Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-03-0111truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04379864 2023-03-01 2024-02-29 04379864 2022-03-01 2023-02-28 04379864 2024-02-29 04379864 2023-02-28 04379864 c:Director1 2023-03-01 2024-02-29 04379864 d:PlantMachinery 2023-03-01 2024-02-29 04379864 d:PlantMachinery 2024-02-29 04379864 d:PlantMachinery 2023-02-28 04379864 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 04379864 d:OfficeEquipment 2023-03-01 2024-02-29 04379864 d:CurrentFinancialInstruments 2024-02-29 04379864 d:CurrentFinancialInstruments 2023-02-28 04379864 d:Non-currentFinancialInstruments 2024-02-29 04379864 d:Non-currentFinancialInstruments 2023-02-28 04379864 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 04379864 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 04379864 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 04379864 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 04379864 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 04379864 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 04379864 d:ShareCapital 2024-02-29 04379864 d:ShareCapital 2023-02-28 04379864 d:RetainedEarningsAccumulatedLosses 2024-02-29 04379864 d:RetainedEarningsAccumulatedLosses 2023-02-28 04379864 c:FRS102 2023-03-01 2024-02-29 04379864 c:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 04379864 c:FullAccounts 2023-03-01 2024-02-29 04379864 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04379864 2 2023-03-01 2024-02-29 04379864 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 04379864










Peoplecom Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 29 February 2024

 
Peoplecom Limited
 
  
Chartered Accountants' Report to the Director on the preparation of the Unaudited Statutory Financial Statements of Peoplecom Limited for the Year Ended 29 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peoplecom Limited for the year ended 29 February 2024 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Peoplecom Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Peoplecom Limited and state those matters that we have agreed to state to the director of Peoplecom Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peoplecom Limited and its director for our work or for this report. 

It is your duty to ensure that Peoplecom Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Peoplecom Limited. You consider that Peoplecom Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Peoplecom Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
13 August 2024
Page 1

 
Peoplecom Limited
Registered number: 04379864

Balance Sheet
As at 29 February 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
839

  
-
839

Current assets
  

Debtors: amounts falling due within one year
 5 
24,680
41,682

Cash at bank and in hand
  
-
7,598

  
24,680
49,280

Creditors: amounts falling due within one year
 6 
(28,350)
(19,313)

Net current (liabilities)/assets
  
 
 
(3,670)
 
 
29,967

Total assets less current liabilities
  
(3,670)
30,806

Creditors: amounts falling due after more than one year
 7 
-
(18,000)

  

Net (liabilities)/assets
  
(3,670)
12,806


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(3,770)
12,706

  
(3,670)
12,806


Page 2

 
Peoplecom Limited
Registered number: 04379864

Balance Sheet (continued)
As at 29 February 2024

The director considers 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 director acknowledges his 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 by: 




................................................
I C Rayment
Director
Date: 12 August 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
Peoplecom Limited
 

 
Notes to the Financial Statements
For the Year Ended 29 February 2024

1.


General information

The Company is a private company limited by share capital incorporated in England and Wales with the registered number 04379864.
The address of the registered office is 7 Bell Yard, London, WC2A 2JR.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

Page 4

 
Peoplecom Limited
 

 
Notes to the Financial Statements
For the Year Ended 29 February 2024

2.Accounting policies (continued)

 
2.5

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
33%
Reducing balance

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 5

 
Peoplecom Limited
 

 
Notes to the Financial Statements
For the Year Ended 29 February 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets







Office equipment

£





At 1 March 2023
2,569


Disposals
(2,569)



At 29 February 2024

-





At 1 March 2023
1,730


Charge for the year on owned assets
278


Disposals
(2,008)



At 29 February 2024

-



Net book value



At 29 February 2024
-



At 28 February 2023
839


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
-
5,280

Other debtors
24,680
36,257

Prepayments and accrued income
-
145

24,680
41,682


Page 6

 
Peoplecom Limited
 

 
Notes to the Financial Statements
For the Year Ended 29 February 2024

6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank overdrafts
8,190
-

Bank loans
18,000
8,000

Trade creditors
-
294

Corporation tax
-
5,180

Other taxation and social security
-
4,056

Other creditors
-
19

Accruals and deferred income
2,160
1,764

28,350
19,313



7.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
-
18,000



8.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£

Amounts falling due within one year

Bank loans
18,000
8,000

Amounts falling due 2-5 years

Bank loans
-
18,000

18,000
26,000



9.


Related party transactions

During the year the Company has made unsecured interest free loans to the director. During the year the amount advanced to the director was £23,657 (2023: £53,755) and the amount repaid by the Director was £35,840 (2023: £53,400). At the end of the financial year the amount owing to the Company was £12,917 (2023: £25,100) which is repayable on demand.


Page 7