Abbreviated Company Accounts - PURPLE RESULTS LIMITED

PURPLE RESULTS LIMITED - Company Information

03893959 PURPLE RESULTS LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 03893959 2014-01-01 2014-12-31 03893959 2014-12-31 03893959 2013-12-31 03893959 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 03893959 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 03893959

PURPLE RESULTS LIMITED

Abbreviated Accounts

31 December 2014

PURPLE RESULTS LIMITED Registered Number 03893959

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	36,531	10,306
		36,531	10,306
Current assets
Stocks		9,004	13,631
Debtors		431,188	333,480
Cash at bank and in hand		4	4
		440,196	347,115
Creditors: amounts falling due within one year		(432,408)	(336,059)
Net current assets (liabilities)		7,788	11,056
Total assets less current liabilities		44,319	21,362
Creditors: amounts falling due after more than one year		(11,768)	-
Total net assets (liabilities)		32,551	21,362
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		32,451	21,262
Shareholders' funds		32,551	21,362

For the year ending 31 December 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2015

And signed on their behalf by:
S S Morris, Director

PURPLE RESULTS LIMITED Registered Number 03893959

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings - 25% reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Valuation information and policy
STOCK:-
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies
HIRE PURCHASE AND LEASING COMMITMENTS:-
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

2Tangible fixed assets

	£
Cost
At 1 January 2014	147,546
Additions	33,702
Disposals	(30,285)
Revaluations	-
Transfers	-
At 31 December 2014	150,963
Depreciation
At 1 January 2014	137,240
Charge for the year	7,477
On disposals	(30,285)
At 31 December 2014	114,432
Net book values
At 31 December 2014	36,531
At 31 December 2013	10,306

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100