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REGISTERED NUMBER: 08437794 (England and Wales)








































Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Puttingyoufirst Ltd

Puttingyoufirst Ltd (Registered number: 08437794)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Puttingyoufirst Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Ms T A Fielding
Mrs M McMaster





REGISTERED OFFICE: Central Office Unit 17
Hartford Business Centre
Chester Road, Hartford
Northwich
Cheshire
CW8 2AB





REGISTERED NUMBER: 08437794 (England and Wales)





ACCOUNTANTS: Buxton Accounting LLP
Chartered Accountants
98 Middlewich Road
Northwich
Cheshire
CW9 7DA

Puttingyoufirst Ltd (Registered number: 08437794)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 161,000 189,000
Tangible assets 6 147,374 130,267
308,374 319,267

CURRENT ASSETS
Debtors 7 452,190 336,679
Cash at bank and in hand 461,942 496,981
914,132 833,660
CREDITORS
Amounts falling due within one year 8 747,195 690,330
NET CURRENT ASSETS 166,937 143,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

475,311

462,597

CREDITORS
Amounts falling due after more than one
year

9

(138,781

)

(130,827

)

PROVISIONS FOR LIABILITIES 12 (36,843 ) (28,007 )
NET ASSETS 299,687 303,763

CAPITAL AND RESERVES
Called up share capital 13 300 300
Retained earnings 14 299,387 303,463
SHAREHOLDERS' FUNDS 299,687 303,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Puttingyoufirst Ltd (Registered number: 08437794)

Balance Sheet - continued
31 August 2024


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 17 January 2025 and were signed on its behalf by:





Mrs M McMaster - Director


Puttingyoufirst Ltd (Registered number: 08437794)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


Transactions are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of fifteen years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

Puttingyoufirst Ltd (Registered number: 08437794)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
FINANCIAL ASSETS

Trade, group and other debtors
Trade, group and other debtors (including accrued income) which are receivable within one year and which do not constitute a financial transaction are initially measured at the transacting price and subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses.

A provision for impairment of trade debtors is established where there is objective evidence that the amounts due will not be be collected according to the original terms of the contract. Impairment losses are recognised in profit and loss for the excess of the carrying value of the trade debtor over the present value of the future cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in the profit and loss.

FINANCIAL LIABILITIES

Trade, group and other creditors
Trade, group and other creditors (including accruals) payable within one year that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being transaction price less any amounts settled.

Derecognition of financial assets and liabilities
A financial asset is only derecognised when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks and rewards of ownership are retained but control of the assert has transferred to another party that is able to sell the assets in its entirety to an unrelated third party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

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 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.

Puttingyoufirst Ltd (Registered number: 08437794)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Grant income
Grant income of a revenue type is recognised in the profit and loss account in full in the period of receipt, except for amounts that are reclaimable by the provider.

Capital grants are released to the profit and loss account in line with the depreciation charged on the assets that have been funded. The remained of the amount received is recognised as a liability for deferred income.

Employee benefits
Where employees are entitled to carry forward any unused holiday entitlement at the balance sheet date, the cost of any unused entitlement is recognised in the period in which the employees' services are received.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 156 (2023 - 195 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 420,000
AMORTISATION
At 1 September 2023 231,000
Amortisation for year 28,000
At 31 August 2024 259,000
NET BOOK VALUE
At 31 August 2024 161,000
At 31 August 2023 189,000

Puttingyoufirst Ltd (Registered number: 08437794)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


6. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 4,932 205,471 27,557 237,960
Additions 8,179 101,496 7,345 117,020
Disposals - (61,316 ) - (61,316 )
At 31 August 2024 13,111 245,651 34,902 293,664
DEPRECIATION
At 1 September 2023 1,942 92,372 13,379 107,693
Charge for year 2,461 61,413 5,381 69,255
Eliminated on disposal - (30,658 ) - (30,658 )
At 31 August 2024 4,403 123,127 18,760 146,290
NET BOOK VALUE
At 31 August 2024 8,708 122,524 16,142 147,374
At 31 August 2023 2,990 113,099 14,178 130,267

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 205,471
Additions 101,496
Disposals (61,316 )
At 31 August 2024 245,651
DEPRECIATION
At 1 September 2023 92,372
Charge for year 61,413
Eliminated on disposal (30,658 )
At 31 August 2024 123,127
NET BOOK VALUE
At 31 August 2024 122,524
At 31 August 2023 113,099

Puttingyoufirst Ltd (Registered number: 08437794)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 224,728 320,510
Amounts owed by group undertakings 210,000 -
Other debtors 850 2,780
Prepayments and accrued income 16,612 13,389
452,190 336,679

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 10) 10,648 10,649
Hire purchase contracts 42,532 40,255
Trade creditors 24,392 15,733
Corporation tax 73,639 72,496
Social security and other taxes 98,914 96,241
Other creditors 489,462 442,429
Accruals and deferred income 7,608 12,527
747,195 690,330

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans (see note 10) 8,425 17,846
Hire purchase contracts 130,356 112,981
138,781 130,827

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans 10,648 10,649

Amounts falling due between one and two years:
Other loans 8,425 10,648

Amounts falling due between two and five years:
Other loans - 2-5 years - 7,198

Puttingyoufirst Ltd (Registered number: 08437794)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 172,888 153,236

The hire purchase obligations are secured against their relevant assets.

A bank facility with a balance of £19,074 (2023: £28,495) is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 36,843 28,007

Deferred
tax
£   
Balance at 1 September 2023 28,007
Provided during year 8,836
Balance at 31 August 2024 36,843

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
150 Ordinary Y £1 150 150
150 Ordinary £1 150 150
300 300

14. RESERVES
Retained
earnings
£   

At 1 September 2023 303,463
Profit for the year 227,924
Dividends (232,000 )
At 31 August 2024 299,387

Puttingyoufirst Ltd (Registered number: 08437794)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


15. OTHER FINANCIAL COMMITMENTS

The company has a lease commitment relating to the lease of premises which amounts to £27,400 per year.

16. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mrs M McMaster, a director, was owed £nil by the company (2023: £nil). Ms T Fielding, a director, was owed £nil by the company (2023: £nil).

17. ULTIMATE CONTROLLING PARTY

In the opinion of the directors the ultimate controlling party of the company is Puttingyoufirst (Holdings) Ltd, a company registered in England and Wales, company number 12333772.

18. PENSION COMMITMENTS

The company makes contributions to defined contribution pension scheme for its employees. The cost for the period was £78,959 (2023: £68,105) and there were no accrued or prepaid contributions at the balance sheet date.