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REGISTERED NUMBER: 13760906 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

BY THE PEOPLE LTD

BY THE PEOPLE LTD (REGISTERED NUMBER: 13760906)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BY THE PEOPLE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: H E Cowley
A R Cowley





REGISTERED OFFICE: 73 Pelham Way
Cottenham
Cambridge
Cambridgeshire
CB24 8TQ





REGISTERED NUMBER: 13760906 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

BY THE PEOPLE LTD (REGISTERED NUMBER: 13760906)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 485 647

CURRENT ASSETS
Stocks 500 1,000
Debtors 6 10 740
Cash at bank 3,822 3,387
4,332 5,127
CREDITORS
Amounts falling due within one year 7 (5,805 ) (5,603 )
NET CURRENT LIABILITIES (1,473 ) (476 )
TOTAL ASSETS LESS CURRENT LIABILITIES (988 ) 171

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,088 ) 71
(988 ) 171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:




H E Cowley - Director


BY THE PEOPLE LTD (REGISTERED NUMBER: 13760906)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

By The 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

At the balance sheet date the company's liabilities exceeded its assets by £988. The company has the support of the director and as such is expected to meet its liabilities as they fall due. The financial statements have been prepare on a going concern basis.

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

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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

BY THE PEOPLE LTD (REGISTERED NUMBER: 13760906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 810
DEPRECIATION
At 1 December 2022 163
Charge for year 162
At 30 November 2023 325
NET BOOK VALUE
At 30 November 2023 485
At 30 November 2022 647

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 10 740

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 4,523
Other creditors 5,805 1,080
5,805 5,603

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 November 2023 and the period ended 30 November 2022:

2023 2022
£    £   
H E Cowley and A R Cowley
Balance outstanding at start of year 740 -
Amounts advanced - 740
Amounts repaid (740 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 740

9. TRANSITION

The company has transitioned from preparing its financial statements under micro entity rules to FRS102. The transition has not resulted in any transitional adjustments.

BY THE PEOPLE LTD (REGISTERED NUMBER: 13760906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

10. RELATED PARTY TRANSACTIONS

At the balance sheet date the company owed the director £4,785 (2022: £740 debit balance). The amount bears no interest, is repayable on demand and is disclosed under liabilities due in less than one year.