REGISTERED NUMBER: 10592682 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JANUARY 2025

FOR

PURPLE SHEEP LX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Gavin

REGISTERED OFFICE:

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

REGISTERED NUMBER:

10592682 (England and Wales)

ACCOUNTANTS:

P B Syddall & Co

Chartered Accountants

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

FIXED ASSETS

Tangible assets

4

96,525

103,130

CURRENT ASSETS

Debtors

5

12,259

12,856

CREDITORS

Amounts falling due within one year

6

86,188

79,237

NET CURRENT LIABILITIES

(73,929

)

(66,381

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,596

36,749

CREDITORS

Amounts falling due after more than one year

7

(4,855

)

(10,517

)

PROVISIONS FOR LIABILITIES

(18,340

)

(19,595

)

NET (LIABILITIES)/ASSETS

(599

)

6,637

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(699

)

6,537

(599

)

6,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 October 2025 and were signed by:

P Gavin - Director

1.	STATUTORY INFORMATION

Purple Sheep Lx 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 31 January 2024

236,160

Additions

17,526

At 30 January 2025

253,686

DEPRECIATION

At 31 January 2024

133,030

Charge for year

24,131

At 30 January 2025

157,161

NET BOOK VALUE

At 30 January 2025

96,525

At 30 January 2024

103,130

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.1.25

30.1.24

£

£

Trade debtors

11,259

11,856

Prepayments

1,000

1,000

12,259

12,856

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.1.25

30.1.24

£

£

Bank loans and overdrafts

26,355

27,678

Tax

-

1,956

Social security and other taxes

40

209

VAT

4,830

5,375

Directors current account

53,963

43,019

Accrued expenses

1,000

1,000

86,188

79,237

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.1.25

30.1.24

£

£

Bank loans - 1-2 years

4,855

10,517

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Gavin.