Company Registration No. 13392846 (England and Wales)
Purple Elk Productions Limited
Unaudited accounts
for the year ended 31 May 2024
Purple Elk Productions Limited
Unaudited accounts
Contents
Purple Elk Productions Limited
Company Information
for the year ended 31 May 2024
Company Number
13392846 (England and Wales)
Registered Office
10 Albert Street
Ramsbottom
Bury
BL0 9EL
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Purple Elk Productions Limited
Statement of financial position
as at 31 May 2024
Tangible assets
3,630
4,032
Cash at bank and in hand
52
15
Creditors: amounts falling due within one year
(25,134)
(26,818)
Net current liabilities
(25,082)
(26,803)
Net liabilities
(21,452)
(22,771)
Called up share capital
1
1
Profit and loss account
(21,453)
(22,772)
Shareholders' funds
(21,452)
(22,771)
For the year ending 31 May 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 February 2025 and were signed on its behalf by
A S Burland
Director
Company Registration No. 13392846
Purple Elk Productions Limited
Notes to the Accounts
for the year ended 31 May 2024
Purple Elk Productions Limited is a private company, limited by shares, registered in England and Wales, registration number 13392846. The registered office is 10 Albert Street, Ramsbottom, Bury, BL0 9EL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due. The director expects an upturn in future trade that would improve the company's profitability. He has also expressed a willingness to support the company.
Purple Elk Productions Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2023
-
6,300
6,300
At 31 May 2024
505
6,300
6,805
At 1 June 2023
-
2,268
2,268
Charge for the year
101
806
907
At 31 May 2024
101
3,074
3,175
At 31 May 2024
404
3,226
3,630
At 31 May 2023
-
4,032
4,032
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
24,234
25,918
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).