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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
Page
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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
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Purple Patch Events London Ltd. Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
4 
4 
Fixed assets
Tangible assets
2,582 
7,588 
Current assets
Debtors
136,775 
368,668 
Cash at bank and in hand
128,178 
423,525 
264,953 
792,193 
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 
Capital and reserves
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
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Purple Patch Events London Ltd. Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
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 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
Foreign exchange
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.
Pension costs
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.
Leased assets
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.
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Purple Patch Events London Ltd. Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
20,520 
Disposals
(1,495)
At 31 December 2023
19,025 
Depreciation
At 1 January 2023
12,932 
Charge for the year
3,511 
At 31 December 2023
16,443 
Net book value
At 31 December 2023
2,582 
At 31 December 2022
7,588 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
10,669 
Trade debtors
105,984 
324,800 
Accrued income and prepayments
- 
61 
Other debtors
30,791 
33,138 
136,775 
368,668 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,648 
10,648 
VAT
6,945 
- 
Trade creditors
65,708 
313,349 
Taxes and social security
18,752 
85,555 
Loans from directors
10,209 
40,771 
112,262 
450,323 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,844 
22,492 
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Purple Patch Events London Ltd. Notes to the Accounts for the year ended 31 December 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,167 Ordinary shares of £1 each
1,167 
1,167 
1 B share of £1 each
1 
1 
1 C share of £1 each
1 
1 
1 D share of £1 each
1 
1 
1 E share of £1 each
1 
1 
1,171 
1,171 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr P Campbell
Directors Loan
32,157 
- 
- 
32,157 
32,157 
- 
- 
32,157 
10
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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