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REGISTERED NUMBER: 04775584 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

PURPOSE LIMITED

PURPOSE LIMITED (REGISTERED NUMBER: 04775584)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PURPOSE LIMITED

Company Information
for the year ended 30 April 2024







DIRECTOR: G M Redmayne





SECRETARY: Company Secretaries Limited





REGISTERED OFFICE: c/o Thorne Lancaster Parker
5th Floor, Palladium House
1-4 Argyll Street
London
W1F 7TA





REGISTERED NUMBER: 04775584 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

PURPOSE LIMITED (REGISTERED NUMBER: 04775584)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 4,899 8,505

CURRENT ASSETS
Debtors 5 55,513 82,368
Cash at bank and in hand 41,115 20,945
96,628 103,313
CREDITORS
Amounts falling due within one year 6 (28,730 ) (39,563 )
NET CURRENT ASSETS 67,898 63,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,797

72,255

CAPITAL AND RESERVES
Called up share capital 167 167
Share premium 59,345 59,345
Retained earnings 13,285 12,743
SHAREHOLDERS' FUNDS 72,797 72,255

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.

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 G M Redmayne the director and authorised for issue on 29 January 2025 and were signed by:





G M Redmayne - Director


PURPOSE LIMITED (REGISTERED NUMBER: 04775584)

Notes to the Financial Statements
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Purpose 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.

Turnover
Turnover represents the total amount receivable, net of value added tax, for goods and services provided in the ordinary course of business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Leasehold improvementsOver 5 year on cost
Computer equipments33 1/3% on cost
Fixtures and fittings25% on cost
Plant and machineryAt varying rates on 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.

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.

3. EMPLOYEES AND DIRECTORS

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

PURPOSE LIMITED (REGISTERED NUMBER: 04775584)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Leasehold Plant and and Computer
improvements machinery fittings equipments Totals
£    £    £    £    £   
COST
At 1 May 2023 67,286 35,865 41,563 163,634 308,348
Additions - - - 2,448 2,448
At 30 April 2024 67,286 35,865 41,563 166,082 310,796
DEPRECIATION
At 1 May 2023 58,781 35,865 41,563 163,634 299,843
Charge for year 5,623 - - 431 6,054
At 30 April 2024 64,404 35,865 41,563 164,065 305,897
NET BOOK VALUE
At 30 April 2024 2,882 - - 2,017 4,899
At 30 April 2023 8,505 - - - 8,505

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,226 71,995
Other debtors 14,287 10,373
55,513 82,368

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,400 16,398
Social security and other taxes 1,432 3,249
Other creditors 11 2,757
Directors' loan accounts 28 28
Accruals and deferred income 10,859 17,131
28,730 39,563