Company Registration No. 10131909 (England and Wales)
PEOPLE AND PRODUCT LIMITED
Unaudited accounts
for the year ended 30 June 2024
PEOPLE AND PRODUCT LIMITED
Unaudited accounts
Contents
PEOPLE AND PRODUCT LIMITED
Company Information
for the year ended 30 June 2024
Directors
Lawrence Kitson
Victoria Mccorkell
Company Number
10131909 (England and Wales)
Registered Office
C/O Aidhan and Partners
8 Devonshire Square
London,
EC2M 4PL
Accountants
Aidhan and Partners
Simply Accountants Ltd
8 Devonshire Square
London
EC2M 4PL
PEOPLE AND PRODUCT LIMITED
Statement of financial position
as at 30 June 2024
Tangible assets
2,435
1,925
Cash at bank and in hand
39,391
38,554
Creditors: amounts falling due within one year
(14,559)
(9,786)
Net current assets
32,245
29,477
Called up share capital
100
100
Profit and loss account
34,580
31,302
Shareholders' funds
34,680
31,402
For the year ending 30 June 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 13 September 2024 and were signed on its behalf by
Lawrence Kitson
Director
Company Registration No. 10131909
PEOPLE AND PRODUCT LIMITED
Notes to the Accounts
for the year ended 30 June 2024
PEOPLE AND PRODUCT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10131909. The registered office is C/O Aidhan and Partners , 8 Devonshire Square, London,, EC2M 4PL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The turnover shown in the profit and loss account represents revenue recognised by the company exclusive of Value Added Tax
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:
Plant & machinery
33.33% on cost using the straight line method.
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
12,159
11,724
23,883
At 30 June 2024
12,479
13,266
25,745
At 1 July 2023
12,159
9,799
21,958
Charge for the year
36
1,316
1,352
At 30 June 2024
12,195
11,115
23,310
At 30 June 2024
284
2,151
2,435
At 30 June 2023
-
1,925
1,925
PEOPLE AND PRODUCT LIMITED
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Accrued income and prepayments
500
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
10,746
9,786
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 2 (2023: 2).