Purodem Ltd
Registered number: 08774736
Statement of Financial Position
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,399 1,801
Current assets
Stocks 1,500 950
Debtors 4 23,056 20,660
Cash at bank and in hand 2,820 4,444
27,376 26,054
Creditors: amounts falling due within one year 5 (18,102) (15,752)
Net current assets 9,274 10,302
Total assets less current liabilities 10,673 12,103
Creditors: amounts falling due after more than one year 6 (14,042) (16,894)
Net liabilities (3,369) (4,791)
Capital and reserves
Called up share capital 100 100
Profit and loss account (3,469) (4,891)
Shareholder's funds (3,369) (4,791)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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 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.
Mrs D Kassim
Director
Approved by the board on 26 August 2025
Purodem Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The director does consider the going concern basis to be appropriate as the retained losses will be made good through future trading activity.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 4,942
Additions 521
Disposals (1,445)
At 30 November 2024 4,018
Depreciation
At 1 December 2023 3,141
Charge for the year 466
On disposals (988)
At 30 November 2024 2,619
Net book value
At 30 November 2024 1,399
At 30 November 2023 1,801
4 Debtors 2024 2023
£ £
Trade debtors 9,135 13,300
Other debtors 13,921 7,360
23,056 20,660
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,947 2,940
Trade creditors 869 782
Accruals 5,983 7,207
Corporation tax 1,033 1,818
Other creditors 7,270 3,005
18,102 15,752
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,042 16,894
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mrs D Kassim
Repayable on demand 7,360 13,921 7,360 13,921
7,360 13,921 7,360 13,921
8 Other information
Purodem Ltd is a private company limited by shares and incorporated in England. Its registered office is:
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
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