REGISTERED NUMBER: 04608108 (England and Wales)

PURDIE GALLERY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms A L Purdie

REGISTERED OFFICE:

188 High Street

Tonbridge

TN9 1BE

REGISTERED NUMBER:

04608108 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

188 High Street

Tonbridge

Kent

TN9 1BE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,890

3,854

2,890

3,854

CURRENT ASSETS

Debtors

6

48,090

28,705

Cash at bank

47

664

48,137

29,369

CREDITORS

Amounts falling due within one year

7

(30,535

)

(15,339

)

NET CURRENT ASSETS

17,602

14,030

TOTAL ASSETS LESS CURRENT LIABILITIES

20,492

17,884

CREDITORS

Amounts falling due after more than one year

8

(21,142

)

(23,120

)

NET LIABILITIES

(650

)

(5,236

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

9

(651

)

(5,237

)

(650

)

(5,236

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 4 November 2025 and were signed by:

Ms A L Purdie - Director

1.	STATUTORY INFORMATION

Purdie Gallery Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

30,000

AMORTISATION

At 1 April 2024

and 31 March 2025

30,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixture &

Computer

Fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

6,541

26,812

33,353

DEPRECIATION

At 1 April 2024

5,897

23,602

29,499

Charge for year

161

803

964

At 31 March 2025

6,058

24,405

30,463

NET BOOK VALUE

At 31 March 2025

483

2,407

2,890

At 31 March 2024

644

3,210

3,854

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Directors' current accounts

47,007

27,622

Tax

1,083

1,083

48,090

28,705

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

16,821

9,421

Trade creditors

180

90

Corporation Tax

2,623

1,551

Social security and other taxes

93

510

VAT

9,948

2,897

Accrued expenses

870

870

30,535

15,339

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

21,142

23,120

9.

RESERVES

Retained

earnings

£

At 1 April 2024

(5,237

)

Profit for the year

4,586

At 31 March 2025

(651

)