Purple Videos Limited Filleted accounts for Companies House (small and micro)
Purple Videos Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04944185
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FOR THE YEAR ENDED |
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STATEMENT OF FINANCIAL POSITION |
2018 |
2017 |
||
Note |
£ |
£ |
£ |
FIXED ASSETS
Tangible assets |
5 |
|
|
|
CURRENT ASSETS
Stocks |
|
|
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Debtors |
6 |
|
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|
Cash at bank and in hand |
|
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------- |
------- |
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|
|||
CREDITORS: amounts falling due within one year |
7 |
|
|
|
--------- |
--------- |
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NET CURRENT LIABILITIES |
|
|
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--------- |
--------- |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
||
CREDITORS: amounts falling due after more than one year |
8 |
|
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PROVISIONS
Taxation including deferred tax |
9 |
|
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--------- |
--------- |
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NET ASSETS |
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|
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--------- |
--------- |
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STATEMENT OF FINANCIAL POSITION (continued) |
2018 |
2017 |
||
Note |
£ |
£ |
£ |
CAPITAL AND RESERVES
Called up share capital |
10 |
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|
Profit and loss account |
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------- |
--------- |
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SHAREHOLDERS FUNDS |
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------- |
--------- |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
30 January 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
04944185
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31st OCTOBER 2018
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, Lancashire, LA1 3SW.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicles |
- |
|
|
Equipment |
- |
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|
Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
Provisions
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
1
(2017:
1
).
5.
TANGIBLE ASSETS
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1st November 2017 |
|
|
|
Additions |
– |
|
|
Disposals |
– |
(
|
(
|
--------- |
--------- |
--------- |
|
At 31st October 2018 |
|
|
|
--------- |
--------- |
--------- |
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Depreciation |
|||
At 1st November 2017 |
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|
|
Charge for the year |
|
|
|
Disposals |
– |
(
|
(
|
--------- |
--------- |
--------- |
|
At 31st October 2018 |
|
|
|
--------- |
--------- |
--------- |
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Carrying amount |
|||
At 31st October 2018 |
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|
--------- |
--------- |
--------- |
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At 31st October 2017 |
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--------- |
--------- |
--------- |
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6.
DEBTORS
2018 |
2017 |
|
£ |
£ |
|
Trade debtors |
|
– |
Prepayments and accrued income |
|
|
------- |
------- |
|
|
|
|
------- |
------- |
|
7.
CREDITORS:
amounts falling due within one year
2018 |
2017 |
|
£ |
£ |
|
Accruals and deferred income |
|
|
Corporation tax |
|
|
Obligations under finance leases and hire purchase contracts |
|
|
Director loan accounts |
|
|
--------- |
--------- |
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|
|
|
--------- |
--------- |
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8.
CREDITORS:
amounts falling due after more than one year
2018 |
2017 |
|
£ |
£ |
|
Obligations under finance leases and hire purchase contracts |
|
|
------- |
------- |
|
9.
PROVISIONS
Deferred tax |
|
£ |
|
At 1st November 2017 |
|
Charge against provision |
(
|
------- |
|
At 31st October 2018 |
|
------- |
|
10.
CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2018 |
2017 |
|||
No. |
£ |
No. |
£ |
|
|
|
2.00 |
|
2.00 |
---- |
------ |
---- |
------ |
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11.
RELATED PARTY TRANSACTIONS
The company is controlled by
Mr A Towers
in both the current and previous year by virtue of his sole shareholding. During the year the company continued to borrow funds interest free from Mr A Towers, a director. At the balance sheet date the company owed £ 11,649
(2017: £ 3,137
) to Mr A Towers. During the year the company paid rent amounting to £ 3,000
and dividends amounting to £ 18,000
(2017: £ 6,250
) to Mr A Towers.