Purpose Products Company Limited

Registered number

03952856

Filleted Accounts

31 March 2025

Purpose Products Company Limited
Registered number:		03952856
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		3,010,407			3,010,318
Investments	4		1,551,734			1,551,734
			4,562,141			4,562,052

Current assets
Stocks		-			10,000
Debtors	5	233,333			91,463
Cash at bank and in hand		1,202,152			1,296,896
		1,435,485			1,398,359

Creditors: amounts falling due within one year	6	(91,878)			(62,434)

Net current assets			1,343,607			1,335,925

Total assets less current liabilities			5,905,748			5,897,977


Provisions for liabilities			(158,600)			(159,710)


Net assets			5,747,148			5,738,267

Capital and reserves
Called up share capital			917			917
Share redemption			798			798
Profit and loss account			5,745,433			5,736,552

Shareholders' funds			5,747,148			5,738,267

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 and delivered 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.


P Andon
Director
Approved by the board on 1 December 2025

Purpose Products Company Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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:

	Freehold buildings			over 50 years
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks 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 (which is usually the invoice 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 (which is usually the invoice 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. Deferred taxation is provided for at 25% which was the legislated rate at the balance sheet date.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.




2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		4


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	3,005,257		226,438		-		3,231,695
	Additions	-		-		5,000		5,000
	At 31 March 2025	3,005,257		226,438		5,000		3,236,695

	Depreciation
	At 1 April 2024	-		221,377		-		221,377
	Charge for the year	-		3,661		1,250		4,911
	At 31 March 2025	-		225,038		1,250		226,288

	Net book value
	At 31 March 2025	3,005,257		1,400		3,750		3,010,407
	At 31 March 2024	3,005,257		5,061		-		3,010,318


4	Investments
Investments in
subsidiary					Other
undertakings					investments		Total
£					£		£
	Fair Value
	At 1 April 2024			1,734		1,550,000		1,551,734

	At 31 March 2025			1,734		1,550,000		1,551,734

	Historical cost
	At 1 April 2024			1,734		583,159
	At 31 March 2025			1,734		583,159



5	Debtors					2025		2024
£							£

	Trade debtors					37,755		6,172
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					169,749		-
	Other debtors					25,829		85,291
						233,333		91,463


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					1,124		324
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		2,409
	Taxation and social security costs					25,124		25,120
	Other creditors					65,630		34,581
						91,878		62,434


7	Pension commitments

	The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £42,750 (2024: £54,250).


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	P A Andon
	Interest-bearing short term loan	26,447				(26,447)		-

		26,447		-		(26,447)		-


9	Other information

	Purpose Products Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
	214 Ilderton Road
	London
	SE15 1NT