Abbreviated Company Accounts - PURPLE INC LIMITED

Abbreviated Company Accounts - PURPLE INC LIMITED

PURPLE INC LIMITED - Company Information

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Registered Number 07232293

PURPLE INC LIMITED

Abbreviated Accounts

30 April 2015

PURPLE INC LIMITED Registered Number 07232293

Abbreviated Balance Sheet as at 30 April 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 7,355 9,631
7,355 9,631
Current assets
Stocks 20,000 30,000
Debtors 4,287 24,523
Cash at bank and in hand 210 438
24,497 54,961
Creditors: amounts falling due within one year (3,815) (40,159)
Net current assets (liabilities) 20,682 14,802
Total assets less current liabilities 28,037 24,433
Provisions for liabilities (720) (1,011)
Total net assets (liabilities) 27,317 23,422
Capital and reserves
Called up share capital 4 4
Profit and loss account 27,313 23,418
Shareholders' funds 27,317 23,422
  • For the year ending 30 April 2015 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 26 January 2016

And signed on their behalf by:
J FERGUSON, Director
MRS J FERGUSON, Director

PURPLE INC LIMITED Registered Number 07232293

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts 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 represents net invoiced sales of goods and services.

Tangible assets depreciation policy
Depreciation is provided at a rate of 25% against the cost of plant & machinery assets to write off each asset over its estimated useful life.

2Tangible fixed assets
£
Cost
At 1 May 2014 23,425
Additions 1,423
Disposals -
Revaluations -
Transfers -
At 30 April 2015 24,848
Depreciation
At 1 May 2014 13,794
Charge for the year 3,699
On disposals -
At 30 April 2015 17,493
Net book values
At 30 April 2015 7,355
At 30 April 2014 9,631