REGISTERED NUMBER: 10602054 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PURCHO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Cooper-Atkins

H R Cooper-Atkins

REGISTERED OFFICE:

c/o The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

REGISTERED NUMBER:

10602054 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Tangible assets

4

884

1,095

CURRENT ASSETS

Stocks

33,502

23,946

Debtors

5

2,169

2,540

Cash at bank

2,729

985

38,400

27,471

CREDITORS

Amounts falling due within one year

6

61,740

18,493

NET CURRENT (LIABILITIES)/ASSETS

(23,340

)

8,978

TOTAL ASSETS LESS CURRENT LIABILITIES

(22,456

)

10,073

PROVISIONS FOR LIABILITIES

-

356

NET (LIABILITIES)/ASSETS

(22,456

)

9,717

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(22,556

)

9,617

SHAREHOLDERS' FUNDS

(22,456

)

9,717

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

H R Cooper-Atkins - Director

1.	STATUTORY INFORMATION

Purcho 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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

-

20% reducing balance

Fixtures and fittings

-

15% reducing balance

Computer equipment

-

33% 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 Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

165

1,200

700

2,065

DEPRECIATION

At 1 January 2024

75

431

464

970

Charge for year

18

115

78

211

At 31 December 2024

93

546

542

1,181

NET BOOK VALUE

At 31 December 2024

72

654

158

884

At 31 December 2023

90

769

236

1,095

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

705

2,540

Other debtors

1,464

-

2,169

2,540

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

3,659

8,851

Taxation and social security

78

1,695

Other creditors

58,003

7,947

61,740

18,493

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary £1

£1

100

100

8.	RELATED PARTY DISCLOSURES

Transactions with entities with control, joint control or significant influence over the entity:

2024

2023

£

£

Amount due to related parties

21,158

9,704

9.	SECURITY AND GUARANTEES

The company has provided security by way of fixed and floating charges over its assets to Cynergy Business Finance Limited on behalf of Diamond Facilities Support Limited and Jet Through Limited.

10.	GOING CONCERN

As at 31st December 2024 the company's balance sheet was in deficit by £22,456.

The directors have assessed a period of 12 months from the balance sheet approval date and they are of the opinion that the company continues to be a going concern.