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Company Registration No. 14974754 (England and Wales)
People Arches Limited Unaudited accounts for the period from 3 July 2023 to 31 December 2024
People Arches Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
People Arches Limited Company Information for the period from 3 July 2023 to 31 December 2024
Director
D Ibtehsam
Company Number
14974754 (England and Wales)
Registered Office
24 Heathcote Avenue Ilford IG5 0QS England
- 3 -
People Arches Limited Statement of financial position as at 31 December 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
4
926,250 
Tangible assets
5
282,215 
Investments
6
1,250 
1,209,715 
Current assets
Inventories
20,184 
Debtors
7
3,425 
Cash at bank and in hand
132,223 
155,832 
Creditors: amounts falling due within one year
8
(416,044)
Net current liabilities
(260,212)
Total assets less current liabilities
949,503 
Creditors: amounts falling due after more than one year
9
(962,946)
Provisions for liabilities
Deferred tax
(70,553)
Net liabilities
(83,996)
Capital and reserves
Called up share capital
10 
Profit and loss account
(84,006)
Shareholders' funds
(83,996)
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 April 2025 and were signed on its behalf by
D Ibtehsam Director Company Registration No. 14974754
- 4 -
People Arches Limited Notes to the Accounts for the period from 3 July 2023 to 31 December 2024
1
Statutory information
People Arches Limited is a private company, limited by shares, registered in England and Wales, registration number 14974754. The registered office is 24 Heathcote Avenue, Ilford, IG5 0QS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The director has made an assessment of the company's ability to continue as a going concern for a period of at least twelve months from the date on which the financial statements were approved. As a result of their assessment they consider that the company is able to continue to operate as a going concern and that it is appropriate to prepare the financial statements on a going concern basis.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
straight line over 7 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 3 July 2023
- 
- 
- 
Additions
945,000 
30,000 
975,000 
At 31 December 2024
945,000 
30,000 
975,000 
Amortisation
At 3 July 2023
- 
- 
- 
Charge for the period
47,250 
1,500 
48,750 
At 31 December 2024
47,250 
1,500 
48,750 
Net book value
At 31 December 2024
897,750 
28,500 
926,250 
- 5 -
People Arches Limited Notes to the Accounts for the period from 3 July 2023 to 31 December 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 3 July 2023
- 
Additions
328,889 
At 31 December 2024
328,889 
Depreciation
Charge for the period
46,674 
At 31 December 2024
46,674 
Net book value
At 31 December 2024
282,215 
6
Investments
Other investments 
£ 
Valuation at 3 July 2023
1,250 
Valuation at 31 December 2024
1,250 
7
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
2,263 
Accrued income and prepayments
1,162 
3,425 
8
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
153,571 
VAT
104,875 
Trade creditors
77,534 
Taxes and social security
12,035 
Other creditors
50,739 
Accruals
17,290 
416,044 
9
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
767,857 
Loans from directors
195,089 
962,946 
- 6 -
People Arches Limited Notes to the Accounts for the period from 3 July 2023 to 31 December 2024
10
Average number of employees
During the period the average number of employees was 77.
- 7 -