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REGISTERED NUMBER: 10132048 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Purpleweb Creative Ltd

Purpleweb Creative Ltd (Registered number: 10132048)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Purpleweb Creative Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr Andrew Wood



REGISTERED OFFICE: 43 Whitwell Close
Alverthorpe
Wakefield
West Yorkshire
WF2 0GS



REGISTERED NUMBER: 10132048 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: HSBC
PO Box 33
66 Westgate
Wakefield
West Yorkshire
WF1 1XB

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Purpleweb Creative Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Purpleweb Creative Ltd for the year ended 30 April 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Purpleweb Creative Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Purpleweb Creative Ltd and state those matters that we have agreed to state to the director of Purpleweb Creative Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Purpleweb Creative Ltd and its director for our work or for this report.

It is your duty to ensure that Purpleweb Creative Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Purpleweb Creative Ltd. You consider that Purpleweb Creative Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Purpleweb Creative Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


21 January 2025

Purpleweb Creative Ltd (Registered number: 10132048)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 7,200 8,400
Tangible assets 5 6,600 6,379
13,800 14,779

CURRENT ASSETS
Debtors 6 13,050 8,888
Cash at bank 53,301 49,220
66,351 58,108
CREDITORS
Amounts falling due within one year 7 (37,612 ) (29,653 )
NET CURRENT ASSETS 28,739 28,455
TOTAL ASSETS LESS CURRENT LIABILITIES 42,539 43,234

CREDITORS
Amounts falling due after more than one
year

8

-

(1,518

)

PROVISIONS FOR LIABILITIES (1,650 ) (1,595 )
NET ASSETS 40,889 40,121

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 40,769 40,001
40,889 40,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Purpleweb Creative Ltd (Registered number: 10132048)

Balance Sheet - continued
30 April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 January 2025 and were signed by:





Mr Andrew Wood - Director


Purpleweb Creative Ltd (Registered number: 10132048)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Purpleweb Creative Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Purpleweb Creative Ltd (Registered number: 10132048)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 12,000
AMORTISATION
At 1 May 2023 3,600
Charge for year 1,200
At 30 April 2024 4,800
NET BOOK VALUE
At 30 April 2024 7,200
At 30 April 2023 8,400

Purpleweb Creative Ltd (Registered number: 10132048)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 1,675 7,254 8,929
Additions - 2,697 2,697
At 30 April 2024 1,675 9,951 11,626
DEPRECIATION
At 1 May 2023 819 1,731 2,550
Charge for year 405 2,071 2,476
At 30 April 2024 1,224 3,802 5,026
NET BOOK VALUE
At 30 April 2024 451 6,149 6,600
At 30 April 2023 856 5,523 6,379

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST
At 1 May 2023
and 30 April 2024 3,367
DEPRECIATION
At 1 May 2023 140
Charge for year 842
At 30 April 2024 982
NET BOOK VALUE
At 30 April 2024 2,385
At 30 April 2023 3,227

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 13,050 8,888

Purpleweb Creative Ltd (Registered number: 10132048)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts 1,470 1,527
Trade creditors 1,735 1,607
Taxation and social security 28,770 18,675
Other creditors 5,637 7,844
37,612 29,653

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts - 1,518

9. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Hire purchase contracts 1,470 3,045