Abbreviated Company Accounts - PURPLE RESULTS LIMITED

Abbreviated Company Accounts - PURPLE RESULTS LIMITED


Registered Number 03893959

PURPLE RESULTS LIMITED

Abbreviated Accounts

31 December 2013

PURPLE RESULTS LIMITED Registered Number 03893959

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 10,306 7,455
10,306 7,455
Current assets
Stocks 13,631 18,822
Debtors 333,480 502,612
Cash at bank and in hand 4 2,668
347,115 524,102
Creditors: amounts falling due within one year (336,059) (510,776)
Net current assets (liabilities) 11,056 13,326
Total assets less current liabilities 21,362 20,781
Total net assets (liabilities) 21,362 20,781
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 21,262 20,681
Shareholders' funds 21,362 20,781
  • For the year ending 31 December 2013 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 2014

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 2013

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.

Fixtures and fittings - Per annum on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

Valuation information and policy
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.

2Tangible fixed assets
£
Cost
At 1 January 2013 140,644
Additions 6,902
Disposals -
Revaluations -
Transfers -
At 31 December 2013 147,546
Depreciation
At 1 January 2013 133,189
Charge for the year 4,051
On disposals -
At 31 December 2013 137,240
Net book values
At 31 December 2013 10,306
At 31 December 2012 7,455
3Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
100 Ordinary shares of £1 each 100 100