IRIS Accounts Production v24.3.0.553 SC566075 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5660752023-05-31SC5660752024-05-31SC5660752023-06-012024-05-31SC5660752022-05-31SC5660752022-06-012023-05-31SC5660752023-05-31SC566075ns15:Scotland2023-06-012024-05-31SC566075ns14:PoundSterling2023-06-012024-05-31SC566075ns10:Director12023-06-012024-05-31SC566075ns10:PrivateLimitedCompanyLtd2023-06-012024-05-31SC566075ns10:SmallEntities2023-06-012024-05-31SC566075ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-31SC566075ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-31SC566075ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-31SC566075ns10:FullAccounts2023-06-012024-05-31SC56607512023-06-012024-05-31SC566075ns10:Director22023-06-012024-05-31SC566075ns10:CompanySecretary12023-06-012024-05-31SC566075ns10:RegisteredOffice2023-06-012024-05-31SC566075ns5:CurrentFinancialInstruments2024-05-31SC566075ns5:CurrentFinancialInstruments2023-05-31SC566075ns5:Non-currentFinancialInstruments2024-05-31SC566075ns5:Non-currentFinancialInstruments2023-05-31SC566075ns5:ShareCapital2024-05-31SC566075ns5:ShareCapital2023-05-31SC566075ns5:RetainedEarningsAccumulatedLosses2024-05-31SC566075ns5:RetainedEarningsAccumulatedLosses2023-05-31SC566075ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-31SC566075ns5:ComputerSoftware2023-06-012024-05-31SC566075ns5:PlantMachinery2023-06-012024-05-31SC566075ns5:IntangibleAssetsOtherThanGoodwill2023-05-31SC566075ns5:IntangibleAssetsOtherThanGoodwill2024-05-31SC566075ns5:IntangibleAssetsOtherThanGoodwill2023-05-31SC566075ns5:PlantMachinery2023-05-31SC566075ns5:PlantMachinery2024-05-31SC566075ns5:PlantMachinery2023-05-31SC566075ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-31SC566075ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: SC566075 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

CONFIDAS PEOPLE LTD

CONFIDAS PEOPLE LTD (REGISTERED NUMBER: SC566075)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CONFIDAS PEOPLE LTD

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTORS: BAF Douglas
Ms H E Davies



SECRETARY: BAF Douglas



REGISTERED OFFICE: 44/5 Queen Street
Edinburgh
Lothian
EH2 3NH



REGISTERED NUMBER: SC566075 (Scotland)



ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ



BANKERS: Royal Bank of Scotland
30 Nicolson Street
Edinburgh
EH8 9DL

CONFIDAS PEOPLE LTD (REGISTERED NUMBER: SC566075)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 700 1,400
Tangible assets 5 4,018 2,983
4,718 4,383

CURRENT ASSETS
Stocks - 122,733
Debtors 6 232,702 6,741
Cash at bank 261 40
232,963 129,514
CREDITORS
Amounts falling due within one year 7 179,668 103,576
NET CURRENT ASSETS 53,295 25,938
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,013

30,321

CREDITORS
Amounts falling due after more than one year 8 19,316 29,101
NET ASSETS 38,697 1,220

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,597 1,120
38,697 1,220

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 4 November 2024 and were signed on its behalf by:




BAF Douglas - Director


CONFIDAS PEOPLE LTD (REGISTERED NUMBER: SC566075)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024


1. STATUTORY INFORMATION

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

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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 etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Deferred tax
Deferred tax is recognised in respect of all material 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

CONFIDAS PEOPLE LTD (REGISTERED NUMBER: SC566075)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 3,500
AMORTISATION
At 1 June 2023 2,100
Charge for year 700
At 31 May 2024 2,800
NET BOOK VALUE
At 31 May 2024 700
At 31 May 2023 1,400

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 6,679
Additions 2,374
At 31 May 2024 9,053
DEPRECIATION
At 1 June 2023 3,696
Charge for year 1,339
At 31 May 2024 5,035
NET BOOK VALUE
At 31 May 2024 4,018
At 31 May 2023 2,983

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,449 4,567
Amounts recoverable on contract 151,980 -
Other debtors 5,273 2,174
232,702 6,741

CONFIDAS PEOPLE LTD (REGISTERED NUMBER: SC566075)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,012 13,162
Taxation and social security 140,821 78,261
Other creditors 15,835 12,153
179,668 103,576

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 19,316 29,101

9. RELATED PARTY DISCLOSURES

Included within other debtors are loans to companies which are under common control amounting to £186 (2023: £Nil). This loan which is unsecured is provided interest free and has no agreed terms of repayment.

10. BOUNCE BACK LOAN SCHEME

The company borrowed £50,000 under the Governments Bounce Back Loan Scheme. Under the scheme the Government provides the bank with a guarantee that the loan will be repaid in full. Interest is charged at the rate of 2.5% and the loan is repayable by installments as detailed below.

2024 2023
£    £   
< 1 year 9,785 9,785
2-5 years 19,316 29,101
> 5 years - -
29,101 38,886