Purple Aspire Limited - Accounts

Purple Aspire Limited - Accounts

PURPLE ASPIRE LIMITED - Company Information

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Registered Number: 09078624
England and Wales

 

 

 

PURPLE ASPIRE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 July 2019

End date: 30 June 2020

Purple Aspire Limited
Contents Page
For the year ended 30 June 2020
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 June 2020 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
S0LUTI0NS OFR LTD
30 June 2020



....................................................
S0LUTI0NS OFR LTD
1 St James Close
Bradford
West Yorkshire
BD17 6HF
25 March 2021
1
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Tangible fixed assets 2 41,765    33,242 
41,765    33,242 
Current assets      
Debtors: amounts falling due within one year 1    901 
Cash at bank and in hand 93,306    24,396 
93,307    25,297 
Creditors: amount falling due within one year (49,570)   (23,724)
Net current assets 43,737    1,573 
 
Total assets less current liabilities 85,502    34,815 
Net assets 85,502    34,815 
 

Capital and reserves 		     
Called up share capital 3 2    2 
Profit and loss account 85,500    34,813 
Shareholders funds 85,502    34,815 
 


For the year ended 30 June 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. 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
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 25 March 2021 and were signed by:


--------------------------------
John Swingewood
Director
2
General Information
Purple Aspire Limited is a private company, limited by shares, registered in England and Wales, registration number 09078624, registration address Old Barn, Bineham Park Farm, East Grinstead Road, North Chailey, BN8 4DD

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Straight Line
Computer Equipment 25% Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 July 2019 51,095    1,439    52,534 
Additions 18,335    1,282    19,617 
Disposals -    -    - 
At 30 June 2020 69,430    2,721    72,151 
Depreciation
At 01 July 2019 18,720    572    19,292 
Charge for year 10,414    680    11,094 
On disposals -    -    - 
At 30 June 2020 29,134    1,252    30,386 
Net book values
Closing balance as at 30 June 2020 40,296    1,469    41,765 
Opening balance as at 01 July 2019 32,375    867    33,242 


3.

Share Capital

Authorised
1 Class A share of £1.00 each
1 Class B share of £1.00 each
Allotted, called up and fully paid
2020
£		   2019
£
1 Class A share of £1.00 each 1    1 
1 Class B share of £1.00 each 1    1 
2    2 

4.

Average number of employees

Average number of employees during the year was 1 (2019 : 1)
3