IRIS Accounts Production v24.3.2.46 13145293 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh131452932023-06-30131452932024-06-30131452932023-07-012024-06-30131452932022-06-30131452932022-07-012023-06-30131452932023-06-3013145293ns15:EnglandWales2023-07-012024-06-3013145293ns14:PoundSterling2023-07-012024-06-3013145293ns10:Director12023-07-012024-06-3013145293ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3013145293ns10:SmallEntities2023-07-012024-06-3013145293ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3013145293ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3013145293ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3013145293ns10:FullAccounts2023-07-012024-06-301314529312023-07-012024-06-3013145293ns10:Director22023-07-012024-06-3013145293ns10:Director32023-07-012024-06-3013145293ns10:Director42023-07-012024-06-3013145293ns10:Director52023-07-012024-06-3013145293ns10:RegisteredOffice2023-07-012024-06-3013145293ns5:CurrentFinancialInstruments2024-06-3013145293ns5:CurrentFinancialInstruments2023-06-3013145293ns5:Non-currentFinancialInstruments2024-06-3013145293ns5:Non-currentFinancialInstruments2023-06-3013145293ns5:ShareCapital2024-06-3013145293ns5:ShareCapital2023-06-3013145293ns5:RetainedEarningsAccumulatedLosses2024-06-3013145293ns5:RetainedEarningsAccumulatedLosses2023-06-3013145293ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3013145293ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-012024-06-3013145293ns5:PlantMachinery2023-07-012024-06-3013145293ns5:IntangibleAssetsOtherThanGoodwill2023-06-3013145293ns5:IntangibleAssetsOtherThanGoodwill2024-06-3013145293ns5:IntangibleAssetsOtherThanGoodwill2023-06-3013145293ns5:PlantMachinery2023-06-3013145293ns5:PlantMachinery2024-06-3013145293ns5:PlantMachinery2023-06-3013145293ns5:CostValuation2023-06-3013145293ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3013145293ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3013145293ns5:WithinOneYear2024-06-3013145293ns5:WithinOneYear2023-06-3013145293ns5:DeferredTaxation2023-06-3013145293ns5:DeferredTaxation2023-07-012024-06-3013145293ns5:DeferredTaxation2024-06-301314529312023-07-012024-06-30
REGISTERED NUMBER: 13145293 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

PURPLE TRANSFORM LIMITED

PURPLE TRANSFORM LIMITED (REGISTERED NUMBER: 13145293)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PURPLE TRANSFORM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr N D Latter
Mr D Latter
Mr S Atterwell
Mr G Butler
Mr M Shannon





REGISTERED OFFICE: The Granary
Kingston House Estate
Kingston Bagpuize
Oxfordshire
OX13 5AX





REGISTERED NUMBER: 13145293 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

PURPLE TRANSFORM LIMITED (REGISTERED NUMBER: 13145293)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,894 5,481
Tangible assets 5 130,808 82,973
Investments 6 2,000,000 2,000,000
2,135,702 2,088,454

CURRENT ASSETS
Debtors 7 253,001 433,676
Cash at bank 45,761 1,032,896
298,762 1,466,572
CREDITORS
Amounts falling due within one year 8 2,796,289 2,593,820
NET CURRENT LIABILITIES (2,497,527 ) (1,127,248 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(361,825

)

961,206

CREDITORS
Amounts falling due after more than one
year

9

-

(1,000,000

)

PROVISIONS FOR LIABILITIES 11 - (20,743 )
NET LIABILITIES (361,825 ) (59,537 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (361,925 ) (59,637 )
SHAREHOLDERS' FUNDS (361,825 ) (59,537 )

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

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

The directors acknowledge their 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.

PURPLE TRANSFORM LIMITED (REGISTERED NUMBER: 13145293)

BALANCE SHEET - continued
30 JUNE 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 and authorised for issue by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





Mr D Latter - Director


PURPLE TRANSFORM LIMITED (REGISTERED NUMBER: 13145293)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Purple Transform Limited 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.

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.

The company's balance sheet at the year end shows a net current liability and net liability position. This position has improved significantly since the balance sheet date due to the issue of £4.5M of share capital. The directors regularly review the company's financial position, including cashflow and profit and loss forecasts, and expect the company to be able to meet its liabilities as they fall due in the foreseeable future. On this basis the directors have prepared these financial statements on the going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


PURPLE TRANSFORM LIMITED (REGISTERED NUMBER: 13145293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 23 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 5,872
AMORTISATION
At 1 July 2023 391
Charge for year 587
At 30 June 2024 978
NET BOOK VALUE
At 30 June 2024 4,894
At 30 June 2023 5,481

PURPLE TRANSFORM LIMITED (REGISTERED NUMBER: 13145293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 92,292
Additions 88,672
At 30 June 2024 180,964
DEPRECIATION
At 1 July 2023 9,319
Charge for year 40,837
At 30 June 2024 50,156
NET BOOK VALUE
At 30 June 2024 130,808
At 30 June 2023 82,973

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 July 2023
and 30 June 2024 2,000,000
NET BOOK VALUE
At 30 June 2024 2,000,000
At 30 June 2023 2,000,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 17,529 7,398
Other debtors 235,472 426,278
253,001 433,676

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 384,023 154,301
Taxation and social security 334,827 303,943
Other creditors 2,077,439 2,135,576
2,796,289 2,593,820

PURPLE TRANSFORM LIMITED (REGISTERED NUMBER: 13145293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors - 1,000,000

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year - 20,000

The operating lease noted above relates to the company's premises.

11. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax - 20,743

Deferred
tax
£   
Balance at 1 July 2023 20,743
Utilised during year (20,743 )
Balance at 30 June 2024 -

12. RELATED PARTY DISCLOSURES

During the period the company paid loan note interest totalling £54,185 to a director (30.6.23: £Nil).

The aggregate amount owed to the directors and their spouses at the balance sheet date is £999,915 (30.6.23: £999,915).

13. POST BALANCE SHEET EVENTS

Since the balance sheet date the company has issued share capital for £4.5M.

14. ULTIMATE CONTROLLING PARTY

The company is not under control of any one individual or another entity.