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Purple Frog Systems Ltd
ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Accountants' Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—6
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Purple Frog Systems Ltd For The Year Ended 31 March 2025
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Purple Frog Systems Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Purple Frog Systems Ltd , as a body, in accordance with the terms of our engagement letter dated 07 May 2024. Our work has been undertaken solely to prepare for your approval the accounts of Purple Frog Systems Ltd and state those matters that we have agreed to state to the directors of Purple Frog Systems Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Purple Frog Systems Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Purple Frog Systems Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Purple Frog Systems Ltd . You consider that Purple Frog Systems Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Purple Frog Systems Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
9 June 2025
Feldon Accountancy
Chartered Certified Accountants
Westwood House
78 Loughborough Road, Quorn
Loughborough
Leicestershire
LE12 8DX
Page 1
Page 2
Abridged Balance Sheet
Registered number: 05672331
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 61,226 40,010
Investments 5 100 100
61,326 40,110
CURRENT ASSETS
Debtors 783,453 438,038
Cash at bank and in hand 377,510 407,214
1,160,963 845,252
Creditors: Amounts Falling Due Within One Year (290,709 ) (378,662 )
NET CURRENT ASSETS (LIABILITIES) 870,254 466,590
TOTAL ASSETS LESS CURRENT LIABILITIES 931,580 506,700
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,718 ) (7,603 )
NET ASSETS 916,862 499,097
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 916,762 498,997
SHAREHOLDERS' FUNDS 916,862 499,097
Page 2
Page 3
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Alexander Whittles
Director
9 June 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Purple Frog Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05672331 . The registered office is Quantum House, Hadley Park East, Telford, Shropshire, TF1 6QJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over the life of the lease
Plant & Machinery 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.5. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2024: 17)
18 17
4. Tangible Assets
Total
£
Cost
As at 1 April 2024 89,264
Additions 42,437
Disposals (2,978 )
As at 31 March 2025 128,723
Depreciation
As at 1 April 2024 49,254
Provided during the period 20,220
Disposals (1,977 )
As at 31 March 2025 67,497
Net Book Value
As at 31 March 2025 61,226
As at 1 April 2024 40,010
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5. Investments
Total
£
Cost
As at 1 April 2024 100
As at 31 March 2025 100
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 100
As at 1 April 2024 100
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
Power BI Sentinel US IncWholly owned US registered subsidiary of Power BI Sentinel UK Ltd (wholly owned subsidiary)Debtors falling due within one year £7,947 (2024: £nil)

Power BI Sentinel US Inc

Wholly owned US registered subsidiary of Power BI Sentinel UK Ltd (wholly owned subsidiary)

Debtors falling due within one year £7,947 (2024: £nil)

Power BI Sentinel UK LtdWholly owned subsidiaryDebtor faling due within one year £374,374 (2024: £5,493)

Power BI Sentinel UK Ltd

Wholly owned subsidiary

Debtor faling due within one year £374,374 (2024: £5,493)

Fraggleworks LtdCompany under the control of Mrs H Whittles (director and shareholder)Debtor falling due within one year £6,000 (2024: £6,000). Debtor falling due after more than one year £150,269 (2024: £136,262)

Fraggleworks Ltd

Company under the control of Mrs H Whittles (director and shareholder)

Debtor falling due within one year £6,000 (2024: £6,000). Debtor falling due after more than one year £150,269 (2024: £136,262)

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