2023-09-01 NI663658 2024-08-31 NI663658 2023-09-01 2024-08-31 NI663658 2023-08-31 NI663658 2022-09-01 2023-08-31 NI663658 uk-core:WithinOneYear 2023-08-31 NI663658 uk-core:WithinOneYear 2024-08-31 NI663658 uk-core:ShareCapital 2024-08-31 NI663658 uk-core:ShareCapital 2023-08-31 NI663658 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 NI663658 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 NI663658 uk-bus:Director1 2023-09-01 2024-08-31 NI663658 uk-bus:Director2 2023-09-01 2024-08-31 NI663658 uk-core:PlantMachinery 2023-09-01 2024-08-31 NI663658 uk-core:ComputerEquipment 2023-09-01 2024-08-31 NI663658 uk-core:FurnitureFittings 2023-09-01 2024-08-31 NI663658 uk-core:ComputerEquipment 2023-08-31 NI663658 uk-core:FurnitureFittings 2023-08-31 NI663658 uk-core:PlantMachinery 2023-08-31 NI663658 uk-core:PlantMachinery 2024-08-31 NI663658 uk-core:FurnitureFittings 2024-08-31 NI663658 uk-core:ComputerEquipment 2024-08-31 iso4217:GBP xbrli:pure NI663658 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 NI663658 uk-bus:FRS102 2023-09-01 2024-08-31 NI663658 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 NI663658 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
Purple Promotions and Print Limited
Registered Number:NI663658
For the year ended 31 August 2024
Northern Ireland
Unaudited Financial Statements
2
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
3
Registered Number :
NI663658
As at 31 August 2024
Purple Promotions and Print Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
14,032
16,669
2
14,032
16,669
Current assets
Inventories
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
Capital and reserves
Called up share capital
2
2
Retained earnings
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.
Mr Andrew Scott Director
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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4
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.
Registered address:
50 Cockhill Road
Lisburn
BT27 5RS
The presentation currency is £ sterling.
1. Accounting policies
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
20 Reducing balance
25% Reducing balance
Computer Equipment
15% Reducing balance
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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5
For the year ended 31 August 2024
Purple Promotions and Print Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 September 2023
27,760
2,597
4,600
20,563
804
-
-
804
Additions
At 31 August 2024
21,367
4,600
2,597
28,564
Provision for depreciation and impairment
At 01 September 2023
11,091
1,259
2,199
7,633
Charge for year
3,441
334
360
2,747
At 31 August 2024
14,532
1,593
2,559
10,380
At 31 August 2024
Net book value
10,987
2,041
1,004
14,032
At 31 August 2023
12,930
2,401
1,338
16,669
3. Inventories
2023
2024
£
£
Stocks
7,380
7,590
4. Trade and other receivables
2023
2024
£
£
Trade debtors
30,703
21,613
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
12,933
6,449
Taxation and social security
11,719
17,461
Other creditors
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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