Company Registration No. 05313561 (England and Wales)
Purple Patch Events London Ltd.
Unaudited accounts
for the year ended 31 December 2023
Purple Patch Events London Ltd.
Unaudited accounts
Contents
Purple Patch Events London Ltd.
Company Information
for the year ended 31 December 2023
Directors
Mr P Campbell
Mrs H Faulkner
Company Number
05313561 (England and Wales)
Registered Office
Suite1, Hardy House
Northbridge Road
Berkhamsted
Hertfordshire
HP4 1EF
United Kingdom
Accountants
CS Scott Accounting LLP
Suite 1, Hardy House
Northbridge Road
Berkhamsted
Hertfordshire
HP4 1EF
Purple Patch Events London Ltd.
Statement of financial position
as at 31 December 2023
Called up share capital not paid
4
4
Tangible assets
2,582
7,588
Cash at bank and in hand
128,178
423,525
Creditors: amounts falling due within one year
(112,262)
(450,323)
Net current assets
152,691
341,870
Total assets less current liabilities
155,277
349,462
Creditors: amounts falling due after more than one year
(11,844)
(22,492)
Net assets
143,433
326,970
Called up share capital
1,171
1,171
Profit and loss account
142,262
325,799
Shareholders' funds
143,433
326,970
For the year ending 31 December 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 3 May 2024 and were signed on its behalf by
Mr P Campbell
Director
Company Registration No. 05313561
Purple Patch Events London Ltd.
Notes to the Accounts
for the year ended 31 December 2023
Purple Patch Events London Ltd. is a private company, limited by shares, registered in England and Wales, registration number 05313561. The registered office is Suite1, Hardy House, Northbridge Road, Berkhamsted, Hertfordshire, HP4 1EF, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Computer equipment
33.3% straight line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the beenefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Purple Patch Events London Ltd.
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment
At 31 December 2023
19,025
At 31 December 2023
16,443
Amounts falling due within one year
Trade debtors
105,984
324,800
Accrued income and prepayments
-
61
Other debtors
30,791
33,138
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,648
10,648
Trade creditors
65,708
313,349
Taxes and social security
18,752
85,555
Loans from directors
10,209
40,771
7
Creditors: amounts falling due after more than one year
2023
2022
Purple Patch Events London Ltd.
Notes to the Accounts
for the year ended 31 December 2023
Allotted, called up and fully paid:
1,167 Ordinary shares of £1 each
1,167
1,167
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
32,157
-
-
32,157
10
Average number of employees
During the year the average number of employees was 8 (2022: 8).