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Company Registration No. 10008088 (England and Wales)
PURPOSE LED LIMITED Unaudited accounts for the year ended 5 April 2025
PURPOSE LED LIMITED Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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PURPOSE LED LIMITED Statement of financial position as at 5 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,000
2,000
Current assets
Debtors
5
35,500
12,000
Cash at bank and in hand
1,327
-
36,827
12,000
Creditors: amounts falling due within one year
6
(1,084)
(304)
Net current assets
35,743
11,696
Total assets less current liabilities
36,743
13,696
Creditors: amounts falling due after more than one year
7
(48,364)
(43,230)
Net liabilities
(11,621)
(29,534)
Capital and reserves
Called up share capital
20
20
Profit and loss account
(11,641)
(29,554)
Shareholders' funds
(11,621)
(29,534)
For the year ending 5 April 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2026 and were signed on its behalf by
Darshita Gillies Director Company Registration No. 10008088
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PURPOSE LED LIMITED Notes to the Accounts for the year ended 5 April 2025
1
Statutory information
PURPOSE LED LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10008088. The registered office is 16 B, St. Stephens Garden, London, W2 5QX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% straight line basis
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 6 April 2024
3,000
At 5 April 2025
3,000
Depreciation
At 6 April 2024
1,000
Charge for the year
1,000
At 5 April 2025
2,000
Net book value
At 5 April 2025
1,000
At 5 April 2024
2,000
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PURPOSE LED LIMITED Notes to the Accounts for the year ended 5 April 2025
5
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Trade debtors
35,500
12,000
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
4
Other creditors
1,084
300
1,084
304
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
42,435
43,230
Loans from directors
5,929
-
48,364
43,230
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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