Placing Faces Ltd 09944882 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Recruitment Digita Accounts Production Advanced 6.30.9574.0 true 09944882 2023-02-01 2024-01-31 09944882 2024-01-31 09944882 bus:Director1 1 2024-01-31 09944882 bus:Director2 1 2024-01-31 09944882 bus:OrdinaryShareClass1 2024-01-31 09944882 core:CurrentFinancialInstruments 2024-01-31 09944882 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 09944882 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 09944882 core:FurnitureFittingsToolsEquipment 2024-01-31 09944882 bus:SmallEntities 2023-02-01 2024-01-31 09944882 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09944882 bus:FilletedAccounts 2023-02-01 2024-01-31 09944882 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09944882 bus:RegisteredOffice 2023-02-01 2024-01-31 09944882 bus:Director1 2023-02-01 2024-01-31 09944882 bus:Director1 1 2023-02-01 2024-01-31 09944882 bus:Director2 2023-02-01 2024-01-31 09944882 bus:Director2 1 2023-02-01 2024-01-31 09944882 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 09944882 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09944882 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 09944882 countries:AllCountries 2023-02-01 2024-01-31 09944882 2023-01-31 09944882 bus:Director1 1 2023-01-31 09944882 bus:Director2 1 2023-01-31 09944882 core:FurnitureFittingsToolsEquipment 2023-01-31 09944882 2022-02-01 2023-01-31 09944882 2023-01-31 09944882 bus:OrdinaryShareClass1 2023-01-31 09944882 core:CurrentFinancialInstruments 2023-01-31 09944882 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 09944882 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 09944882 core:FurnitureFittingsToolsEquipment 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09944882

Placing Faces Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Placing Faces Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Placing Faces Ltd

Company Information

Directors

Miss EF Peabody

Mr AHJ Holland

Registered office

Studio 26
SUM Studios
1 Hartley Street
Sheffield
S2 3AQ

Accountants

Cameron Alexander Accountants Ltd
Chartered Certified Accountants
2 Western Street
Barnsley
South Yorkshire
S70 2BP

 

Placing Faces Ltd

(Registration number: 09944882)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

1,304

2,194

Current assets

 

Debtors

4

32,039

2,653

Cash at bank and in hand

 

197

32,177

 

32,236

34,830

Creditors: Amounts falling due within one year

5

(30,356)

(24,210)

Net current assets

 

1,880

10,620

Total assets less current liabilities

 

3,184

12,814

Creditors: Amounts falling due after more than one year

5

(2,933)

(5,133)

Provisions for liabilities

(248)

(417)

Net assets

 

3

7,264

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

1

7,262

Shareholders' funds

 

3

7,264

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 October 2024 and signed on its behalf by:
 

.........................................
Mr AHJ Holland
Director

 

Placing Faces Ltd

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

1

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is 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 tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% reducing balance

 

Placing Faces Ltd

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

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 5).

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

4,083

4,083

Disposals

(2,066)

(2,066)

At 31 January 2024

2,017

2,017

Depreciation

At 1 February 2023

1,889

1,889

Charge for the year

434

434

Eliminated on disposal

(1,610)

(1,610)

At 31 January 2024

713

713

Carrying amount

At 31 January 2024

1,304

1,304

At 31 January 2023

2,194

2,194

 

Placing Faces Ltd

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

4

Debtors

Current

2024
£

2023
£

Trade debtors

18,600

2,520

Prepayments

166

133

Other debtors

13,273

-

 

32,039

2,653

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

2,200

2,200

Trade creditors

 

135

121

Taxation and social security

 

4,933

7,462

Other creditors

 

23,088

14,427

 

30,356

24,210

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

2,933

5,133

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       
 

Placing Faces Ltd

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

7

Related party transactions

Transactions with directors

2024

At 1 February 2023
£

Advances to director
£

At 31 January 2024
£

Miss EF Peabody

No interest is charged on the loan and there is no fixed date of repayment

241

(5,203)

(4,962)

Mr AHJ Holland

No interest is charged on the loan and there is no fixed date of repayment

241

(5,203)

(4,962)