Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false42023-04-01Sound editorial services4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12515644 2023-04-01 2024-03-31 12515644 2022-04-01 2023-03-31 12515644 2024-03-31 12515644 2023-03-31 12515644 c:Director1 2023-04-01 2024-03-31 12515644 d:PlantMachinery 2023-04-01 2024-03-31 12515644 d:PlantMachinery 2024-03-31 12515644 d:PlantMachinery 2023-03-31 12515644 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12515644 d:OfficeEquipment 2023-04-01 2024-03-31 12515644 d:OfficeEquipment 2024-03-31 12515644 d:OfficeEquipment 2023-03-31 12515644 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12515644 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12515644 d:Goodwill 2024-03-31 12515644 d:Goodwill 2023-03-31 12515644 d:CurrentFinancialInstruments 2024-03-31 12515644 d:CurrentFinancialInstruments 2023-03-31 12515644 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12515644 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12515644 d:ShareCapital 2024-03-31 12515644 d:ShareCapital 2023-03-31 12515644 d:RetainedEarningsAccumulatedLosses 2024-03-31 12515644 d:RetainedEarningsAccumulatedLosses 2023-03-31 12515644 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12515644 c:OrdinaryShareClass1 2024-03-31 12515644 c:OrdinaryShareClass1 2023-03-31 12515644 c:FRS102 2023-04-01 2024-03-31 12515644 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12515644 c:FullAccounts 2023-04-01 2024-03-31 12515644 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12515644 2 2023-04-01 2024-03-31 12515644 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 12515644 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12515644














PURPLE FADES LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
PURPLE FADES LTD
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 
PURPLE FADES LTD
REGISTERED NUMBER:12515644

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
2,000
4,000

Tangible assets
 5 
19,062
25,663

  
21,062
29,663

Current assets
  

Debtors: amounts falling due within one year
 6 
14,301
21,639

Cash at bank and in hand
  
91,888
169,995

  
106,189
191,634

Creditors: amounts falling due within one year
 7 
(19,688)
(45,954)

Net current assets
  
 
 
86,501
 
 
145,680

  

Net assets
  
107,563
175,343


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
107,463
175,243

  
107,563
175,343


Page 1

 
PURPLE FADES LTD
REGISTERED NUMBER:12515644
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 November 2024.




N Hartstone
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PURPLE FADES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Purple Fades Limited is a limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.

The principal activity of the company was that of sound editing services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
PURPLE FADES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Comprehensive Income over its useful economic life.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

Page 4

 
PURPLE FADES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Creditors

Short term creditors are measured at the transaction price.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
10,000



At 31 March 2024

10,000



Amortisation


At 1 April 2023
6,000


Charge for the year on owned assets
2,000



At 31 March 2024

8,000



Net book value



At 31 March 2024
2,000



At 31 March 2023
4,000



Page 5

 
PURPLE FADES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost 


At 1 April 2023
11,793
24,600
36,393


Additions
344
1,783
2,127



At 31 March 2024

12,137
26,383
38,520



Depreciation


At 1 April 2023
4,106
6,624
10,730


Charge for the year on owned assets
2,364
6,364
8,728



At 31 March 2024

6,470
12,988
19,458



Net book value



At 31 March 2024
5,667
13,395
19,062



At 31 March 2023
7,687
17,976
25,663


6.


Debtors

2024
2023
£
£


Trade debtors
14,211
18,549

Prepayments and accrued income
90
3,090

14,301
21,639


Page 6

 
PURPLE FADES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,680
-

Taxation and social security
8,770
38,851

Other creditors
3,768
4,776

Accruals and deferred income
2,470
2,327

19,688
45,954



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100


 
Page 7