REGISTERED NUMBER: 11679805 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

Purdy Creative Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K Purdy

SECRETARY:

REGISTERED OFFICE:

Unit 9, Leatherline House

71 Narrow Lane

Aylestone

Leicester

LE2 8NA

REGISTERED NUMBER:

11679805 (England and Wales)

ACCOUNTANTS:

SJS Accountancy Services

1 North Street

Wigston

Leicester

LE18 1PS

FIXED ASSETS

Tangible assets

4

2,512

3,178

CURRENT ASSETS

Stocks

4,000

7,500

Debtors

5

97,102

97,231

Cash at bank

137,523

91,907

238,625

196,638

CREDITORS

Amounts falling due within one year

6

162,405

147,312

NET CURRENT ASSETS

76,220

49,326

TOTAL ASSETS LESS CURRENT LIABILITIES

78,732

52,504

CREDITORS

Amounts falling due after more than one year

7

15,514

18,778

NET ASSETS

63,218

33,726

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

63,217

33,725

SHAREHOLDERS' FUNDS

63,218

33,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2025 and were signed by:

Mrs K Purdy - Director

1.	STATUTORY INFORMATION

Purdy Creative 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 20% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

12,843

Additions

741

At 30 November 2024

13,584

DEPRECIATION

At 1 December 2023

9,665

Charge for year

1,407

At 30 November 2024

11,072

NET BOOK VALUE

At 30 November 2024

2,512

At 30 November 2023

3,178

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Trade debtors

10,203

95,287

Other debtors

86,899

1,944

97,102

97,231

Other debtors amounting to £86,899 (2023 - £1,944) is represented by prepayments of £4,345 (2023 - £1,944) and accrued income of £82,554 (2023 - £Nil).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans and overdrafts

2,821

2,889

Trade creditors

6,357

1,174

Taxation and social security

54,647

62,765

Other creditors

98,580

80,484

162,405

147,312

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans

15,514

18,778

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,231

7,222