1 June 2023 false No description of principal activity Taxfiler 2024.5 true 06254238business:PrivateLimitedCompanyLtd2023-06-012024-05-31 062542382023-05-31 062542382023-06-012024-05-31 06254238business:AuditExemptWithAccountantsReport2023-06-012024-05-31 06254238business:FilletedAccounts2023-06-012024-05-31 062542382024-05-31 06254238business:Director12023-06-012024-05-31 06254238business:Director22023-06-012024-05-31 06254238business:RegisteredOffice2023-06-012024-05-31 062542382023-05-31 06254238core:WithinOneYear2024-05-31 06254238core:WithinOneYear2023-05-31 06254238core:AfterOneYear2024-05-31 06254238core:AfterOneYear2023-05-31 06254238core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 06254238core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 06254238core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 06254238core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 06254238core:PreviouslyStatedAmount2024-05-31 06254238core:PreviouslyStatedAmount2023-05-31 06254238business:SmallEntities2023-06-012024-05-31 06254238countries:EnglandWales2023-06-012024-05-31 06254238core:FurnitureFittings2023-06-012024-05-31 06254238core:FurnitureFittings2023-05-31 06254238core:FurnitureFittings2024-05-31 06254238core:BetweenOneFiveYears2024-05-31 06254238core:BetweenOneFiveYears2023-05-31 06254238business:Director112023-06-012024-05-31 06254238business:Director112023-05-31 06254238business:Director112024-05-31 062542382022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 06254238 (England and Wales)
Six Degree People Limited Unaudited accounts for the year ended 31 May 2024
Six Degree People Limited Unaudited accounts Contents
Page
- 2 -
Six Degree People Limited Company Information for the year ended 31 May 2024
Directors
Andrew James Sarah Joanne Morrell
Company Number
06254238 (England and Wales)
Registered Office
71-75 Shelton Street London WC2H 9JQ United Kingdom
Accountants
Agata Tobin Kalculate Ul. Krolowej Bony 10/19 Ketrzyn Poland 11-400
- 3 -
Six Degree People Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
297 
Investments
6 
6 
6 
303 
Current assets
Debtors
17,480 
73,694 
Cash at bank and in hand
(22,533)
(20,815)
(5,053)
52,879 
Creditors: amounts falling due within one year
(20,512)
(42,306)
Net current (liabilities)/assets
(25,565)
10,573 
Total assets less current liabilities
(25,559)
10,876 
Creditors: amounts falling due after more than one year
(5,358)
(10,584)
Net (liabilities)/assets
(30,917)
292 
Capital and reserves
Called up share capital
144 
144 
Profit and loss account
(31,061)
148 
Shareholders' funds
(30,917)
292 
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by
Andrew James Director Company Registration No. 06254238
- 4 -
Six Degree People Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Six Degree People Limited is a private company, limited by shares, registered in England and Wales, registration number 06254238. The registered office is 71-75 Shelton Street, London, WC2H 9JQ, United Kingdom.
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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tax
The tax expense for the period comprises current and deferred tax. Tax recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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:
Fixtures & fittings
25% straight line
- 5 -
Six Degree People Limited Notes to the Accounts for the year ended 31 May 2024
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
Investments in shares are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants are recognised as income over the periods necessary to match them with the related costs which they are intended to compensate.
Going concern
The director(s) is satisfied that the company has adequate resources to continue to operate for the foreseeable future. They have therefore prepared the financial statements on a going concern basis.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
2,147 
At 31 May 2024
2,147 
Depreciation
At 1 June 2023
1,850 
Charge for the year
297 
At 31 May 2024
2,147 
Net book value
At 31 May 2024
- 
At 31 May 2023
297 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 June 2023
6 
Valuation at 31 May 2024
6 
- 6 -
Six Degree People Limited Notes to the Accounts for the year ended 31 May 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
621 
691 
Trade debtors
- 
10,718 
Other debtors
- 
45,426 
621 
56,835 
Amounts falling due after more than one year
Other debtors
16,859 
16,859 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,226 
5,096 
Trade creditors
55 
242 
Taxes and social security
9,538 
29,666 
Other creditors
46 
4,802 
Loans from directors
3,147 
- 
Accruals
2,500 
2,500 
20,512 
42,306 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,358 
10,584 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 May 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
9,305 
11,103 
Later than one year and not later than five years
14,734 
6,477 
24,039 
17,580 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Andrew James
Loans to related party
45,426 
- 
48,573 
(3,147)
45,426 
- 
48,573 
(3,147)
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 7 -