Purple Alley Ltd

Purple Alley Ltd from Reading UK is a small, active company founded four years ago. It employs five people and holds £19,685 in assets, operating from a real address. With two directors and two owners, it's a relatively compact organization. The company’s status is active.

Purple Alley Ltd operates in a diverse range of industries, including retail sale via mail order houses or via internet, the other food services, and management consultancy activities other than financial management. Its website, while not detailed, suggests a focus on online retail. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Financially, Purple Alley Ltd presents a mixed picture. Current assets are reported at £20,000, a slight increase from £18,000 the previous year. However, net assets are a concerning -£30,000, a significant drop from the previous year. Bank borrowings have increased to £61,000, while cash reserves remain at a modest £4,400. Creditors are also up, at £61,000. The company’s retained earnings and accumulated losses are -£30,000. It's worth noting that the directors, Mr. Atif Ramzan and Mr. Ramzan Ali Bhatti, advanced a loan of £60,526 to the company from their private funds. They have confirmed in a letter of support that the funds will not be withdrawn for at least 12 months.

The accounts are described as "filleted" and unaudited, and prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The accounts have been prepared under the historical cost convention. No auditor is mentioned, which is common for small companies. The company's financial statements are prepared on a going concern basis.

Registered in England/Wales under the registration number 12934783, with a registered address at RG5 4PU, England, Reading, Berkshire, 14 Brandon Avenue, Woodley.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.