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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
Page
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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
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PEOPLE AND PRODUCT LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,435 
1,925 
Current assets
Debtors
7,413 
709 
Cash at bank and in hand
39,391 
38,554 
46,804 
39,263 
Creditors: amounts falling due within one year
(14,559)
(9,786)
Net current assets
32,245 
29,477 
Net assets
34,680 
31,402 
Capital and reserves
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
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PEOPLE AND PRODUCT LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
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.
Turnover
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.
4
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 
Additions
320 
1,542 
1,862 
At 30 June 2024
12,479 
13,266 
25,745 
Depreciation
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 
Net book value
At 30 June 2024
284 
2,151 
2,435 
At 30 June 2023
- 
1,925 
1,925 
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PEOPLE AND PRODUCT LIMITED Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,600 
- 
Accrued income and prepayments
500 
- 
Other debtors
313 
709 
7,413 
709 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,153 
- 
Trade creditors
660 
- 
Taxes and social security
10,746 
9,786 
14,559 
9,786 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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