Purple Cow Media Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07045182 (England and Wales)

PURPLE COW MEDIA LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J S Yarlett

REGISTERED OFFICE:

5 Hainault Grove

Chigwell

Ilford

Essex

IG7 5DJ

REGISTERED NUMBER:

07045182 (England and Wales)

ACCOUNTANTS:

Stuart Nieman

5 Hainault Grove

Chigwell

Essex

IG7 5DJ

FIXED ASSETS

Tangible assets

4

2,561

2,039

CURRENT ASSETS

Stocks

5

38,000

3,000

Debtors

6

8,112

-

Cash at bank

1

30,557

46,113

33,557

CREDITORS

Amounts falling due within one year

7

48,417

34,668

NET CURRENT LIABILITIES

(2,304

)

(1,111

)

TOTAL ASSETS LESS CURRENT LIABILITIES

257

928

CAPITAL AND RESERVES

Called up share capital

8

4

4

Retained earnings

9

253

924

SHAREHOLDERS' FUNDS

257

928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 on 22 December 2019 and were signed by:

J S Yarlett - Director

1.	STATUTORY INFORMATION

Purple Cow Media 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2018

10,400

Additions

1,376

At 31 March 2019

11,776

DEPRECIATION

At 1 April 2018

8,361

Charge for year

854

At 31 March 2019

9,215

NET BOOK VALUE

At 31 March 2019

2,561

At 31 March 2018

2,039

5.

STOCKS

2019

2018

£

£

Work-in-progress

38,000

3,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

4,717

-

Other debtors

3,395

-

8,112

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

29,341

-

Trade creditors

-

4,618

Tax

10,996

15,671

Social security and other taxes

7,789

8,796

Other creditors

-

3,135

Directors' current accounts

291

2,448

48,417

34,668

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

2

Ordinary

1

2

2

2

Ordinary B

1

2

2

4

4

9.

RESERVES

Retained

earnings

£

At 1 April 2018

924

Profit for the year

20,329

Dividends

(21,000

)

At 31 March 2019

253