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REGISTERED NUMBER: 04336386 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

THE CONTACT PEOPLE LIMITED

THE CONTACT PEOPLE LIMITED (REGISTERED NUMBER: 04336386)

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


THE CONTACT PEOPLE LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTOR: Mrs B Kaur





SECRETARY: Ms K E Horton





REGISTERED OFFICE: 3b Wavertree Boulevard South
Wavertree Technology Park
Liverpool
Merseyside
L7 9PF





REGISTERED NUMBER: 04336386 (England and Wales)





AUDITORS: Xeinadin Audit Limited
100 Barbirolli Square
Manchester
M2 3BD

THE CONTACT PEOPLE LIMITED (REGISTERED NUMBER: 04336386)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 605 4,273

CURRENT ASSETS
Debtors 5 1,128,168 1,159,588
Cash at bank 25,082 10,850
1,153,250 1,170,438
CREDITORS
Amounts falling due within one year 6 119,986 156,693
NET CURRENT ASSETS 1,033,264 1,013,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,033,869

1,018,018

CREDITORS
Amounts falling due after more than one
year

7

26,487

32,191
NET ASSETS 1,007,382 985,827

CAPITAL AND RESERVES
Called up share capital 10 115 115
Retained earnings 1,007,267 985,712
SHAREHOLDERS' FUNDS 1,007,382 985,827

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





Mrs B Kaur - Director


THE CONTACT PEOPLE LIMITED (REGISTERED NUMBER: 04336386)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

The Contact People Limited is a private company limited by share capital, incorporated in England and Wales, registration number 04336386. The address of the registered office and principal place of business is 3b Wavertree Boulevard South, Wavertree Technology Park, Liverpool, Merseyside, L7 9PF.

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.

Going concern
The financial statements have been prepared on a going concern basis, as the directors have assessed that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered the company’s financial position, performance, and cash flows and have not identified any material uncertainties that may cast significant doubt on its ability to continue as a going concern.

Turnover
Turnover represents sales to external customers at invoiced amounts less value added tax. Turnover is recognised when services are provided to the customer.

Turnover principally consists of the provision of providing 24 hour call centre cover to clients.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Short leasehold-16.67% straight line
Fixtures and fittings-20% straight line
Computer equipment-20% straight line

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Current and deferred taxation
The taxation expense represents the total current tax charge for the year, based on taxable profits for the period, calculated using applicable tax rates and legislation enacted at the reporting date.

Deferred taxation is not recognised as there are no timing differences between taxable profits and accounting profits requiring deferral.

Tax liabilities are recognised when due, and any tax recoverable is recorded when it is reasonably certain to be received.

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

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.

THE CONTACT PEOPLE LIMITED (REGISTERED NUMBER: 04336386)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2023 - 40 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 36,261 92,495 181,262 310,018
Additions - 80 - 80
At 31 August 2024 36,261 92,575 181,262 310,098
DEPRECIATION
At 1 September 2023 32,565 91,927 181,253 305,745
Charge for year 3,696 43 9 3,748
At 31 August 2024 36,261 91,970 181,262 309,493
NET BOOK VALUE
At 31 August 2024 - 605 - 605
At 31 August 2023 3,696 568 9 4,273

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 102,817 55,430
Amounts owed by group undertakings 1,021,092 1,061,560
Prepayments and accrued income 4,259 42,598
1,128,168 1,159,588

THE CONTACT PEOPLE LIMITED (REGISTERED NUMBER: 04336386)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,457 5,309
Trade creditors 11,632 15,228
Tax 3,134 40,934
Social security and other taxes 8,599 6,617
VAT 23,089 25,331
Other creditors 8,383 7,829
Accruals and deferred income 59,692 55,445
119,986 156,693

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,605 5,457
Bank loans - 2-5 years 17,268 17,258
Bank loans more 5 yr by instal 3,614 9,476
26,487 32,191

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,614 9,476

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,929 2,929
Between one and five years - 2,929
2,929 5,858

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 31,944 -

The Royal Bank of Scotland Plc holds a debenture as security for the loan of £31,944.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
65 Ordinary A £1.00 65 65
50 Ordinary B £1.00 50 50
115 115

THE CONTACT PEOPLE LIMITED (REGISTERED NUMBER: 04336386)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


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

The Report of the Auditors was unqualified.

Richard Lloyd (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

12. RELATED PARTY DISCLOSURES

Sales were made to connected parties amounting £50,000 during the year (2023: £nil). The amounts due from related parties included in Trade debtors was £50,000 (2023£nil).

13. ULTIMATE CONTROLLING PARTY

The ultimate holding company is ICXPERIENCE Ltd a company incorporated in England and Wales which is ultimately controlled by Baneet Kaur.