Registered number
09777512
Charles People Consulting Limited
Unaudited Filleted Accounts
31 December 2024
Charles People Consulting Limited
Registered number: 09777512
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 374 591
Current assets
Debtors 4 12,513 20,469
Cash at bank and in hand 11,338 16,184
23,851 36,653
Creditors: amounts falling due within one year 5 (9,451) (14,771)
Net current assets 14,400 21,882
Total assets less current liabilities 14,774 22,473
Provisions for liabilities - (112)
Net assets 14,774 22,361
Capital and reserves
Called up share capital 2 2
Profit and loss account 14,772 22,359
Shareholder's funds 14,774 22,361
The director is 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 director acknowledges his 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.
Mr Simon Charles
Director
Approved by the board on 8 May 2025
Charles People Consulting Limited
Notes to the Accounts
for the year ended 31 December 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 rendering of services. 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:
Office Equipment over 4 years
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 January 2024 867
At 31 December 2024 867
Depreciation
At 1 January 2024 276
Charge for the year 217
At 31 December 2024 493
Net book value
At 31 December 2024 374
At 31 December 2023 591
4 Debtors 2024 2023
£ £
Trade debtors - 776
Other debtors 12,513 19,693
12,513 20,469
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 23 120
Taxation and social security costs - 5,223
Other creditors 9,428 9,428
9,451 14,771
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Interest charged at HMRC's official rate, repayable on demand (17,801) (13,088) 18,693 (12,196)
(17,801) (13,088) 18,693 (12,196)
7 Other information
Charles People Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
Little Southey
Ashill
Cullompton
Devon
EX15 3LT
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