Purple Clubs Limited - Accounts to registrar (filleted) - small 18.2
Purple Clubs Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 July 2020 |
| for |
| Purple Clubs Limited |
| Purple Clubs Limited (Registered number: 08595043) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Purple Clubs Limited |
| Company Information |
| for the Year Ended 31 July 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Avaland House |
| 110 London Road |
| Hemel Hempstead |
| Hertfordshire |
| HP3 9SD |
| Purple Clubs Limited (Registered number: 08595043) |
| Balance Sheet |
| 31 July 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| Purple Clubs Limited (Registered number: 08595043) |
| Balance Sheet - continued |
| 31 July 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Purple Clubs Limited (Registered number: 08595043) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2020 |
| 1. | STATUTORY INFORMATION |
| Purple Clubs Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| At 31 July 2020 the company had net current liabilities of £25,108 (2019: £15,013). |
| These financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The directors are of the opinion that it is appropriate to do so. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Franchise fees |
| Franchise fees are being amortised evenly over the 5 year length of the franchise. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Government grants |
| Government grants are recognised at the fair value of the consideration received or receivable. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Purple Clubs Limited (Registered number: 08595043) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2020 |
| 4. | INTANGIBLE FIXED ASSETS |
| Franchise |
| fees |
| £ |
| COST |
| At 1 August 2019 |
| and 31 July 2020 |
| AMORTISATION |
| At 1 August 2019 |
| Amortisation for year |
| At 31 July 2020 |
| NET BOOK VALUE |
| At 31 July 2020 |
| At 31 July 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and | Computer |
| property | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 August 2019 |
| Additions |
| At 31 July 2020 |
| DEPRECIATION |
| At 1 August 2019 |
| Charge for year |
| At 31 July 2020 |
| NET BOOK VALUE |
| At 31 July 2020 |
| At 31 July 2019 |
| Purple Clubs Limited (Registered number: 08595043) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2020 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Directors' current accounts | - | 2 |
| VAT |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Social security and other taxes |
| VAT | - | 2,700 |
| Other creditors |
| Wages control account | 4,944 | 4,935 |
| Directors' current accounts | - |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 6,525 | - |
| Purple Clubs Limited (Registered number: 08595043) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2020 |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2020 | 2019 |
| £ | £ |
| Within one year |
| The company's operating lease commitments continue until 31 December 2028. On 5 December 2020, 2021, 2022 and 2023, the company can terminate the lease provided advance written notice is given. |
| During the accounting year, there was a variation of the lease. At 31 July 2020 the company had non cancellable operating lease commitments of £7,500 (FY 2019 £20,125). These were payable within 12 months. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary - | £1 | 1 | 1 |
| Ordinary | £1 | 1 | 1 |
| 2 | 2 |
| 11. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 August 2019 |
| Deficit for the year | ( |
) |
| At 31 July 2020 |
| 12. | RELATED PARTY DISCLOSURES |
| Anytime Clubs UK Limited |
| A limited company incorporated in England and Wales of which J Matthews owns 20% of the issued share capital. Included in trade creditors is a balance of £4,054 (2019: £Nil) due to Anytime Clubs UK Limited. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by its directors, who together own all the issued share capital. |