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Registered Number: 08519899
England and Wales

 

 

 

PEOPLE OF PRINT LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Director Marc Roy Smith
Registered Number 08519899
Registered Office Unit 2a The Hyde Business Park, Auckland Drive
Brighton, East Sussex
England
BN2 4JE
Accountants Worth Knowing Accountants Ltd
7 Bell Yard
London
WC2A 2JR
Secretary Kelsea Angelia Locke
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 March 2024
Principal activities
Principal activity of the company during the financial year was of publishing of consumer and business journals and periodicals.
Director
The director who served the company throughout the year was as follows:
Marc Roy Smith
Statement of director's responsibilities
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Marc Roy Smith
Director

Date approved: 02 August 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Worth Knowing Accountants Ltd
31 March 2024



....................................................
Worth Knowing Accountants Ltd
7 Bell Yard
London
WC2A 2JR
02 August 2024
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 2,634    2,259 
2,634    2,259 
Current assets      
Debtors 4 6,550   
Cash at bank and in hand 271    1,775 
6,821    1,775 
Creditors: amount falling due within one year 5 (104,070)   (85,171)
Net current assets (97,249)   (83,396)
 
Total assets less current liabilities (94,615)   (81,137)
Creditors: amount falling due after more than one year 6 (11,867)   (15,867)
Provisions for liabilities 7   (429)
Net assets (106,482)   (97,433)
 

Capital and reserves
     
Called up share capital 8 1    1 
Profit and loss account (106,483)   (97,434)
Shareholders' funds (106,482)   (97,433)
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 02 August 2024 and were signed by:


-------------------------------
Marc Roy Smith
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 April 2022 1  (70,143) (70,142)
Profit for the year (27,291) (27,291)
Total comprehensive income for the year (27,291) (27,291)
Total investments by and distributions to owners
At 31 March 2023 1  (97,434) (97,433)
At 01 April 2023 1  (97,434) (97,433)
Profit for the year (9,049) (9,049)
Total comprehensive income for the year (9,049) (9,049)
Total investments by and distributions to owners
At 31 March 2024 1  (106,483) (106,482)
5
General Information
PEOPLE OF PRINT LTD is a private company, limited by shares, registered in England and Wales, registration number 08519899, registration address Unit 2a The Hyde Business Park, Auckland Drive, Brighton, East Sussex, England, BN2 4JE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 April 2023 3,306    1,447    4,753 
Additions   1,082    1,082 
Disposals    
At 31 March 2024 3,306    2,529    5,835 
Depreciation
At 01 April 2023 1,657    837    2,494 
Charge for year 413    294    707 
On disposals    
At 31 March 2024 2,070    1,131    3,201 
Net book values
Closing balance as at 31 March 2024 1,236    1,398    2,634 
Opening balance as at 01 April 2023 1,649    610    2,259 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 6,550   
6,550   

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 4,378    2,700 
Bank Loans & Overdrafts 4,987    6,012 
Accrued Expenses 750    750 
Other Creditors 1,570    1,570 
Directors' Current Accounts 69,781    56,039 
VAT 22,604    18,100 
104,070    85,171 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 11,867    15,867 
11,867    15,867 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax   429 
  429 

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Ordinary share of £1.00 each  
 

6