2023-11-012024-10-312024-10-31false13673471The Party People Midlands 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The Party People Midlands Limited

Registered Number
13673471
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

The Party People Midlands Limited
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

Heather-Marie Brook
Jacob Roy Brook

Registered Address

21 Ashleigh Drive
Uttoxeter
ST14 7RG

Registered Number

13673471 (England and Wales)
The Party People Midlands Limited
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets36,25111,147
6,25111,147
Current assets
Cash at bank and on hand253334
253334
Creditors amounts falling due within one year(7,753)(12,751)
Net current assets (liabilities)(7,500)(12,417)
Total assets less current liabilities(1,249)(1,270)
Net assets(1,249)(1,270)
Capital and reserves
Called up share capital100100
Profit and loss account(1,349)(1,370)
Shareholders' funds(1,249)(1,270)
The financial statements were approved and authorised for issue by the Board of Directors on 15 January 2025, and are signed on its behalf by:
Jacob Roy Brook
Director
Registered Company No. 13673471
The Party People Midlands Limited
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.  It is your duty to ensure that The Party People Midlands Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of the company. You consider that The Party People Midlands Limited is exempt from the statutory audit requirement for the year. We draw your attention to note 1 to the financial statements. The company is reliant upon the continued financial support of its directors, shareholders and related parties. The financial statements do not include any adjustments that would result if the company were unable to continue as going concern.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 2317,129
At 31 October 2417,129
Depreciation and impairment
At 01 November 235,983
Charge for year4,895
At 31 October 2410,878
Net book value
At 31 October 246,251
At 31 October 2311,147