Registered number
03970248
People for Business Limited
Filleted Accounts
30 September 2024
People for Business Limited
Registered number: 03970248
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,535 2,303
Investments 4 17,810 17,810
19,345 20,113
Current assets
Debtors 5 15,758 11,650
Cash at bank and in hand 164,029 216,896
179,787 228,546
Creditors: amounts falling due within one year 7 2,032 (46,886)
Net current assets 181,819 181,660
Total assets less current liabilities 201,164 201,773
Provisions for liabilities (92) (383)
Net assets 201,072 201,390
Capital and reserves
Called up share capital 2 2
Profit and loss account 201,070 201,388
Shareholder's funds 201,072 201,390
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
0
Director
Approved by the board on 6 January 2025
People for Business Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 7,383
At 30 September 2024 7,383
Depreciation
At 1 October 2023 5,080
Charge for the year 768
At 30 September 2024 5,848
Net book value
At 30 September 2024 1,535
At 30 September 2023 2,303
4 Investments
Other
investments
£
Cost
At 1 October 2023 17,810
At 30 September 2024 17,810
5 Debtors 2024 2023
£ £
Trade debtors 7,200 7,200
Other Loan 8,558 4,450
15,758 11,650
6 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 17,810 17,810
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 228 25
Taxation and social security costs 12,649 11,425
Other creditors (14,909) 35,436
(2,032) 46,886
8 Other information
People for Business Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Millington Gate
Willen, Milton Keynes
Buckinghamshire
United Kingdom
MK15 9HT
People for Business Limited 03970248 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 0 No description of principal activity 03970248 2022-10-01 2023-09-30 03970248 core:WithinOneYear 2023-09-30 03970248 core:ShareCapital 2023-09-30 03970248 core:RetainedEarningsAccumulatedLosses 2023-09-30 03970248 2023-10-01 2024-09-30 03970248 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03970248 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03970248 bus:Director40 2023-10-01 2024-09-30 03970248 1 2023-10-01 2024-09-30 03970248 2 2023-10-01 2024-09-30 03970248 core:PlantMachinery 2023-10-01 2024-09-30 03970248 countries:England 2023-10-01 2024-09-30 03970248 bus:FRS102 2023-10-01 2024-09-30 03970248 bus:FilletedAccounts 2023-10-01 2024-09-30 03970248 2024-09-30 03970248 core:WithinOneYear 2024-09-30 03970248 core:ShareCapital 2024-09-30 03970248 core:RetainedEarningsAccumulatedLosses 2024-09-30 03970248 core:PlantMachinery 2024-09-30 03970248 2023-09-30 03970248 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure