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REGISTERED NUMBER: 10175570 (England and Wales)















HSE People Ltd

Unaudited Financial Statements for the Year Ended 31 May 2023






HSE People Ltd (Registered number: 10175570)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


HSE People Ltd

Company Information
for the Year Ended 31 May 2023







Directors: M P Lambert
Mrs R E Lambert





Registered office: 44 Coverley Road
South Witham
Grantham
Lincolnshire
NG33 5SP





Registered number: 10175570 (England and Wales)





Accountants: Rupert King & Company Limited
Stanton House
31 Westgate
Grantham
Lincolnshire
NG31 6LX

HSE People Ltd (Registered number: 10175570)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 4,686 5,083
4,686 5,083

Current assets
Debtors 6 56,259 41,007
Cash at bank - 3,597
56,259 44,604
Creditors
Amounts falling due within one year 7 36,165 23,679
Net current assets 20,094 20,925
Total assets less current liabilities 24,780 26,008

Creditors
Amounts falling due after more than one
year

8

24,000

25,500
Net assets 780 508

Capital and reserves
Called up share capital 9 2 2
Retained earnings 10 778 506
Shareholders' funds 780 508

HSE People Ltd (Registered number: 10175570)

Balance Sheet - continued
31 May 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





M P Lambert - Director


HSE People Ltd (Registered number: 10175570)

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

1. Statutory information

HSE People Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


HSE People Ltd (Registered number: 10175570)

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

2. Accounting policies - continued
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.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 June 2022
and 31 May 2023 5,000
Amortisation
At 1 June 2022
and 31 May 2023 5,000
Net book value
At 31 May 2023 -
At 31 May 2022 -

HSE People Ltd (Registered number: 10175570)

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

5. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 June 2022 10,050 568 4,578 15,196
Additions - - 1,328 1,328
At 31 May 2023 10,050 568 5,906 16,524
Depreciation
At 1 June 2022 7,415 195 2,503 10,113
Charge for year 527 75 1,123 1,725
At 31 May 2023 7,942 270 3,626 11,838
Net book value
At 31 May 2023 2,108 298 2,280 4,686
At 31 May 2022 2,635 373 2,075 5,083

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Directors' current accounts 56,259 41,007

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 3,005 3,000
Corporation tax 23,300 13,782
Social security and other taxes 187 704
VAT 8,788 5,183
Accrued expenses 885 1,010
36,165 23,679

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 3,000 3,000
Bank loans - 2-5 years 9,000 9,000
Bank loans more 5 yr by instal 12,000 13,500
24,000 25,500

HSE People Ltd (Registered number: 10175570)

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

8. Creditors: amounts falling due after more than one year - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,000 13,500

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. Reserves
Retained
earnings
£   

At 1 June 2022 506
Profit for the year 50,272
Dividends (50,000 )
At 31 May 2023 778

11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
M P Lambert
Balance outstanding at start of year 20,503 15,646
Amounts advanced 28,129 20,503
Amounts repaid (20,503 ) (15,646 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,129 20,503

HSE People Ltd (Registered number: 10175570)

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

11. Directors' advances, credits and guarantees - continued

Mrs R E Lambert
Balance outstanding at start of year 20,504 15,645
Amounts advanced 28,130 20,504
Amounts repaid (20,504 ) (15,645 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,130 20,504

12. Related party disclosures

During the year, total dividends of £50,000 (2022 - £60,000) were paid to the directors .