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REGISTERED NUMBER: 05991337 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

People Activation Limited

People Activation Limited (Registered number: 05991337)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


People Activation Limited (Registered number: 05991337)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,734 31,928
Investments 5 1 1
24,735 31,929

CURRENT ASSETS
Stocks 63,338 104,559
Debtors 6 314,943 743,325
Cash at bank and in hand 1,004,934 726,767
1,383,215 1,574,651
CREDITORS
Amounts falling due within one year 7 (481,708 ) (824,976 )
NET CURRENT ASSETS 901,507 749,675
TOTAL ASSETS LESS CURRENT LIABILITIES 926,242 781,604

PROVISIONS FOR LIABILITIES (6,184 ) (5,894 )
NET ASSETS 920,058 775,710

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 17,234 17,234
Retained earnings 901,824 757,476
920,058 775,710

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.

People Activation Limited (Registered number: 05991337)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





Mr C Teague - Director


People Activation Limited (Registered number: 05991337)

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

1. STATUTORY INFORMATION

People Activation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05991337

Registered office: 5th Floor
The Hive
47 Lever Street
Manchester
Greater Manchester
M1 1FN

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


People Activation Limited (Registered number: 05991337)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 175,738 37,644 213,382
Additions - 5,164 5,164
Disposals (440 ) (7,380 ) (7,820 )
At 31 March 2024 175,298 35,428 210,726
DEPRECIATION
At 1 April 2023 159,189 22,265 181,454
Charge for year 6,187 6,171 12,358
Eliminated on disposal (440 ) (7,380 ) (7,820 )
At 31 March 2024 164,936 21,056 185,992
NET BOOK VALUE
At 31 March 2024 10,362 14,372 24,734
At 31 March 2023 16,549 15,379 31,928

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

People Activation Limited (Registered number: 05991337)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 122,050 260,369
Other debtors 192,893 482,956
314,943 743,325

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 29,591 170,725
Amounts owed to group undertakings - 137,113
Taxation and social security 196,998 138,248
Other creditors 255,119 378,890
481,708 824,976

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 64,366 68,585
Between one and five years 70,172 134,538
134,538 203,123

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Rapport & People Holdings Limited.