Company Registration No. 8855616 (England and Wales)
People Possibilities Ltd
Unaudited accounts
for the year ended 31 January 2024
People Possibilities Ltd
Unaudited accounts
Contents
People Possibilities Ltd
Company Information
for the year ended 31 January 2024
Company Number
8855616 (England and Wales)
Registered Office
78 Broom Road
Teddington
Middlesex
TW11 9NY
Accountants
Ashley & Co. Chartered Certified Accountants
38 Wey House
15 Church Street
Weybridge
Surrey
KT13 8NA
People Possibilities Ltd
Statement of financial position
as at 31 January 2024
Intangible assets
6,397
6,797
Cash at bank and in hand
53,340
66,704
Creditors: amounts falling due within one year
(22,210)
(27,745)
Net current assets
49,148
68,642
Called up share capital
3
3
Profit and loss account
55,781
76,292
Shareholders' funds
55,784
76,295
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 April 2024 and were signed on its behalf by
Lisa K. Pickup
Director
Company Registration No. 8855616
People Possibilities Ltd
Notes to the Accounts
for the year ended 31 January 2024
People Possibilities Ltd is a private company, limited by shares, registered in England and Wales, registration number 8855616. The registered office is 78 Broom Road, Teddington, Middlesex, TW11 9NY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The activity of the company is that of HR consultancy and coaching.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line 15%
4
Intangible fixed assets
Goodwill
People Possibilities Ltd
Notes to the Accounts
for the year ended 31 January 2024
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
8,340
19,794
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
22,210
27,745
Allotted, called up and fully paid:
1 Ordinary shares (Class A) of £1 each
1
1
1 Ordinary shares (Class B) of £1 each
1
1
1 Ordinary shares (Class C) of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Advance on expenses to the director
9,889
9,678
9,889
9,678
The advance on expenses to the director is included in other debtors.
People Possibilities Ltd
Notes to the Accounts
for the year ended 31 January 2024
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).