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Registered number: 05949065
Purple Media Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Reynolds
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05949065
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 345,188 354,633
345,188 354,633
CURRENT ASSETS
Stocks 5 18,977 22,658
Debtors 6 174,746 203,263
Cash at bank and in hand 286,885 343,596
480,608 569,517
Creditors: Amounts Falling Due Within One Year 7 (111,335 ) (182,377 )
NET CURRENT ASSETS (LIABILITIES) 369,273 387,140
TOTAL ASSETS LESS CURRENT LIABILITIES 714,461 741,773
Creditors: Amounts Falling Due After More Than One Year 8 - (15,691 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,805 ) (16,042 )
NET ASSETS 694,656 710,040
CAPITAL AND RESERVES
Called up share capital 10 88,502 88,502
Profit and Loss Account 606,154 621,538
SHAREHOLDERS' FUNDS 694,656 710,040
Page 1
Page 2
For the year ending 31 December 2024 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.
On behalf of the board
Mr Edward Hunt
Director
24/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Purple Media Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05949065 . The registered office is The Old School House, St. Stephens Street, Tonbridge, Kent, TN9 2AD.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Freehold 50 years straight line
Plant & Machinery 25% straight line
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 years 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.
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 assets 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 16)
14 16
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 468,253 78,034 7,018 46,778 600,083
As at 31 December 2024 468,253 78,034 7,018 46,778 600,083
Depreciation
As at 1 January 2024 113,942 78,034 6,696 46,778 245,450
Provided during the period 9,365 - 80 - 9,445
As at 31 December 2024 123,307 78,034 6,776 46,778 254,895
Net Book Value
As at 31 December 2024 344,946 - 242 - 345,188
As at 1 January 2024 354,311 - 322 - 354,633
5. Stocks
2024 2023
£ £
Materials 18,977 22,658
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 96,686 188,714
Prepayments and accrued income 14,378 14,549
Amounts owed by group undertakings 63,682 -
174,746 203,263
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 33,544 62,943
Bank loans and overdrafts - 32,000
Corporation tax 31,612 18,190
Other taxes and social security 10,812 12,246
VAT 26,572 40,692
Other creditors 3,122 4,783
Pension control 2,171 3,234
Accruals and deferred income 3,502 4,210
Directors' loan accounts - 4,079
111,335 182,377
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 15,691
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
The bank loan is secured by a fixed charge over the freehold of the property. 
2024 2023
£ £
Bank loans and overdrafts - 47,691
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 88,502 88,502
11. Ultimate Controlling Party
The company's ultimate controlling party is Purple Media Holdings Ltd by virtue of his ownership of 100% of the issued share capital in the company.
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