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IntaPeople Limited

Financial Statements for the Year Ended 31 March 2024






IntaPeople Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P J Handley
H Handley
A Warner





REGISTERED OFFICE: Charnwood House
13A Collivaud Place
Ocean Way
Cardiff
CF24 5HF





REGISTERED NUMBER: 02968797 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
IntaPeople Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of IntaPeople Limited for the year ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of IntaPeople Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of IntaPeople Limited and state those matters that we have agreed to state to the Board of Directors of IntaPeople Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IntaPeople Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that IntaPeople Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of IntaPeople Limited. You consider that IntaPeople Limited 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 financial statements of IntaPeople Limited. 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 financial statements.






BPU Limited
Chartered Accountants


31 October 2024

IntaPeople Limited (Registered number: 02968797)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 3 - 2,500
Tangible assets 4 6,639 9,916
Investments 5 201 201
6,840 12,617

CURRENT ASSETS
Debtors 6 985,690 834,022
Cash at bank and in hand 4,788 8,566
990,478 842,588
CREDITORS
Amounts falling due within one year 7 740,513 500,268
NET CURRENT ASSETS 249,965 342,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,805

354,937

CREDITORS
Amounts falling due after more than
one year

8

(19,287

)

(29,072

)

PROVISIONS FOR LIABILITIES - (3,000 )
NET ASSETS 237,518 322,865

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 237,318 322,665
SHAREHOLDERS' FUNDS 237,518 322,865

IntaPeople Limited (Registered number: 02968797)

Balance Sheet - continued
31 March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





P J Handley - Director


IntaPeople Limited (Registered number: 02968797)

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


1. 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 represents net invoiced sales of services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% straight line
Fixtures and fittings - 20% straight line
Cycle to work scheme - 100% straight line

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

IntaPeople Limited (Registered number: 02968797)

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


1. ACCOUNTING POLICIES - continued

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 28 ) .

3. INTANGIBLE FIXED ASSETS
Computer
software
£
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023 7,500
Amortisation for year 2,500
At 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 2,500

IntaPeople Limited (Registered number: 02968797)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Office and Cycle to
equipment fittings work scheme Totals
£ £ £ £
COST
At 1 April 2023 60,657 39,373 3,482 103,512
Additions - - 2,960 2,960
At 31 March 2024 60,657 39,373 6,442 106,472
DEPRECIATION
At 1 April 2023 50,886 39,373 3,337 93,596
Charge for year 4,119 - 2,118 6,237
At 31 March 2024 55,005 39,373 5,455 99,833
NET BOOK VALUE
At 31 March 2024 5,652 - 987 6,639
At 31 March 2023 9,771 - 145 9,916

5. FIXED ASSET INVESTMENTS



Shares in
group
undertakings
£
COST
At 1 April 2022
and 31 March 2023 201
NET BOOK VALUE
At 31 March 2023 201
At 31 March 2022 201

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 554,324 430,604
Other debtors & prepayments 431,366 403,418
985,690 834,022

IntaPeople Limited (Registered number: 02968797)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 232,570 64,581
Trade creditors 361,879 259,098
Taxes & social security costs 72,870 105,704
Other creditors & accruals 73,194 70,885
740,513 500,268

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£ £
Bank loans 19,287 29,072

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank overdraft 222,762 -
Bank loans 29,095 -
251,857 -

Bank loans and overdrafts are secured by a fixed and floating charge over all the assets of the company.

10. OTHER FINANCIAL COMMITMENTS

Financial commitments relating to lease rental contracts as at 31 March 2024 total £94,839 over the remainder of the term (2023: £31,608).

11. ULTIMATE PARENT UNDERTAKING

The company's ultimate parent undertaking is Intapeople Group Limited, a company incorporated in England and Wales.