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Company Registration No. 10713286 (England and Wales)
People at Work (HR Services) Ltd Unaudited accounts for the year ended 30 April 2024
People at Work (HR Services) Ltd Unaudited accounts Contents
Page
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People at Work (HR Services) Ltd Company Information for the year ended 30 April 2024
Director
Mohan Raymond Rasanayagam
Company Number
10713286 (England and Wales)
Registered Office
Suite 1-3 The Hop Exchange, ,24 Southwark London SE1 1TY England
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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People at Work (HR Services) Ltd Accountants' report
Accountants' report to the director of People at Work (HR Services) Ltd on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of People at Work (HR Services) Ltd for the year ended 30 April 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of People at Work (HR Services) Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of People at Work (HR Services) Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than People at Work (HR Services) Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that People at Work (HR Services) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of People at Work (HR Services) Ltd. You consider that People at Work (HR Services) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of People at Work (HR Services) Ltd. 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 accounts.
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY 30 April 2024
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People at Work (HR Services) Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
3,166 
20,185 
Cash at bank and in hand
6,511 
981 
9,677 
21,166 
Creditors: amounts falling due within one year
(13,580)
(21,231)
Net current liabilities
(3,903)
(65)
Total assets less current liabilities
(3,903)
(65)
Creditors: amounts falling due after more than one year
2,414 
67 
Net (liabilities)/assets
(1,489)
2 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(1,499)
(8)
Shareholders' funds
(1,489)
2 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 October 2024 and were signed on its behalf by
Mohan Raymond Rasanayagam Director Company Registration No. 10713286
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People at Work (HR Services) Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
People at Work (HR Services) Ltd is a private company, limited by shares, registered in England and Wales, registration number 10713286. The registered office is Suite 1-3, The Hop Exchange, ,24 Southwark , London, SE1 1TY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.3% on a straight line basis
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.
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People at Work (HR Services) Ltd Notes to the Accounts for the year ended 30 April 2024
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2023
649 
At 30 April 2024
649 
Depreciation
At 1 May 2023
649 
At 30 April 2024
649 
Net book value
At 30 April 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
3,166 
20,185 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,670 
2,670 
Trade creditors
- 
287 
Taxes and social security
10,910 
12,879 
Other creditors
- 
5,395 
13,580 
21,231 
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People at Work (HR Services) Ltd Notes to the Accounts for the year ended 30 April 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,981 
5,328 
Other creditors
(5,395)
(5,395)
(2,414)
(67)
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mohan Raymond Rasanayagam
Director's Loan Account
16,599 
- 
16,599 
- 
Director's Loan Account
- 
3,166 
- 
3,166 
16,599 
3,166 
16,599 
3,166 
The overdrawn Directors Loan account is due for repayment by 31st January 2023. An interest rate of 2.5% has already been applied.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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