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REGISTERED NUMBER: 06654748 (England and Wales)





























Audited Financial Statements for the Year Ended 30 June 2023

for

People Places Lives Limited

Previously known as
Public Consulting Group UK Limited

People Places Lives Limited (Registered number: 06654748)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


People Places Lives Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr D G Bowes
Mrs C Hewitt





REGISTERED OFFICE: 1 Smithy Court
Smithy Brook Road
Wigan
WN3 6PS





REGISTERED NUMBER: 06654748 (England and Wales)





AUDITORS: DonnellyBentley Limited
Chartered Accountants
Statutory Auditor
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

People Places Lives Limited (Registered number: 06654748)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 579,853 724,817
Tangible assets 5 - -
579,853 724,817

CURRENT ASSETS
Debtors 6 1,589,694 610,657
Cash at bank 1,239,844 1,907,044
2,829,538 2,517,701
CREDITORS
Amounts falling due within one year 7 (1,844,536 ) (1,700,302 )
NET CURRENT ASSETS 985,002 817,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,564,855

1,542,216

CAPITAL AND RESERVES
Called up share capital 9 200 200
Share premium 10 - 599,900
Contributed capital 10 - 4,605,852
Retained earnings 10 1,564,655 (3,663,736 )
SHAREHOLDERS' FUNDS 1,564,855 1,542,216

People Places Lives Limited (Registered number: 06654748)

Balance Sheet - continued
30 June 2023


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 30 August 2023 and were signed on its behalf by:





Mr D G Bowes - Director


People Places Lives Limited (Registered number: 06654748)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

People Places Lives Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of System Associates in 2015, is now being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 25% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Trade and other receivables
Trade and other receivables are recognised initially at fair value. Subsequent to initial recognition, they are measured at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances in hand and at bank.

Trade and other payables

Trade and other payables on normal terms are stated at their nominal value.

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.

People Places Lives Limited (Registered number: 06654748)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Turnover
Turnover represents amounts receivable exclusive of VAT for term subscriptions, setup fees and support fees.

Term subscription income relates to the use of the company's platform software, recognised rateably over the period.

Income from setup fees relates to the implementation of the platform software. This income is recognised on installation.

Support fees income is from contracted levels of support over a set period, normally one year. This is recognised rateably over the period.

Intangible fixed assets and amortisation
Contracts in writing are included at cost less accumulated amortisation and accumulated impairment loss, if any. Amortisation is calculated evenly over its estimated useful life of 4 years.

Going concern
No material uncertainties, that cast significant doubt about the ability of the company to continue in operational existence for the foreseeable future, have been identified by the directors.
Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2022 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 1,449,633
AMORTISATION
At 1 July 2022 724,816
Amortisation for year 144,964
At 30 June 2023 869,780
NET BOOK VALUE
At 30 June 2023 579,853
At 30 June 2022 724,817

People Places Lives Limited (Registered number: 06654748)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Short
leasehold
£   
COST
At 1 July 2022 22,811
Disposals (22,811 )
At 30 June 2023 -
DEPRECIATION
At 1 July 2022 22,811
Eliminated on disposal (22,811 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 537,905 350,172
Amounts owed by group undertakings 922,661 85,513
Other debtors 8,510 8,510
Tax 115,741 87,396
VAT - 79,066
Prepayments and accrued income 4,877 -
1,589,694 610,657

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 231,785 600,552
Tax 124,411 124,411
Social security and other taxes 46,847 231,770
VAT 43,185 -
Other creditors 11,992 19,559
Accruals and deferred income 1,386,316 724,010
1,844,536 1,700,302

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 45,588 37,965
Between one and five years 68,380 94,910
113,968 132,875

People Places Lives Limited (Registered number: 06654748)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
60,000 Ordinary 1/3rd of a pence £0.00 3333 200 200

10. RESERVES
Retained Share Contributed
earnings premium capital Totals
£    £    £    £   

At 1 July 2022 (3,663,736 ) 599,900 4,605,852 1,542,016
Profit for the year 22,639 22,639
Cash share issue - - (4,605,852 ) (4,605,852 )
Cancellation of shares 5,205,752 (599,900 ) - 4,605,852
At 30 June 2023 1,564,655 - - 1,564,655

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Michael Turner (Senior Statutory Auditor)
for and on behalf of DonnellyBentley Limited

12. POST BALANCE SHEET EVENTS

On the 2nd August 2023, PCG UK Holdings LLC completed a sale of PCG UK Holdings Limited and it's subsidiary, Public Consulting Group UK Limited, to Elzane Holdings Limited.

Prior to the sale of the company, a significant amount was received from the sale of its computer software and a significant dividend was paid to PCG UK Holdings Ltd.

There have been no adjustments made within the accounts for the year-ended 30th June 2023, as none are deemed necessary.

13. ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

As at 30 June 2023, the Company's immediate parent company is PCG UK Holdings Limited, a company incorporated in the United Kingdom. The ultimate parent company is Public Consulting Group Holdings, Inc., a company incorporated in the United States of America. In the opinion of the Directors the ultimate controlling party is William Mosakowski.

The registered office and that of its principal place of business is 1 Smithy Court, Smithy Brook Road, Wigan, WN3 6PS, England.