23 February 2023 false No description of principal activity Taxfiler 2024.6 14684348business:PrivateLimitedCompanyLtd2023-02-232024-02-29 146843482023-02-22 146843482023-02-232024-02-29 14684348business:AuditExemptWithAccountantsReport2023-02-232024-02-29 14684348business:FilletedAccounts2023-02-232024-02-29 146843482024-02-29 14684348business:Director12023-02-232024-02-29 14684348business:Director22023-02-232024-02-29 14684348business:RegisteredOffice2023-02-232024-02-29 14684348core:WithinOneYear2024-02-29 14684348core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 14684348core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 14684348core:PreviouslyStatedAmount2024-02-29 14684348business:SmallEntities2023-02-232024-02-29 14684348countries:EnglandWales2023-02-232024-02-29 14684348core:WithinOneYear2023-02-232024-02-29 iso4217:GBP xbrli:pure
Company Registration No. 14684348 (England and Wales)
PEOPLE SUPPORTED TECHNOLOGIES LIMITED Unaudited accounts for the period from 23 February 2023 to 29 February 2024
PEOPLE SUPPORTED TECHNOLOGIES LIMITED Unaudited accounts Contents
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PEOPLE SUPPORTED TECHNOLOGIES LIMITED Company Information for the period from 23 February 2023 to 29 February 2024
Directors
Georgina Denis Dr Niccolo Pescetelli
Company Number
14684348 (England and Wales)
Registered Office
THIRD FLOOR 20 OLD BAILEY LONDON EC4M 7AN UNITED KINGDOM
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PEOPLE SUPPORTED TECHNOLOGIES LIMITED Statement of financial position as at 29 February 2024
2024 
Notes
£ 
Current assets
Debtors
541 
Cash at bank and in hand
140,378 
140,919 
Creditors: amounts falling due within one year
(139,413)
Net current assets
1,506 
Net assets
1,506 
Capital and reserves
Called up share capital
1,020 
Profit and loss account
486 
Shareholders' funds
1,506 
For the period ending 29 February 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 29 October 2024 and were signed on its behalf by
Dr Niccolo Pescetelli Director Company Registration No. 14684348
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PEOPLE SUPPORTED TECHNOLOGIES LIMITED Notes to the Accounts for the period from 23 February 2023 to 29 February 2024
1
Statutory information
PEOPLE SUPPORTED TECHNOLOGIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14684348. The registered office is THIRD FLOOR, 20 OLD BAILEY, LONDON, EC4M 7AN, 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
These financial statements for the period from 23 February 2023 to 29 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 23 February 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
4
Debtors
2024 
£ 
Amounts falling due within one year
VAT
541 
5
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
751 
Taxes and social security
115 
Other creditors
138,167 
Loans from directors
380 
139,413 
The funds were transferred from Suru Together Limited, This capital was initially raised under a SAFE agreement to support the startup's operations and strategic initiatives. The funds were subsequently transferred to People Supported Technologies Limited which is to be the parent company, The funds have been treated as loan as of the reporting date.
6
Average number of employees
During the period the average number of employees was 0.
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