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
The Purple Roofing Company Limited
Company Information
for the year ended 31 January 2024
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
The Purple Roofing Company Limited
Statement of financial position
as at 31 January 2024
Tangible assets
87,964
12,809
Cash at bank and in hand
12,835
26,164
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
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
The Purple Roofing Company Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
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 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.
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
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
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
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Trade debtors
66,976
8,762
Accrued income and prepayments
8,311
244
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
15,000
-
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
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
63,379
-
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
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
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
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
-
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).