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Registered Number: 05541580
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 March 2024

for

PRIMARY PEOPLE LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 129    188 
Investments 4 10,000    10,000 
10,129    10,188 
Current assets      
Debtors 5 19,220    24,521 
Investments 6   2,201 
Cash at bank and in hand 36,399    41,768 
55,619    68,490 
Creditors: amount falling due within one year 7 (12,360)   (25,021)
Net current assets 43,259    43,469 
 
Total assets less current liabilities 53,388    53,657 
Creditors: amount falling due after more than one year 8 (4,750)   (7,750)
Net assets 48,638    45,907 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 48,538    45,807 
Shareholders' funds 48,638    45,907 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 28 May 2024 and were signed by:


-------------------------------
Richard Charles Maun
Director
1
General Information
Primary People Limited is a private company, limited by shares, registered in England and Wales, registration number 05541580, registration address 13 The Close, Norwich, NR1 4DS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 April 2023 4,382    4,382 
Additions  
Disposals  
At 31 March 2024 4,382    4,382 
Depreciation
At 01 April 2023 4,194    4,194 
Charge for year 59    59 
On disposals  
At 31 March 2024 4,253    4,253 
Net book values
Closing balance as at 31 March 2024 129    129 
Opening balance as at 01 April 2023 188    188 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2023 10,000    10,000 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2024 10,000    10,000 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 7,550    24,521 
Other Debtors 1,000   
Directors' Current Accounts 10,670   
19,220    24,521 

6.

Investments

2024
£
  2023
£
Other Investments - Unlisted - Cost b/fwd   2,201 
  2,201 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Bank Loans & Overdrafts 3,000    3,000 
Corporation Tax 7,776    9,810 
Accrued Expenses 1,584    1,783 
Directors' Current Accounts   10,428 
12,360    25,021 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 4,750    7,750 
4,750    7,750 

2