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IntaPeople Limited

Financial Statements for the Year Ended 31 March 2023






IntaPeople Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P J Handley
H Handley
A M Tilley
A Warner





REGISTERED OFFICE: 2nd Floor
Longcross Court
47 Newport Road
Cardiff
CF24 0AD





REGISTERED NUMBER: 02968797 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
IntaPeople Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of IntaPeople Limited for the year ended 31 March 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of IntaPeople Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of IntaPeople Limited and state those matters that we have agreed to state to the Board of Directors of IntaPeople Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IntaPeople Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that IntaPeople Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of IntaPeople Limited. You consider that IntaPeople Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of IntaPeople Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


11 October 2023

IntaPeople Limited (Registered number: 02968797)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 2,500 5,000
Tangible assets 4 9,916 15,230
Investments 5 201 201
12,617 20,431

CURRENT ASSETS
Debtors 6 834,022 855,659
Cash at bank and in hand 8,566 78,253
842,588 933,912
CREDITORS
Amounts falling due within one year 7 500,268 589,108
NET CURRENT ASSETS 342,320 344,804
TOTAL ASSETS LESS CURRENT
LIABILITIES

354,937

365,235

CREDITORS
Amounts falling due after more than
one year

8

(29,072

)

(38,860

)

PROVISIONS FOR LIABILITIES (3,000 ) (4,500 )
NET ASSETS 322,865 321,875

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 322,665 321,675
SHAREHOLDERS' FUNDS 322,865 321,875

IntaPeople Limited (Registered number: 02968797)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





P J Handley - Director


IntaPeople Limited (Registered number: 02968797)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% straight line
Fixtures and fittings - 20% straight line
Cycle to work scheme - 100% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

IntaPeople Limited (Registered number: 02968797)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


1. ACCOUNTING POLICIES - continued

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.

Pension costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 23 ) .

3. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2022
and 31 March 2023 10,000
AMORTISATION
At 1 April 2022 5,000
Amortisation for year 2,500
At 31 March 2023 7,500
NET BOOK VALUE
At 31 March 2023 2,500
At 31 March 2022 5,000

IntaPeople Limited (Registered number: 02968797)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Fixtures Cycle to
Office and work
equipment fittings scheme Totals
£    £    £    £   
COST
At 1 April 2022 73,867 39,373 2,999 116,239
Additions 2,320 - 483 2,803
Disposals (15,530 ) - - (15,530 )
At 31 March 2023 60,657 39,373 3,482 103,512
DEPRECIATION
At 1 April 2022 60,886 39,373 750 101,009
Charge for year 5,530 - 2,587 8,117
Eliminated on disposal (15,530 ) - - (15,530 )
At 31 March 2023 50,886 39,373 3,337 93,596
NET BOOK VALUE
At 31 March 2023 9,771 - 145 9,916
At 31 March 2022 12,981 - 2,249 15,230

5. FIXED ASSET INVESTMENTS



Shares in
group
undertakings
£
COST
At 1 April 2022
and 31 March 2023 201
NET BOOK VALUE
At 31 March 2023 201
At 31 March 2022 201

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 430,604 573,124
Other debtors & prepayments 403,418 282,535
834,022 855,659

IntaPeople Limited (Registered number: 02968797)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 64,581 154,950
Trade creditors 259,098 300,416
Taxes & social security costs 105,704 118,082
Other creditors & accruals 70,885 15,660
500,268 589,108

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 29,072 38,860

9. OTHER FINANCIAL COMMITMENTS

Financial commitments relating to lease rental contracts as at 31 March 2023 total £31,608 over the remainder of the term (2022: £63,216).

10. ULTIMATE PARENT UNDERTAKING

The company's ultimate parent undertaking is Intapeople Group Limited, a company incorporated in England and Wales.