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REGISTERED NUMBER: 04407183 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

POSTURE PEOPLE LIMITED

POSTURE PEOPLE LIMITED (REGISTERED NUMBER: 04407183)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POSTURE PEOPLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: D A Blood
Mrs J S Blood





SECRETARY: Mrs J S Blood





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: 04407183 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

POSTURE PEOPLE LIMITED (REGISTERED NUMBER: 04407183)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 995
Tangible assets 5 61,669 20,844
61,669 21,839

CURRENT ASSETS
Stocks 6 90,233 113,897
Debtors 7 83,497 153,572
Cash at bank and in hand 124,022 136,274
297,752 403,743
CREDITORS
Amounts falling due within one year 8 255,688 343,537
NET CURRENT ASSETS 42,064 60,206
TOTAL ASSETS LESS CURRENT LIABILITIES 103,733 82,045

CREDITORS
Amounts falling due after more than one year 9 (43,474 ) (20,200 )

PROVISIONS FOR LIABILITIES (10,853 ) (4,002 )
NET ASSETS 49,406 57,843

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 49,306 57,743
49,406 57,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 July 2025 and were signed on its behalf by:





D A Blood - Director


POSTURE PEOPLE LIMITED (REGISTERED NUMBER: 04407183)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Posture People 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.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Intangible fixed assets
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Website - 33% on cost

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 10 ) .

POSTURE PEOPLE LIMITED (REGISTERED NUMBER: 04407183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 January 2024
and 31 December 2024 18,581
AMORTISATION
At 1 January 2024 17,586
Amortisation for year 995
At 31 December 2024 18,581
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 995

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 20,671 6,637 33,470 18,257 79,035
Additions - - 56,961 3,681 60,642
At 31 December 2024 20,671 6,637 90,431 21,938 139,677
DEPRECIATION
At 1 January 2024 20,671 3,984 19,801 13,735 58,191
Charge for year - 664 15,741 3,412 19,817
At 31 December 2024 20,671 4,648 35,542 17,147 78,008
NET BOOK VALUE
At 31 December 2024 - 1,989 54,889 4,791 61,669
At 31 December 2023 - 2,653 13,669 4,522 20,844

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 21,936
Additions 56,565
At 31 December 2024 78,501
DEPRECIATION
At 1 January 2024 16,452
Charge for year 12,847
At 31 December 2024 29,299
NET BOOK VALUE
At 31 December 2024 49,202
At 31 December 2023 5,484

6. STOCKS
2024 2023
£    £   
Stocks 90,233 113,897

POSTURE PEOPLE LIMITED (REGISTERED NUMBER: 04407183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 61,924 120,454
Other debtors 15,476 4,207
Accruals - 25,533
Prepayments 6,097 3,378
83,497 153,572

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 8,595 4,259
Trade creditors 12,617 68,473
Tax - 34,524
Social security and other taxes 6,949 7,302
VAT 12,083 35,254
Other creditors 2,975 3,848
Pension contributions 1,250 9,207
Directors' loan accounts 88,181 154,355
Accruals and deferred income 111,998 15,335
Accrued expenses 1,040 980
255,688 343,537

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,167 10,000
Bank loans - 2-5 years - 4,167
Hire purchase contracts 39,307 6,033
43,474 20,200

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the directors decreased their loan to the company. As at 31 December 2024, the company owed them £88,181 (2023: £154,355). This balance represents the maximum amount outstanding during the year. Interest is charged on the outstanding loan at a commercial rate of 9%.

Finally during the year, the company paid rent amounting to £983 (2023: £1,991) to the directors as a result of utilising office space within their home.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D A Blood and Mrs J S Blood.

This was by virtue of their joint 100% holding of the issued share capital.