Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01falseDesigning and developing social ventures52truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07447400 2023-03-01 2024-02-29 07447400 2022-03-01 2023-02-28 07447400 2024-02-29 07447400 2023-02-28 07447400 c:Director1 2023-03-01 2024-02-29 07447400 d:FurnitureFittings 2023-03-01 2024-02-29 07447400 d:FurnitureFittings 2024-02-29 07447400 d:FurnitureFittings 2023-02-28 07447400 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07447400 d:ComputerEquipment 2023-03-01 2024-02-29 07447400 d:ComputerEquipment 2024-02-29 07447400 d:ComputerEquipment 2023-02-28 07447400 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07447400 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07447400 d:CurrentFinancialInstruments 2024-02-29 07447400 d:CurrentFinancialInstruments 2023-02-28 07447400 d:Non-currentFinancialInstruments 2024-02-29 07447400 d:Non-currentFinancialInstruments 2023-02-28 07447400 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07447400 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07447400 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 07447400 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 07447400 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 07447400 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 07447400 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 07447400 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 07447400 d:ShareCapital 2024-02-29 07447400 d:ShareCapital 2023-02-28 07447400 d:RetainedEarningsAccumulatedLosses 2024-02-29 07447400 d:RetainedEarningsAccumulatedLosses 2023-02-28 07447400 c:FRS102 2023-03-01 2024-02-29 07447400 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07447400 c:FullAccounts 2023-03-01 2024-02-29 07447400 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07447400 2 2023-03-01 2024-02-29 07447400 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 07447400










THE GOODPEOPLE BUSINESS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
THE GOODPEOPLE BUSINESS LTD
REGISTERED NUMBER: 07447400

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,487
882

  
1,487
882

Current assets
  

Debtors: amounts falling due within one year
 5 
92,855
103,145

Cash at bank and in hand
 6 
29,091
38,448

  
121,946
141,593

Creditors: amounts falling due within one year
 7 
(97,376)
(112,125)

Net current assets
  
 
 
24,570
 
 
29,468

Total assets less current liabilities
  
26,057
30,350

Creditors: amounts falling due after more than one year
 8 
(24,839)
(29,576)

  

Net assets
  
1,218
774


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,216
772

  
1,218
774


Page 1

 
THE GOODPEOPLE BUSINESS LTD
REGISTERED NUMBER: 07447400
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R D Tyrie
Director

Date: 25 November 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
THE GOODPEOPLE BUSINESS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

The GoodPeople Business Limited is a private company limited by share capital, incorporated in England and Wales. The address of its registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis as the Company's director has confirmed that they will be able to continue to provide the necessary financial support to enable the company to meet its forecast liabilities as they fall due.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
THE GOODPEOPLE BUSINESS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
THE GOODPEOPLE BUSINESS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
Over 3 years
Computer equipment
-
Over 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
THE GOODPEOPLE BUSINESS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial assets

Page 6

 
THE GOODPEOPLE BUSINESS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.15
Financial instruments (continued)

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 5 (2023 - 2).

Page 7

 
THE GOODPEOPLE BUSINESS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Fixtures and fittings
Computer equipment
Total

£
£
£



Cost 


At 1 March 2023
2,870
1,383
4,253


Additions
-
1,102
1,102



At 29 February 2024

2,870
2,485
5,355



Depreciation


At 1 March 2023
2,870
501
3,371


Charge for the year on owned assets
-
497
497



At 29 February 2024

2,870
998
3,868



Net book value



At 29 February 2024
-
1,487
1,487



At 28 February 2023
-
882
882


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
59,067
64,172

Other debtors
33,788
38,973

92,855
103,145



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
29,091
38,448


Page 8

 
THE GOODPEOPLE BUSINESS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
4,732
4,732

Trade creditors
3,281
18,715

Corporation tax
9,278
6,194

Other taxation and social security
66,422
62,171

Other creditors
7,663
2,580

Accruals and deferred income
6,000
17,733

97,376
112,125



8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
24,839
29,576



9.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£

Amounts falling due within one year

Bank loans
4,732
4,732

Amounts falling due 1-2 years

Bank loans
18,928
18,928

Amounts falling due 2-5 years

Bank loans
5,911
10,648


29,571
34,308


Page 9

 
THE GOODPEOPLE BUSINESS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,813 (2023 - £1,392). Contributions totalling £1,135 (2023 - £672) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

At the balance sheet date, the company was owed £33,478 (2023: £32,619) from a director of the company. Interest is charged on the loan at a rate of 2%/2.25% per annum.

 
Page 10