Purple Promotions and Print Limited |
Registered Number:NI663658 |
For the year ended 31 August 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 31 August 2024
Purple Promotions and Print Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Purple Promotions and Print Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
14,032
16,669
2
14,032
16,669
7,590
7,380
3
Trade and other receivables |
21,613
30,703
4
18,964
Cash and cash equivalents |
9,656
47,739
48,167
Trade and other payables: amounts falling due within one |
year |
(27,152)
(30,220)
5
21,015
17,519
Net current assets
Total assets less current liabilities |
31,551
37,684
31,551
Net assets
37,684
2
2
31,549
37,682
31,551
37,684
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mrs Nicola Scott Director |
These financial statements were approved and authorised for issue by the Board on 05 March 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 August 2024
Purple Promotions and Print Limited
Notes to the Financial Statements
Statutory Information
Purple Promotions and Print Limited is a private limited company, limited by shares, domiciled in Northern Ireland, |
registration number NI663658. |
50 Cockhill Road
Lisburn
BT27 5RS
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 August 2024
Purple Promotions and Print Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
27,760
2,597
4,600
20,563
804
-
-
804
21,367
4,600
2,597
28,564
Provision for depreciation and impairment |
11,091
1,259
2,199
7,633
Charge for year
3,441
334
360
2,747
14,532
1,593
2,559
10,380
10,987
2,041
1,004
14,032
12,930
2,401
1,338
16,669
2023
2024
7,380
7,590
4. Trade and other receivables |
2023
2024
30,703
21,613
5. Trade and other payables: amounts falling due within one year |
2023
2024
12,933
6,449
Taxation and social security |
11,719
17,461
5,568
3,242
30,220
27,152
6. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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