Purple Line Limited - Abbreviated accounts 16.1

Purple Line Limited - Abbreviated accounts 16.1

PURPLE LINE LIMITED - Company Information

Print Friendly Version

04348026 1.2.15 31.1.16 31.1.16 Company accounts Private Limited Company FY true false true false false false true false Ordinary "A" Shares 1.00000 Ordinary "B" Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure043480262015-01-31043480262016-01-31043480262015-02-012016-01-31043480262014-01-31043480262014-02-012015-01-31043480262015-01-3104348026ns14:PoundSterling2015-02-012016-01-3104348026ns7:Director12015-02-012016-01-3104348026ns7:OrdinaryShareClass12015-02-012016-01-3104348026ns7:OrdinaryShareClass22015-02-012016-01-3104348026ns7:RegisteredOffice2015-02-012016-01-3104348026ns7:EntityAccountantsOrAuditors2015-02-012016-01-3104348026ns5:PatentsConcessionsLicencesTradeMarksSimilar2015-02-012016-01-3104348026ns5:PlantMachinery2015-02-012016-01-3104348026ns7:OrdinaryShareClass12016-01-3104348026ns7:OrdinaryShareClass12015-01-3104348026ns7:OrdinaryShareClass22016-01-3104348026ns7:OrdinaryShareClass22015-01-3104348026ns7:Director12015-01-3104348026ns7:Director12014-01-3104348026ns7:Director12014-02-012015-01-3104348026ns7:Director12016-01-3104348026ns7:Director12015-01-31
REGISTERED NUMBER: 04348026











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

PURPLE LINE LIMITED

PURPLE LINE LIMITED (REGISTERED NUMBER: 04348026)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PURPLE LINE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







DIRECTOR: J M Harrison





REGISTERED OFFICE: Peninsula Business Centre
Wherstead
Ipswich
Suffolk
IP9 2BB





REGISTERED NUMBER: 04348026





ACCOUNTANTS: Walter Wright
Chartered Accountants
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA
Page 1
PURPLE LINE LIMITED (REGISTERED NUMBER: 04348026)

ABBREVIATED BALANCE SHEET
31 JANUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 76,551 62,587
Tangible assets 3 651,838 640,530
728,389 703,117

CURRENT ASSETS
Stocks 1,164,635 953,774
Debtors 561,791 724,577
Cash at bank and in hand 161,267 231,203
1,887,693 1,909,554
CREDITORS
Amounts falling due within one year 415,366 584,830
NET CURRENT ASSETS 1,472,327 1,324,724
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,200,716
2,027,841

PROVISIONS FOR LIABILITIES 15,820 18,491
NET ASSETS 2,184,896 2,009,350

CAPITAL AND RESERVES
Called up share capital 4 10,100 10,100
Profit and loss account 2,174,796 1,999,250
SHAREHOLDERS' FUNDS 2,184,896 2,009,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
PURPLE LINE LIMITED (REGISTERED NUMBER: 04348026)

ABBREVIATED BALANCE SHEET - continued
31 JANUARY 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 18 April 2016 and were signed by:





J M Harrison - Director


The notes form part of these abbreviated accounts

Page 3
PURPLE LINE LIMITED (REGISTERED NUMBER: 04348026)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents the sale of goods, is recognised on dispatch, and disclosed net of discounts,
returns and value added tax.

Amortisation of intangible fixed assets
Patents are amortised over 20 years on cost.

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

Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

The directors consider that the freehold property is maintained in such a state of repair that its residual
value is at least equal to the net book value. As a result the corresponding depreciation would not be
material and therefore is not charged in the profit & loss account. The directors perform an annual
impairment review to ensure that the recoverable amount is not lower than the carrying value.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due
allowance for obsolete and slow moving items.

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

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 the profit and loss account in the period to which they
relate.

Page 4 continued...
PURPLE LINE LIMITED (REGISTERED NUMBER: 04348026)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2016


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 83,065
Additions 19,071
At 31 January 2016 102,136
AMORTISATION
At 1 February 2015 20,478
Amortisation for year 5,107
At 31 January 2016 25,585
NET BOOK VALUE

At 31 January 2016 76,551
At 31 January 2015 62,587

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 789,077
Additions 49,761
Disposals (25,819 )
At 31 January 2016 813,019
DEPRECIATION
At 1 February 2015 148,547
Charge for year 30,054
Eliminated on disposal (17,420 )
At 31 January 2016 161,181
NET BOOK VALUE
At 31 January 2016 651,838
At 31 January 2015 640,530

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
10,000 Ordinary "A" Shares £1 10,000 10,000
100 Ordinary "B" Shares £1 100 100
10,100 10,100

Page 5 continued...
PURPLE LINE LIMITED (REGISTERED NUMBER: 04348026)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2016


5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2016
and 31 January 2015:

2016 2015
£    £   
J M Harrison
Balance outstanding at start of year 34,410 -
Amounts advanced 29,410 34,410
Amounts repaid (34,410 ) -
Balance outstanding at end of year 29,410 34,410

Page 6