Registered number
11578724
Purplek Ltd
Filleted Accounts
31 March 2024
Purplek Ltd
Registered number: 11578724
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 4,600 5,750
Tangible assets 4 4,291 5,145
8,891 10,895
Current assets
Debtors 5 193 2,604
Cash at bank and in hand 10,839 23,771
11,032 26,375
Creditors: amounts falling due within one year 6 (4,195) (9,222)
Net current assets 6,837 17,153
Net assets 15,728 28,048
Capital and reserves
Called up share capital 2 2
Profit and loss account 15,726 28,046
Shareholders' funds 15,728 28,048
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K Downey
Director
Approved by the board on 17 November 2024
Purplek Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 11,500
At 31 March 2024 11,500
Amortisation
At 1 April 2023 5,750
Provided during the year 1,150
At 31 March 2024 6,900
Net book value
At 31 March 2024 4,600
At 31 March 2023 5,750
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 8,516
Additions 396
Disposals (344)
At 31 March 2024 8,568
Depreciation
At 1 April 2023 3,371
Charge for the year 1,074
On disposals (168)
At 31 March 2024 4,277
Net book value
At 31 March 2024 4,291
At 31 March 2023 5,145
5 Debtors 2024 2023
£ £
Other debtors 193 2,604
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,626 7,859
Other creditors 1,569 1,363
4,195 9,222
7 Other information
Purplek Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Demar House, 14 Church Road
East Wittering
Chichester
West Sussex
PO20 8PS
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