Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31false2022-08-01recruitment consultancy1010truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03766798 2022-08-01 2023-07-31 03766798 2021-08-01 2022-07-31 03766798 2023-07-31 03766798 2022-07-31 03766798 c:Director1 2022-08-01 2023-07-31 03766798 d:FurnitureFittings 2022-08-01 2023-07-31 03766798 d:FurnitureFittings 2023-07-31 03766798 d:FurnitureFittings 2022-07-31 03766798 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03766798 d:Goodwill 2023-07-31 03766798 d:Goodwill 2022-07-31 03766798 d:CurrentFinancialInstruments 2023-07-31 03766798 d:CurrentFinancialInstruments 2022-07-31 03766798 d:CurrentFinancialInstruments 1 2023-07-31 03766798 d:CurrentFinancialInstruments 1 2022-07-31 03766798 d:Non-currentFinancialInstruments 2023-07-31 03766798 d:Non-currentFinancialInstruments 2022-07-31 03766798 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 03766798 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 03766798 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 03766798 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 03766798 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 03766798 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 03766798 d:ShareCapital 2023-07-31 03766798 d:ShareCapital 2022-07-31 03766798 d:RetainedEarningsAccumulatedLosses 2023-07-31 03766798 d:RetainedEarningsAccumulatedLosses 2022-07-31 03766798 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 03766798 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-07-31 03766798 c:FRS102 2022-08-01 2023-07-31 03766798 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 03766798 c:FullAccounts 2022-08-01 2023-07-31 03766798 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 03766798 d:WithinOneYear 2023-07-31 03766798 d:WithinOneYear 2022-07-31 03766798 2 2022-08-01 2023-07-31 03766798 f:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 03766798









THE PEOPLE BUREAU LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
THE PEOPLE BUREAU LIMITED
REGISTERED NUMBER: 03766798

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
956
1,172

  
956
1,172

Current assets
  

Debtors: amounts falling due within one year
 6 
82,167
124,294

Cash at bank and in hand
 7 
31,993
87,132

  
114,160
211,426

Creditors: amounts falling due within one year
 8 
(64,438)
(111,396)

Net current assets
  
 
 
49,722
 
 
100,030

Total assets less current liabilities
  
50,678
101,202

Creditors: amounts falling due after more than one year
 9 
(11,424)
(17,000)

  

Net assets
  
39,254
84,202


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
39,250
84,198

  
39,254
84,202


Page 1

 
THE PEOPLE BUREAU LIMITED
REGISTERED NUMBER: 03766798
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The directors consider 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 directors acknowledge their 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 statement of income and retained earnings 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 on 14 February 2024.




................................................
K Hanson
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
THE PEOPLE BUREAU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

The People Bureau Limited is a private company limited by share capital incorporated in England and Wales. The principal activity of the Company throughout the year was that of recruitment consultancy.

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 following principal accounting policies have been applied:

 
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 Statement of income and retained earnings 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.

 
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.

Page 3

 
THE PEOPLE BUREAU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.6

Borrowing costs

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

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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 balance sheet date in the countries where the Company operates and generates income.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

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.

Page 4

 
THE PEOPLE BUREAU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33% Straight line

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 5

 
THE PEOPLE BUREAU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.15

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 at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 10).


4.


Intangible assets




Goodwill

£



Cost


At 1 August 2022
175,000



At 31 July 2023

175,000



Amortisation


At 1 August 2022
175,000



At 31 July 2023

175,000



Net book value



At 31 July 2023
-



At 31 July 2022
-



Page 6

 
THE PEOPLE BUREAU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 August 2022
56,053


Additions
525



At 31 July 2023

56,578



Depreciation


At 1 August 2022
54,881


Charge for the year on owned assets
741



At 31 July 2023

55,622



Net book value



At 31 July 2023
956



At 31 July 2022
1,172


6.


Debtors

2023
2022
£
£


Trade debtors
63,330
88,651

Amounts owed by joint ventures and associated undertakings
14,149
20,465

Other debtors
1,092
65

Prepayments and accrued income
3,596
15,113

82,167
124,294


Page 7

 
THE PEOPLE BUREAU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
31,993
87,132

31,993
87,132



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
6,000
6,000

Payments received on account
-
1,870

Trade creditors
610
1,949

Corporation tax
-
12,184

Other taxation and social security
42,806
47,620

Proceeds of factored debts
2,494
25,118

Other creditors
10,094
14,220

Accruals and deferred income
2,434
2,435

64,438
111,396



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
11,424
17,000

11,424
17,000


Page 8

 
THE PEOPLE BUREAU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
6,000
6,000

Amounts falling due 1-2 years

Bank loans
11,424
17,000

17,424
23,000



11.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
31,993
87,132




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


12.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,987 (2022 - £12,703). 


13.


Commitments under operating leases

At 31 July 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
13,000
13,000

13,000
13,000

Page 9

 
THE PEOPLE BUREAU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

14.


Related party transactions

The directors are also directors and 100% shareholders in Hanson-Chase Consulting Limited. During the year the Company made transactions of £129 (2022 - £Nil). At the year end £20,594 (2022 - £20,465) was due from Hanson-Chase Consulting Limited.


15.


Controlling party

The Company is controlled by the directors, K Hanson and J Hanson, by virtue of their shareholdings as described in the Directors' report.

 
Page 10