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Company registration number: 11381847
Capital People London Limited
Unaudited filleted financial statements
31 July 2025
Capital People London Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Capital People London Limited
Directors and other information
Director M N Shah
Company number 11381847
Registered office 20 Sunningdale Close
Stanmore
Middlesex
HA7 3QL
Accountants Passer & Co
20 Sunningdale Close
Stanmore
Middlesex
HA7 3QL
Capital People London Limited
Statement of financial position
31 July 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 356 801
_______ _______
356 801
Current assets
Debtors 7 10,215 18,080
_______ _______
10,215 18,080
Creditors: amounts falling due
within one year 8 ( 122,602) ( 119,360)
_______ _______
Net current liabilities ( 112,387) ( 101,280)
_______ _______
Total assets less current liabilities ( 112,031) ( 100,479)
Creditors: amounts falling due
after more than one year 9 ( 18,333) ( 28,333)
_______ _______
Net liabilities ( 130,364) ( 128,812)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 130,464) ( 128,912)
_______ _______
Shareholders deficit ( 130,364) ( 128,812)
_______ _______
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 August 2025 , and are signed on behalf of the board by:
M N Shah
Director
Company registration number: 11381847
Capital People London Limited
Statement of changes in equity
Year ended 31 July 2025
Called up share capital Profit and loss account Total
£ £ £
At 1 August 2023 100 ( 128,104) ( 128,004)
Loss for the year ( 808) ( 808)
_______ _______ _______
Total comprehensive income for the year - ( 808) ( 808)
_______ _______ _______
At 31 July 2024 and 1 August 2024 100 ( 128,912) ( 128,812)
Loss for the year ( 1,552) ( 1,552)
_______ _______ _______
Total comprehensive income for the year - ( 1,552) ( 1,552)
_______ _______ _______
At 31 July 2025 100 ( 130,464) ( 130,364)
_______ _______ _______
Capital People London Limited
Notes to the financial statements
Year ended 31 July 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Sunningdale Close, Stanmore, Middlesex, HA7 3QL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 20 % reducing balance
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - 33 % straight line
Fittings fixtures and equipment - 33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 August 2024 and 31 July 2025 50,000 50,000
_______ _______
Amortisation
At 1 August 2024 and 31 July 2025 50,000 50,000
_______ _______
Carrying amount
At 31 July 2025 - -
_______ _______
At 31 July 2024 - -
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 August 2024 and 31 July 2025 2,208 2,208
_______ _______
Depreciation
At 1 August 2024 1,407 1,407
Charge for the year 445 445
_______ _______
At 31 July 2025 1,852 1,852
_______ _______
Carrying amount
At 31 July 2025 356 356
_______ _______
At 31 July 2024 801 801
_______ _______
7. Debtors
2025 2024
£ £
Trade debtors 614 6,731
Other debtors 9,601 11,349
_______ _______
10,215 18,080
_______ _______
8. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 2,981 10,916
Trade creditors 131 219
Social security and other taxes 210 414
Other creditors 119,280 107,811
_______ _______
122,602 119,360
_______ _______
9. Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts 18,333 28,333
_______ _______
10. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
M N Shah ( 57,215) ( 24,098) ( 81,313)
_______ _______ _______
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
M N Shah ( 37,607) ( 19,608) ( 57,215)
_______ _______ _______
11. Controlling party
The Company is controlled by the Director by virtue of his majority share holding.