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REGISTERED NUMBER: 08021042 (England and Wales)











































Purple Orange (Northumberland ) Limited

Unaudited Financial Statements

for the Year Ended 28th April 2024






Purple Orange (Northumberland ) Limited (Registered number: 08021042)






Contents of the Financial Statements
for the year ended 28th April 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3 to 5


Purple Orange (Northumberland ) Limited

Company Information
for the year ended 28th April 2024







Director: Mrs T A Chaplin





Registered office: 5 Snipe House Cottage
Alnwick
United Kingdom
Northumberland
NE66 2JD





Registered number: 08021042 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Purple Orange (Northumberland ) Limited (Registered number: 08021042)

Balance Sheet
28th April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 500 -

Current assets
Debtors 5 34,720 17,433

Creditors
Amounts falling due within one year 6 29,440 17,349
Net current assets 5,280 84
Total assets less current liabilities 5,780 84

Provisions for liabilities 95 -
Net assets 5,685 84

Capital and reserves
Called up share capital 100 100
Retained earnings 5,585 (16 )
5,685 84

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th March 2025 and were signed by:





Mrs T A Chaplin - Director


Purple Orange (Northumberland ) Limited (Registered number: 08021042)

Notes to the Financial Statements
for the year ended 28th April 2024

1. Statutory information

Purple Orange (Northumberland ) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, bank overdrafts, accruals and directors' loans.

Directors' loans (being repayable on demand), trade debtors, accruals and bank overdrafts are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Purple Orange (Northumberland ) Limited (Registered number: 08021042)

Notes to the Financial Statements - continued
for the year ended 28th April 2024

2. Accounting policies - continued
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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, she continues to adopt the going concern basis in preparing these financial statements

3. Employees and directors

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

4. Tangible fixed assets
Plant and
machinery
£   
Cost
Additions 588
At 28th April 2024 588
Depreciation
Charge for year 88
At 28th April 2024 88
Net book value
At 28th April 2024 500

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 2,967 4,140
Other debtors 31,753 13,293
34,720 17,433

Purple Orange (Northumberland ) Limited (Registered number: 08021042)

Notes to the Financial Statements - continued
for the year ended 28th April 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 4,939 4,802
Taxation and social security 13,258 6,858
Other creditors 11,243 5,689
29,440 17,349

7. Post balance sheet events

On 28th January 2025, a dividend was declared for £100 per share.

On 28th January 2025, £21,752.55 of the Directors loan account was written off.

8. Directors advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 28th April 2023 and 28th April 2024:
2024 2023
Director £ £
Balance outstanding at start of period 13,293 7,330
Amounts advanced 49,946 5,963
Amounts repaid (31,486 ) -
Balance outstanding at end of period 31,753 13,293
These loans are unsecured and are repayable on demand. Interest has been charged at the official rates published by HMRC.