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REGISTERED NUMBER: 07175361 (England and Wales)















People, Team And Change Solutions
Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






People, Team And Change Solutions
Limited (Registered number: 07175361)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


People, Team And Change Solutions
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M V Dean
Mrs C A Dean





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: 51 Hawthorne Avenue
Rainham
Gillingham
Kent
ME8 6TR





REGISTERED NUMBER: 07175361 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

People, Team And Change Solutions
Limited (Registered number: 07175361)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 420 -

CURRENT ASSETS
Debtors 5 22,415 28,862
Cash at bank 81,750 80,677
104,165 109,539
CREDITORS
Amounts falling due within one year 6 21,217 33,486
NET CURRENT ASSETS 82,948 76,053
TOTAL ASSETS LESS CURRENT LIABILITIES 83,368 76,053

CAPITAL AND RESERVES
Called up share capital 7 3 3
Retained earnings 83,365 76,050
SHAREHOLDERS' FUNDS 83,368 76,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:



M V Dean - Director


People, Team And Change Solutions
Limited (Registered number: 07175361)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

People, Team And Change Solutions Limited 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. ACCOUNTING POLICIES

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

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

People, Team And Change Solutions
Limited (Registered number: 07175361)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 3,799
Additions 503
Disposals (1,677 )
At 31 March 2024 2,625
DEPRECIATION
At 1 April 2023 3,799
Charge for year 83
Eliminated on disposal (1,677 )
At 31 March 2024 2,205
NET BOOK VALUE
At 31 March 2024 420

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,015 24,102
Other debtors 400 4,760
22,415 28,862

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,955 23,420
Taxation and social security 8,269 9,013
Other creditors 1,993 1,053
21,217 33,486

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary A £1 2 2
1 Ordinary B £1 1 1
3 3

People, Team And Change Solutions
Limited (Registered number: 07175361)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M V Dean
Balance outstanding at start of year 4,383 -
Amounts advanced - 4,383
Amounts repaid (4,383 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,383