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REGISTERED NUMBER: 05120026 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Purpose Driven Solutions Limited

Purpose Driven Solutions Limited (Registered number: 05120026)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Purpose Driven Solutions Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs L J Philips
A D Philips





SECRETARY: Mrs L J Philips





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: 05120026 (England and Wales)





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

Purpose Driven Solutions Limited (Registered number: 05120026)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 57 665

CURRENT ASSETS
Debtors 5 393,516 238,195
Cash at bank 17,016 38,170
410,532 276,365
CREDITORS
Amounts falling due within one year 6 205,992 146,582
NET CURRENT ASSETS 204,540 129,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,597

130,448

CREDITORS
Amounts falling due after more than one
year

7

14,806

55,711
NET ASSETS 189,791 74,737

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 189,789 74,735
189,791 74,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

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 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.

Purpose Driven Solutions Limited (Registered number: 05120026)

Balance Sheet - continued
31 August 2024


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 Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:




A D Philips - Director



Mrs L J Philips - Director


Purpose Driven Solutions Limited (Registered number: 05120026)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Purpose Driven Solutions 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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Purpose Driven Solutions Limited (Registered number: 05120026)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 26,364
Disposals (18,576 )
At 31 August 2024 7,788
DEPRECIATION
At 1 September 2023 25,699
Charge for year 608
Eliminated on disposal (18,576 )
At 31 August 2024 7,731
NET BOOK VALUE
At 31 August 2024 57
At 31 August 2023 665

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 209,240 166,157
Other debtors 184,276 72,038
393,516 238,195

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 26,281 44,483
Trade creditors 14,199 19
Taxation and social security 158,138 98,060
Other creditors 7,374 4,020
205,992 146,582

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 14,806 55,711

Purpose Driven Solutions Limited (Registered number: 05120026)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
A D Philips and Mrs L J Philips
Balance outstanding at start of year 185,755 116,370
Amounts advanced 180,654 109,716
Amounts repaid (69,386 ) (40,331 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 297,023 185,755