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REGISTERED NUMBER: 09440012 (England and Wales)













Financial Statements

for the Year Ended 31 August 2024

for

People Live Limited

People Live Limited (Registered number: 09440012)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


People Live Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: T J Elliott



SECRETARY: T J Elliott



REGISTERED OFFICE: Hangar 88
Marston Business Park
Tockwith
York
North Yorkshire
YO26 7QF



REGISTERED NUMBER: 09440012 (England and Wales)



SENIOR STATUTORY AUDITOR: Phillipa Symington ACA CA(SA)



AUDITORS: Clive Owen LLP
Chartered Accountants
& Statutory Auditors
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

People Live Limited (Registered number: 09440012)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 15,513 15,870

CURRENT ASSETS
Stocks 5 21,761 29,624
Debtors 6 642,407 368,755
Cash at bank 349,229 394,040
1,013,397 792,419
CREDITORS
Amounts falling due within one year 7 (999,150 ) (811,300 )
NET CURRENT ASSETS/(LIABILITIES) 14,247 (18,881 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,760

(3,011

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 29,660 (3,111 )
SHAREHOLDERS' FUNDS 29,760 (3,011 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:





T J Elliott - Director


People Live Limited (Registered number: 09440012)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

People Live Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. However the validity of the going concern basis is dependent upon the support of the creditors and the director. Should the company be unable to continue trading, adjustments would have to be made to reduce the value of the assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Income from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has been transferred to to buyer. Income from the rendering of services is recognised by reference to the stage of completion to the extent that the outcome of a contract can be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 20% on cost

Fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and impairment.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Work-in-progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. Profit is only recognised to the extent that the outcome of a contract can be estimated reliably.

People Live Limited (Registered number: 09440012)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 10 (2023 - 4 ) .

People Live Limited (Registered number: 09440012)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 September 2023 17,806 50,021 37,572 105,399
Additions - - 6,630 6,630
At 31 August 2024 17,806 50,021 44,202 112,029
DEPRECIATION
At 1 September 2023 16,450 50,021 23,058 89,529
Charge for year 1,252 - 5,735 6,987
At 31 August 2024 17,702 50,021 28,793 96,516
NET BOOK VALUE
At 31 August 2024 104 - 15,409 15,513
At 31 August 2023 1,356 - 14,514 15,870

5. STOCKS
2024 2023
£    £   
Work-in-progress 21,761 29,624

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 439,784 58,554
Amounts owed by group undertakings 174,723 298,403
VAT - 3,022
Prepayments and accrued income 27,900 8,776
642,407 368,755

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 23,013 30,795
Amounts owed to group undertakings 849,807 342,629
Corporation tax 1,549 -
Taxation and social security 22,449 8,377
VAT 77,100 -
Accruals and deferred income 25,232 429,499
999,150 811,300

People Live Limited (Registered number: 09440012)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

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

The Report of the Auditors was unqualified.

Phillipa Symington ACA CA(SA) (Senior Statutory Auditor)
for and on behalf of Clive Owen LLP

10. ULTIMATE PARENT COMPANY

The ultimate parent company is People Group of Companies Ltd, a private company, limited by shares, registered in England and Wales. The company's registered office is Hangar 88 Marston Business Park, Tockwith, York, North Yorkshire, YO26 7QF.