Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-011falsefalseBusiness Coaching1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05541580 2022-04-01 2023-03-31 05541580 2021-04-01 2022-03-31 05541580 2023-03-31 05541580 2022-03-31 05541580 c:Director1 2022-04-01 2023-03-31 05541580 d:FurnitureFittings 2022-04-01 2023-03-31 05541580 d:FurnitureFittings 2023-03-31 05541580 d:FurnitureFittings 2022-03-31 05541580 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05541580 d:ComputerEquipment 2022-04-01 2023-03-31 05541580 d:CurrentFinancialInstruments 2023-03-31 05541580 d:CurrentFinancialInstruments 2022-03-31 05541580 d:Non-currentFinancialInstruments 2023-03-31 05541580 d:Non-currentFinancialInstruments 2022-03-31 05541580 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05541580 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05541580 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05541580 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 05541580 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 05541580 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 05541580 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 05541580 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 05541580 d:ShareCapital 2023-03-31 05541580 d:ShareCapital 2022-03-31 05541580 d:RetainedEarningsAccumulatedLosses 2023-03-31 05541580 d:RetainedEarningsAccumulatedLosses 2022-03-31 05541580 c:FRS102 2022-04-01 2023-03-31 05541580 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05541580 c:FullAccounts 2022-04-01 2023-03-31 05541580 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05541580 2 2022-04-01 2023-03-31 05541580 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 05541580










PRIMARY PEOPLE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
PRIMARY PEOPLE LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8

 
PRIMARY PEOPLE LIMITED
REGISTERED NUMBER: 05541580

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
188
274

Investments
 5 
10,000
10,000

  
10,188
10,274

Current assets
  

Debtors: amounts falling due within one year
 6 
24,521
23,628

Current asset investments
 7 
2,201
2,201

Cash at bank and in hand
 8 
41,768
42,583

  
68,490
68,412

Creditors: amounts falling due within one year
 9 
(25,021)
(24,739)

Net current assets
  
 
 
43,469
 
 
43,673

Total assets less current liabilities
  
53,657
53,947

Creditors: amounts falling due after more than one year
 10 
(7,750)
(10,750)

  

Net assets
  
45,907
43,197


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
45,807
43,097

  
45,907
43,197


Page 1

 
PRIMARY PEOPLE LIMITED
REGISTERED NUMBER: 05541580
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr R Maun
Director

Date: 31 October 2023

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
PRIMARY PEOPLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Primary People Limited is a private company limited by shares and incorporated in England and Wales, registration number 05541580. The registered office is 80 Grove Lane, Holt, Norfolk, NR25 6ED.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
PRIMARY PEOPLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
Reducing balance
Computer equipment
-
33%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income Statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 4

 
PRIMARY PEOPLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders. 


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
PRIMARY PEOPLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 April 2022
4,382



At 31 March 2023

4,382



Depreciation


At 1 April 2022
4,108


Charge for the year on owned assets
86



At 31 March 2023

4,194



Net book value



At 31 March 2023
188



At 31 March 2022
274


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2022
10,000



At 31 March 2023
10,000




Page 6

 
PRIMARY PEOPLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
24,521
14,384

Prepayments and accrued income
-
9,244

24,521
23,628



7.


Current asset investments

2023
2022
£
£

Unlisted investments
2,201
2,201

2,201
2,201



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
41,768
42,583

41,768
42,583



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
3,000
3,000

Corporation tax
9,810
10,771

Other creditors
10,428
8,790

Accruals and deferred income
1,783
2,178

25,021
24,739


Page 7

 
PRIMARY PEOPLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
7,750
10,750

7,750
10,750



11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
3,000
3,000


3,000
3,000

Amounts falling due 1-2 years

Bank loans
3,000
3,000


3,000
3,000

Amounts falling due 2-5 years

Bank loans
4,750
7,750


4,750
7,750


10,750
13,750



12.


Related party transactions

At the year end the Company owed the director £10,428 (2022 - £8,790).

 
Page 8