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REGISTERED NUMBER: 05895655 (England and Wales)






















Financial Statements

for the Year Ended 30 June 2024

for

Public Sector People Managers
Association Limited

Public Sector People Managers
Association Limited (Registered number: 05895655)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Public Sector People Managers
Association Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S J H Davies
B J Pirie



REGISTERED OFFICE: 3 Granville Road
Darwen
Lancashire
BB3 2SS



REGISTERED NUMBER: 05895655 (England and Wales)



SENIOR STATUTORY AUDITOR: James Sewell BA (Hons) FCA CTA



AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Public Sector People Managers
Association Limited (Registered number: 05895655)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 822
Tangible assets 5 1,904 1,092
1,904 1,914

CURRENT ASSETS
Debtors 6 24,148 78,184
Cash at bank and in hand 339,755 289,178
363,903 367,362
CREDITORS
Amounts falling due within one year 7 74,276 91,224
NET CURRENT ASSETS 289,627 276,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,531

278,052

CREDITORS
Amounts falling due after more than one
year

8

(11,436

)

(22,198

)

PROVISIONS FOR LIABILITIES (362 ) (405 )
NET ASSETS 279,733 255,449

RESERVES
Income and expenditure account 279,733 255,449
279,733 255,449

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 February 2025 and were signed on its behalf by:





S J H Davies - Director


Public Sector People Managers
Association Limited (Registered number: 05895655)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Public Sector People Managers Association Limited is a private company, limited by guarantee , 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 (£).


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 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 30% on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation
The company is a not for profit members association and only pays tax on its investment income.

Deferred tax
Deferred tax is recognised in respect of 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Public Sector People Managers
Association Limited (Registered number: 05895655)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 10,435
AMORTISATION
At 1 July 2023 9,613
Charge for year 822
At 30 June 2024 10,435
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 822

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 709 46,920 47,629
Additions - 1,794 1,794
At 30 June 2024 709 48,714 49,423
DEPRECIATION
At 1 July 2023 680 45,857 46,537
Charge for year 8 974 982
At 30 June 2024 688 46,831 47,519
NET BOOK VALUE
At 30 June 2024 21 1,883 1,904
At 30 June 2023 29 1,063 1,092

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,537 64,543
Other debtors 7,611 13,641
24,148 78,184

Public Sector People Managers
Association Limited (Registered number: 05895655)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,195 11,195
Trade creditors 27,979 28,419
Taxation and social security 5,689 11,158
Other creditors 29,413 40,452
74,276 91,224

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,436 22,198

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Sewell BA (Hons) FCA CTA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

10. COMPANY CONSTITUTION

The company is limited by guarantee and does not have any share capital.

11. LIABILITY OF MEMBERS

In the event of the winding up of the company the liability to members is limited to a sum not exceeding one pound.