People Like Us (London) Limited 07209342 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is graphic design Digita Accounts Production Advanced 6.30.9574.0 true 07209342 2022-07-01 2023-06-30 07209342 2023-06-30 07209342 bus:OrdinaryShareClass1 2023-06-30 07209342 core:CurrentFinancialInstruments 2023-06-30 07209342 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 07209342 core:FurnitureFittingsToolsEquipment 2023-06-30 07209342 core:OtherPropertyPlantEquipment 2023-06-30 07209342 bus:SmallEntities 2022-07-01 2023-06-30 07209342 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 07209342 bus:FullAccounts 2022-07-01 2023-06-30 07209342 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 07209342 bus:RegisteredOffice 2022-07-01 2023-06-30 07209342 bus:Director1 2022-07-01 2023-06-30 07209342 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 07209342 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07209342 core:FurnitureFittings 2022-07-01 2023-06-30 07209342 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 07209342 core:OfficeEquipment 2022-07-01 2023-06-30 07209342 core:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 07209342 core:PlantMachinery 2022-07-01 2023-06-30 07209342 countries:AllCountries 2022-07-01 2023-06-30 07209342 2022-06-30 07209342 core:FurnitureFittingsToolsEquipment 2022-06-30 07209342 core:OtherPropertyPlantEquipment 2022-06-30 07209342 2021-07-01 2022-06-30 07209342 2022-06-30 07209342 bus:OrdinaryShareClass1 2022-06-30 07209342 core:CurrentFinancialInstruments 2022-06-30 07209342 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 07209342 core:FurnitureFittingsToolsEquipment 2022-06-30 07209342 core:OtherPropertyPlantEquipment 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07209342

People Like Us (London) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

People Like Us (London) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

People Like Us (London) Limited

Company Information

Director

Mr DJ Sikking

Registered office

Suite 1, Scotts Place
24 Scotts Road
Bromley
Kent
BR1 3QD

Accountants

T Burton & Co Ltd
Suite 1, Scotts Place
24 Scotts Road
Bromley
Kent
BR1 3QD

 

People Like Us (London) Limited

(Registration number: 07209342)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed Assets

 

Tangible Assets

4

1,132

1,509

Current assets

 

Debtors

5

83,871

87,985

Creditors: Amounts falling due within one year

6

(84,517)

(88,549)

Net current liabilities

 

(646)

(564)

Net assets

 

486

945

Capital and Reserves

 

Called up share capital

7

2

2

Retained Earnings

484

943

Shareholders' funds

 

486

945

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 March 2024
 

.........................................
Mr DJ Sikking
Director

 

People Like Us (London) Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Suite 1, Scotts Place
24 Scotts Road
Bromley
Kent
BR1 3QD

These financial statements were authorised for issue by the director on 29 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

People Like Us (London) Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% on cost

Fixtures and fittings

20% on cost

Office equipment

20% on cost

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

People Like Us (London) Limited

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

4

Tangible Assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2022

18,963

7,270

26,233

At 30 June 2023

18,963

7,270

26,233

Depreciation

At 1 July 2022

17,454

7,270

24,724

Charge for the year

377

-

377

At 30 June 2023

17,831

7,270

25,101

Carrying amount

At 30 June 2023

1,132

-

1,132

At 30 June 2022

1,509

-

1,509

5

Debtors

Current

Note

2023
£

2022
£

Trade Debtors

 

18,030

18,417

Amounts owed by related parties

15,886

17,212

Other debtors

 

49,955

52,356

   

83,871

87,985

 

People Like Us (London) Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

21,825

24,120

Taxation and social security

 

57,555

61,043

Accruals and deferred income

 

5,137

3,386

 

84,517

88,549

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Class A of £1 each

2

2

2

2

         

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

15,936

17,993

Bank overdrafts

5,889

6,127

21,825

24,120