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REGISTERED NUMBER: 05991337 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2025

for

People Activation Limited

People Activation Limited (Registered number: 05991337)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


People Activation Limited (Registered number: 05991337)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,786 24,734
Investments 5 1 1
6,787 24,735

CURRENT ASSETS
Stocks 30,633 63,338
Debtors 6 385,842 314,943
Cash at bank and in hand 469,301 1,004,934
885,776 1,383,215
CREDITORS
Amounts falling due within one year 7 (247,286 ) (481,708 )
NET CURRENT ASSETS 638,490 901,507
TOTAL ASSETS LESS CURRENT LIABILITIES 645,277 926,242

PROVISIONS FOR LIABILITIES (1,530 ) (6,184 )
NET ASSETS 643,747 920,058

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 17,234 17,234
Retained earnings 625,513 901,824
643,747 920,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

People Activation Limited (Registered number: 05991337)

Balance Sheet - continued
31 March 2025


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 14 May 2025 and were signed on its behalf by:





Mr C Teague - Director


People Activation Limited (Registered number: 05991337)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

People Activation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05991337

Registered office: 111 Piccadilly
Manchester
M1 2HY

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, net of VAT.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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 cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


People Activation Limited (Registered number: 05991337)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
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.

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 16 (2024 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2024 175,298 35,428 210,726
Disposals (170,868 ) (10,085 ) (180,953 )
At 31 March 2025 4,430 25,343 29,773
DEPRECIATION
At 1 April 2024 164,936 21,056 185,992
Charge for year 3,547 5,278 8,825
Eliminated on disposal (165,411 ) (6,419 ) (171,830 )
At 31 March 2025 3,072 19,915 22,987
NET BOOK VALUE
At 31 March 2025 1,358 5,428 6,786
At 31 March 2024 10,362 14,372 24,734

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2024
and 31 March 2025 1
NET BOOK VALUE
At 31 March 2025 1
At 31 March 2024 1

People Activation Limited (Registered number: 05991337)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 271,504 122,050
Other debtors 114,338 192,893
385,842 314,943

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 27,773 29,591
Taxation and social security 40,966 196,998
Other creditors 178,547 255,119
247,286 481,708

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.25 31.3.24
£    £   
Within one year 1,501 64,366
Between one and five years - 70,172
1,501 134,538

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Rapport & People Holdings Limited.