Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 08595043 J S Matthews K Matthews iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08595043 2023-07-31 08595043 2024-07-31 08595043 2023-08-01 2024-07-31 08595043 frs-core:CurrentFinancialInstruments 2024-07-31 08595043 frs-core:Non-currentFinancialInstruments 2024-07-31 08595043 frs-core:BetweenOneFiveYears 2024-07-31 08595043 frs-core:ComputerEquipment 2024-07-31 08595043 frs-core:ComputerEquipment 2023-08-01 2024-07-31 08595043 frs-core:ComputerEquipment 2023-07-31 08595043 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-07-31 08595043 frs-core:FurnitureFittings 2024-07-31 08595043 frs-core:FurnitureFittings 2023-08-01 2024-07-31 08595043 frs-core:FurnitureFittings 2023-07-31 08595043 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 08595043 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 08595043 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 08595043 frs-core:OtherResidualIntangibleAssets 2024-07-31 08595043 frs-core:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 08595043 frs-core:OtherResidualIntangibleAssets 2023-07-31 08595043 frs-core:PlantMachinery 2024-07-31 08595043 frs-core:PlantMachinery 2023-08-01 2024-07-31 08595043 frs-core:PlantMachinery 2023-07-31 08595043 frs-core:WithinOneYear 2024-07-31 08595043 frs-core:ShareCapital 2024-07-31 08595043 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 08595043 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08595043 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 08595043 frs-bus:SmallEntities 2023-08-01 2024-07-31 08595043 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08595043 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08595043 frs-bus:Director1 2023-08-01 2024-07-31 08595043 frs-bus:Director2 2023-08-01 2024-07-31 08595043 frs-countries:EnglandWales 2023-08-01 2024-07-31 08595043 2022-07-31 08595043 2023-07-31 08595043 2022-08-01 2023-07-31 08595043 frs-core:CurrentFinancialInstruments 2023-07-31 08595043 frs-core:Non-currentFinancialInstruments 2023-07-31 08595043 frs-core:BetweenOneFiveYears 2023-07-31 08595043 frs-core:WithinOneYear 2023-07-31 08595043 frs-core:ShareCapital 2023-07-31 08595043 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 08595043
Purple Clubs Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08595043
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,167 42
Tangible Assets 5 181,290 192,618
189,457 192,660
CURRENT ASSETS
Debtors 6 10,461 21,356
Cash at bank and in hand 9,564 20,246
20,025 41,602
Creditors: Amounts Falling Due Within One Year 7 (293,564 ) (236,480 )
NET CURRENT ASSETS (LIABILITIES) (273,539 ) (194,878 )
TOTAL ASSETS LESS CURRENT LIABILITIES (84,082 ) (2,218 )
Creditors: Amounts Falling Due After More Than One Year 8 (10,506 ) (20,752 )
NET LIABILITIES (94,588 ) (22,970 )
CAPITAL AND RESERVES
Called up share capital 9 3 3
Profit and Loss Account (94,591 ) (22,973 )
SHAREHOLDERS' FUNDS (94,588) (22,970)
Page 1
Page 2
For the year ending 31 July 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 directors acknowledge their 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
J S Matthews
Director
17 December 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Purple Clubs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08595043 . The registered office is Avaland House 110 London Road, Apsley, Hemel Hempstead, Hertfordshire, HP3 9SD.
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.
At 31 July 2024 the company had net current liabilities of £273,539 (2023: £194,878)  and net liabilities of £94,588 (2023:£22,970).
These financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The directors are of the opinion that it is appropriate to do so
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are franchise fees. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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:
Improvement to property over lease term
Plant & Machinery 20% on cost
Fixtures & Fittings at varying rates on cost
Computer Equipment 33% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 August 2023 2,500
Additions 10,000
As at 31 July 2024 12,500
Amortisation
As at 1 August 2023 2,458
Provided during the period 1,875
As at 31 July 2024 4,333
Net Book Value
As at 31 July 2024 8,167
As at 1 August 2023 42
5. Tangible Assets
Land & Property
Improvement to property Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 383,560 134,204 18,877 1,635 538,276
Additions 236 32,855 - - 33,091
Disposals - (4,416 ) - - (4,416 )
As at 31 July 2024 383,796 162,643 18,877 1,635 566,951
Depreciation
As at 1 August 2023 233,592 98,235 12,378 1,453 345,658
Provided during the period 26,852 13,433 1,417 67 41,769
Disposals - (1,766 ) - - (1,766 )
As at 31 July 2024 260,444 109,902 13,795 1,520 385,661
Net Book Value
As at 31 July 2024 123,352 52,741 5,082 115 181,290
As at 1 August 2023 149,968 35,969 6,499 182 192,618
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors (2,011 ) 59
Prepayments and accrued income 12,472 21,297
10,461 21,356
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,801 41,415
Bank loans and overdrafts 10,850 11,671
Other taxes and social security 1,227 1,238
VAT 2,191 4,359
Net wages 6,002 5,702
Other creditors 418 1,017
Accruals and deferred income 10,224 13,261
Directors' loan accounts 244,851 157,817
293,564 236,480
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 1-2 years 10,506 10,246
Bank loans - 2-5 years - 10,506
10,506 20,752
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 5
Page 6
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 10,000 10,000
Later than one year and not later than five years 34,167 -
44,167 10,000
The company's operating lease commitments continue until 31 December 2028. On 5 December 2021, 2022 and 2023, the company can terminate the lease provided advance written notice is given.
Page 6