Registered number
08639494
Purpose - Made Solutions Limited
Filleted Accounts
31 August 2024
Purpose - Made Solutions Limited
Registered number: 08639494
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,221 1,645
Current assets
Debtors 4 7,100 12,704
Cash at bank and in hand 19,919 34,414
27,019 47,118
Creditors: amounts falling due within one year 5 (39,945) (42,961)
Net current (liabilities)/assets (12,926) 4,157
Total assets less current liabilities (11,705) 5,802
Provisions for liabilities (232) (312)
Net (liabilities)/assets (11,937) 5,490
Capital and reserves
Called up share capital 6 100 100
Profit and loss account (12,037) 5,390
Shareholders' funds (11,937) 5,490
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M E Pooley
Director
Approved by the board on 22 May 2025
Purpose - Made Solutions Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small company regime).

The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fttings 20 % straight line basis
Computer equipment 20 % straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits
When employees have rendered service to the company, short term employees benefits to which the employee are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
Going Concern
The major part of the company's working capital requirements are provided by loans from the directors who have indicated that this support will continue for the foreseeable future. The directors continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future. The company's indebtedness to its directors was £34,608 (2023 - £31,266).
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 1 September 2023 612 2,953 3,565
At 31 August 2024 612 2,953 3,565
Depreciation
At 1 September 2023 612 1,308 1,920
Charge for the year - 424 424
At 31 August 2024 612 1,732 2,344
Net book value
At 31 August 2024 - 1,221 1,221
At 31 August 2023 - 1,645 1,645
4 Debtors 2024 2023
£ £
Trade debtors 3,000 12,279
Other debtors 4,100 425
7,100 12,704
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 378 6,458
Other creditors 39,567 36,503
39,945 42,961
6 Share Capital Nominal 2023 2024 2023
value Number £ £
Allotted, called up and fully paid
Ordinary shares £1 each 100 100 100
7 Dividends
The interim dividend of £7,000 paid during the year was based on profits expected to be made during the year. However, the level of profits ultimately achieved was lower than anticipated, resulting in an over distribution of £7,000. The directors confirm that no further dividends will be paid until such time as sufficient profits are available for the purpose.
8 Related party transactions
During this year various amounts were loaned to the company by the directors and are disclosed in other creditors. The joint amount owed to the two directors is £34,608 (2023 - £31,266). Interest at 7 % pa is being charged on the loan. Interest accrued at the year end for the joint directors is £2,237 (2023 - £1,942). Use of home as office has been paid to the directors of £1,976 (2023- £1,976).
9 Other information
Purpose - Made Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Farlea, Billingshurst Road
Wisborough Green
Billingshurst
West Sussex
RH14 0DZ
The principal place of business address is
Claremont Lodge
119 Church Road
Combe Down
Bath
BA2 5JJ
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