited by shares, registered in England and Wales, registration number 13142668. The registered office is Unit 8, West Bradford Industrial Park, Barnes Road, Bradford, West Yorkshire, BD8 9TG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
10% Straight Line
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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The Purple Roofing Company Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2023
4,974 
10,600 
- 
2,816 
18,390 
Additions
7,041 
88,910 
4,702 
517 
101,170 
Disposals
- 
(7,000)
- 
- 
(7,000)
At 31 January 2024
12,015 
92,510 
4,702 
3,333 
112,560 
Depreciation
At 1 February 2023
1,227 
3,249 
- 
1,105 
5,581 
Charge for the year
2,158 
18,357 
471 
558 
21,544 
On disposals
- 
(2,529)
- 
- 
(2,529)
At 31 January 2024
3,385 
19,077 
471 
1,663 
24,596 
Net book value
At 31 January 2024
8,630 
73,433 
4,231 
1,670 
87,964 
At 31 January 2023
3,747 
7,351 
- 
1,711 
12,809 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
69,769 
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
66,976 
8,762 
Accrued income and prepayments
8,311 
244 
Other debtors
2,066 
5,063 
77,353 
14,069 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
15,000 
- 
VAT
30,910 
18,637 
Obligations under finance leases and hire purchase contracts
15,540 
- 
Trade creditors
47,435 
10,598 
Taxes and social security
3,277 
3,640 
Other creditors
5,996 
7,014 
Loans from directors
- 
4,638 
Accruals
9,943 
5,615 
128,101 
50,142 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
63,379 
- 
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The Purple Roofing Company Limited Notes to the Accounts for the year ended 31 January 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
2,846 
894 
2024 
2023 
£ 
£ 
Provision at start of year
894 
292 
Charged to the profit and loss account
1,952 
602 
Provision at end of year
2,846 
894 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 January 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
6,139 
5,513 
Later than one year and not later than five years
19,951 
- 
26,090 
5,513 
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Matthew Ford
Loan to Director
- 
2,066 
- 
2,066 
- 
2,066 
- 
2,066 
Overdrawn Directors Loan Account as at 31st January 2024. Repaid within 9 months and 1 day following the end of the Accounting Period.
12
Transactions with related parties
During the year, total dividends of £8,470 (2023: £2,000) were paid to the director.
13
Average number of employees
During the year the average number of employees was 7 (2023: 6).
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