Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2022 1 September 2021 false 1 September 2022 29 February 2024 29 February 2024 10928091 Ms Z L Findon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10928091 2022-08-31 10928091 2024-02-29 10928091 2022-09-01 2024-02-29 10928091 frs-core:CurrentFinancialInstruments 2024-02-29 10928091 frs-core:ComputerEquipment 2022-09-01 2024-02-29 10928091 frs-core:FurnitureFittings 2022-09-01 2024-02-29 10928091 frs-core:PlantMachinery 2024-02-29 10928091 frs-core:PlantMachinery 2022-09-01 2024-02-29 10928091 frs-core:PlantMachinery 2022-08-31 10928091 frs-core:ShareCapital 2024-02-29 10928091 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10928091 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2024-02-29 10928091 frs-bus:FilletedAccounts 2022-09-01 2024-02-29 10928091 frs-bus:SmallEntities 2022-09-01 2024-02-29 10928091 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2024-02-29 10928091 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2024-02-29 10928091 frs-bus:Director1 2022-09-01 2024-02-29 10928091 frs-bus:Director1 2022-08-31 10928091 frs-bus:Director1 2024-02-29 10928091 frs-countries:EnglandWales 2022-09-01 2024-02-29 10928091 2021-08-31 10928091 2022-08-31 10928091 2021-09-01 2022-08-31 10928091 frs-core:CurrentFinancialInstruments 2022-08-31 10928091 frs-core:ShareCapital 2022-08-31 10928091 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 10928091
Purple Patch PMO Limited
Unaudited Financial Statements
For the Period 1 September 2022 to 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10928091
29 February 2024 31 August 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 647 1,626
647 1,626
CURRENT ASSETS
Debtors 5 32,262 20,316
Cash at bank and in hand 1,203 10,653
33,465 30,969
Creditors: Amounts Falling Due Within One Year 6 (33,367 ) (31,365 )
NET CURRENT ASSETS (LIABILITIES) 98 (396 )
TOTAL ASSETS LESS CURRENT LIABILITIES 745 1,230
PROVISIONS FOR LIABILITIES
Deferred Taxation (123 ) (309 )
NET ASSETS 622 921
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 621 920
SHAREHOLDERS' FUNDS 622 921
Page 1
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For the period 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Z L Findon
Director
25/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Purple Patch PMO Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10928091 . The registered office is 7 The Maltings, Denmark Road, Cowes, Isle of Wight, PO31 7FQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 50% Reducing Balance
Computer Equipment 33.33% Straight Line
2.4. Leasing and Hire Purchase Contracts
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
2.5. Financial Instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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2.6. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
2.7. Share Capital & Dividends
Share capital 
Ordinary shares are classified as equity. Equity instruments are measured at fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. 
Dividends 
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared. 
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 September 2022 4,309
Additions 697
As at 29 February 2024 5,006
Depreciation
As at 1 September 2022 2,683
Provided during the period 1,676
As at 29 February 2024 4,359
Net Book Value
As at 29 February 2024 647
As at 1 September 2022 1,626
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5. Debtors
29 February 2024 31 August 2022
£ £
Due within one year
Trade debtors - 240
Other debtors 32,262 20,076
32,262 20,316
6. Creditors: Amounts Falling Due Within One Year
29 February 2024 31 August 2022
£ £
Taxation and social security 33,367 31,365
7. Share Capital
29 February 2024 31 August 2022
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2022 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Ms Zoe Findon 12,654 72,775 (62,254 ) - 23,175
The above loan is unsecured repayable on demand and interest is charged at 2.5%.
Page 5