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Company Registration No. 14694385 (England and Wales)
Purple Rock Trading Ltd Unaudited accounts for the year ended 29 February 2024
Purple Rock Trading Ltd Unaudited accounts Contents
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Purple Rock Trading Ltd Company Information for the year ended 29 February 2024
Director
Mohammed Ayaz Shezaad Karim
Company Number
14694385 (England and Wales)
Registered Office
3 Fenton Close Oadby LE2 5WU England
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Purple Rock Trading Ltd Statement of financial position as at 29 February 2024
2024 
Notes
£ 
Current assets
Inventories
6,000 
Debtors
3,907 
Cash at bank and in hand
51 
9,958 
Creditors: amounts falling due within one year
(12,558)
Net current liabilities
(2,600)
Net liabilities
(2,600)
Capital and reserves
Called up share capital
1 
Profit and loss account
(2,601)
Shareholders' funds
(2,600)
For the year ending 29 February 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 November 2024 and were signed on its behalf by
Mohammed Ayaz Shezaad Karim Director Company Registration No. 14694385
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Purple Rock Trading Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Purple Rock Trading Ltd is a private company, limited by shares, registered in England and Wales, registration number 14694385. The registered office is 3 Fenton Close, Oadby, LE2 5WU, England.
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 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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.
4
Debtors
2024 
£ 
Amounts falling due within one year
VAT
3,907 
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Purple Rock Trading Ltd Notes to the Accounts for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
5,562 
Other creditors
690 
Loans from directors
5,537 
Accruals
769 
12,558 
6
Share capital
2024 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
Shares issued during the period:
1 Ordinary shares of £1 each
1 
7
Average number of employees
During the year the average number of employees was 1.
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