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Registered number: 07447526
Purple Granite Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07447526
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,477,064 1,093,473
1,477,064 1,093,473
CURRENT ASSETS
Stocks 5 146,475 50,000
Debtors 6 295,005 318,595
Investments 7 115,263 104,624
Cash at bank and in hand 948,035 1,182,693
1,504,778 1,655,912
Creditors: Amounts Falling Due Within One Year 8 (1,118,795 ) (887,264 )
NET CURRENT ASSETS (LIABILITIES) 385,983 768,648
TOTAL ASSETS LESS CURRENT LIABILITIES 1,863,047 1,862,121
Creditors: Amounts Falling Due After More Than One Year 9 (456,824 ) (525,134 )
NET ASSETS 1,406,223 1,336,987
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 1,406,123 1,336,887
SHAREHOLDERS' FUNDS 1,406,223 1,336,987
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For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Jonathan Brewer
Director
15 April 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Purple Granite Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07447526 . The registered office is Unit 6 Gemini Business Park, Stourport Road, Kidderminster, DY11 7QL.
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:
Leasehold 15% Reducing Balance
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. 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.
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2.6. 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 year 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 asset 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 49 (2024: 39)
49 39
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2024 259,150 988,377 534,886 15,588
Additions 178,248 326,000 233,747 12,269
Disposals - - (186,558 ) -
As at 30 November 2025 437,398 1,314,377 582,075 27,857
Depreciation
As at 1 December 2024 4,300 470,689 225,563 8,859
Provided during the period 13,916 100,105 143,523 2,976
Disposals - - (75,354 ) -
As at 30 November 2025 18,216 570,794 293,732 11,835
Net Book Value
As at 30 November 2025 419,182 743,583 288,343 16,022
As at 1 December 2024 254,850 517,688 309,323 6,729
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Page 5
Computer Equipment Total
£ £
Cost
As at 1 December 2024 7,303 1,805,304
Additions 6,558 756,822
Disposals - (186,558 )
As at 30 November 2025 13,861 2,375,568
Depreciation
As at 1 December 2024 2,420 711,831
Provided during the period 1,507 262,027
Disposals - (75,354 )
As at 30 November 2025 3,927 898,504
Net Book Value
As at 30 November 2025 9,934 1,477,064
As at 1 December 2024 4,883 1,093,473
5. Stocks
2025 2024
£ £
Stock 146,475 50,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 96,532 151,929
Prepayments and accrued income 39,069 6,283
Other debtors 153,928 155,309
Amounts owed by associates - 5,074
289,529 318,595
Due after more than one year
Amounts owed by associates 5,476 -
295,005 318,595
7. Current Asset Investments
2025 2024
£ £
Unlisted investments 115,263 104,624
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 233,037 64,450
Trade creditors 534,498 527,885
Bank loans and overdrafts 6,533 6,533
Corporation tax 75,539 78,814
Other taxes and social security 20,526 16,595
VAT 70,372 85,999
Other creditors - 3,211
Accruals and deferred income 31,514 9,486
Director's loan account 146,776 94,291
1,118,795 887,264
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 440,941 502,996
Bank loans 15,883 22,138
456,824 525,134
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 233,037 64,450
Later than one year and not later than five years 440,941 502,996
673,978 567,446
673,978 567,446
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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