Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Darren Anthony Chicot 03/05/1995 26 June 2025 The principal activity of the company was computer consultancy. 03046999 2024-09-30 03046999 bus:Director1 2024-09-30 03046999 2023-09-30 03046999 core:CurrentFinancialInstruments 2024-09-30 03046999 core:CurrentFinancialInstruments 2023-09-30 03046999 core:Non-currentFinancialInstruments 2024-09-30 03046999 core:Non-currentFinancialInstruments 2023-09-30 03046999 core:ShareCapital 2024-09-30 03046999 core:ShareCapital 2023-09-30 03046999 core:RetainedEarningsAccumulatedLosses 2024-09-30 03046999 core:RetainedEarningsAccumulatedLosses 2023-09-30 03046999 core:Vehicles 2023-09-30 03046999 core:ComputerEquipment 2023-09-30 03046999 core:Vehicles 2024-09-30 03046999 core:ComputerEquipment 2024-09-30 03046999 bus:OrdinaryShareClass1 2024-09-30 03046999 2023-10-01 2024-09-30 03046999 bus:FilletedAccounts 2023-10-01 2024-09-30 03046999 bus:SmallEntities 2023-10-01 2024-09-30 03046999 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03046999 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03046999 bus:Director1 2023-10-01 2024-09-30 03046999 core:Vehicles 2023-10-01 2024-09-30 03046999 core:ComputerEquipment core:TopRangeValue 2023-10-01 2024-09-30 03046999 2022-10-01 2023-09-30 03046999 core:ComputerEquipment 2023-10-01 2024-09-30 03046999 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 03046999 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 03046999 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03046999 (England and Wales)

ERP PEOPLE LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

ERP PEOPLE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024

Contents

ERP PEOPLE LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
ERP PEOPLE LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
DIRECTOR Darren Anthony Chicot
SECRETARY Darren Anthony Chicot
REGISTERED OFFICE Richard House
9 Winckley Square
Preston
PR1 3HP
United Kingdom
COMPANY NUMBER 03046999 (England and Wales)
ACCOUNTANT MHA
Richard House
9 Winckley Square
Preston
Lancashire
PR1 3HP
ERP PEOPLE LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 2024
ERP PEOPLE LIMITED

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 22,449 30,001
22,449 30,001
Current assets
Debtors 4 570 14,852
Cash at bank and in hand 210,780 217,711
211,350 232,563
Creditors: amounts falling due within one year 5 ( 11,342) ( 34,442)
Net current assets 200,008 198,121
Total assets less current liabilities 222,457 228,122
Creditors: amounts falling due after more than one year 6 ( 7,660) ( 14,660)
Provision for liabilities ( 5,612) ( 7,500)
Net assets 209,185 205,962
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account 209,183 205,960
Total shareholder's funds 209,185 205,962

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of ERP People Limited (registered number: 03046999) were approved and authorised for issue by the Director on 26 June 2025. They were signed on its behalf by:

Darren Anthony Chicot
Director
ERP PEOPLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
ERP PEOPLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ERP People Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Richard House, 9 Winckley Square, Preston, PR1 3HP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 1

3. Tangible assets

Vehicles Computer equipment Total
£ £ £
Cost
At 01 October 2023 72,960 2,606 75,566
At 30 September 2024 72,960 2,606 75,566
Accumulated depreciation
At 01 October 2023 43,076 2,489 45,565
Charge for the financial year 7,471 81 7,552
At 30 September 2024 50,547 2,570 53,117
Net book value
At 30 September 2024 22,413 36 22,449
At 30 September 2023 29,884 117 30,001

4. Debtors

2024 2023
£ £
Trade debtors 0 13,823
Other debtors 570 1,029
570 14,852

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 2,969 26,170
Other creditors 8,373 8,272
11,342 34,442

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 7,660 14,660

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2