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REGISTERED NUMBER: 10175570 (England and Wales)















HSE People Ltd

Unaudited Financial Statements for the Year Ended 31 May 2024






HSE People Ltd (Registered number: 10175570)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


HSE People Ltd

Company Information
for the Year Ended 31 May 2024







Directors: M P Lambert
Mrs R E Lambert





Registered office: 44 Coverley Road
South Witham
Grantham
Lincolnshire
NG33 5SP





Registered number: 10175570 (England and Wales)





Accountants: Rupert King & Company Limited
Stanton House
31 Westgate
Grantham
Lincolnshire
NG31 6LX

HSE People Ltd (Registered number: 10175570)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 3,758 4,686
3,758 4,686

Current assets
Debtors 6 79,642 56,259
Cash at bank 3,896 -
83,538 56,259
Creditors
Amounts falling due within one year 7 65,911 36,165
Net current assets 17,627 20,094
Total assets less current liabilities 21,385 24,780

Creditors
Amounts falling due after more than one
year

8

21,000

24,000
Net assets 385 780

Capital and reserves
Called up share capital 9 2 2
Retained earnings 10 383 778
Shareholders' funds 385 780

HSE People Ltd (Registered number: 10175570)

Balance Sheet - continued
31 May 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





M P Lambert - Director


HSE People Ltd (Registered number: 10175570)

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

1. Statutory information

HSE People Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

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.


HSE People Ltd (Registered number: 10175570)

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

2. Accounting policies - continued
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.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 June 2023
and 31 May 2024 5,000
Amortisation
At 1 June 2023
and 31 May 2024 5,000
Net book value
At 31 May 2024 -
At 31 May 2023 -

HSE People Ltd (Registered number: 10175570)

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

5. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 June 2023 10,050 568 5,906 16,524
Additions - - 457 457
At 31 May 2024 10,050 568 6,363 16,981
Depreciation
At 1 June 2023 7,942 270 3,626 11,838
Charge for year 422 60 903 1,385
At 31 May 2024 8,364 330 4,529 13,223
Net book value
At 31 May 2024 1,686 238 1,834 3,758
At 31 May 2023 2,108 298 2,280 4,686

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Directors' current accounts 66,193 56,259
s.455 tax 13,449 -
79,642 56,259

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 3,000 3,005
Other loans 12,500 -
Corporation tax 40,935 23,300
Social security and other taxes 544 187
VAT 5,888 8,788
Other creditors 1,969 -
Accrued expenses 1,075 885
65,911 36,165

HSE People Ltd (Registered number: 10175570)

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

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 3,000 3,000
Bank loans - 2-5 years 9,000 9,000
Bank loans more 5 yr by instal 9,000 12,000
21,000 24,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,000 12,000

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. Reserves
Retained
earnings
£   

At 1 June 2023 778
Profit for the year 95,605
Dividends (96,000 )
At 31 May 2024 383

11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
M P Lambert
Balance outstanding at start of year 28,129 20,503
Amounts advanced 17,467 28,129
Amounts repaid (12,500 ) (20,503 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,096 28,129

HSE People Ltd (Registered number: 10175570)

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

11. Directors' advances, credits and guarantees - continued

Mrs R E Lambert
Balance outstanding at start of year 28,130 20,504
Amounts advanced 17,467 28,130
Amounts repaid (12,500 ) (20,504 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,097 28,130