Start People Limited 09290624 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of a recruitment agency. Digita Accounts Production Advanced 6.30.9574.0 true 09290624 2024-01-01 2024-12-31 09290624 2024-12-31 09290624 bus:OrdinaryShareClass1 2024-12-31 09290624 bus:OrdinaryShareClass2 2024-12-31 09290624 bus:OrdinaryShareClass3 2024-12-31 09290624 core:CurrentFinancialInstruments 2024-12-31 09290624 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09290624 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 09290624 core:ConstructionInProgressAssetsUnderConstruction 2024-12-31 09290624 core:FurnitureFittingsToolsEquipment 2024-12-31 09290624 core:LandBuildings 2024-12-31 09290624 core:MotorVehicles 2024-12-31 09290624 bus:SmallEntities 2024-01-01 2024-12-31 09290624 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09290624 bus:FilletedAccounts 2024-01-01 2024-12-31 09290624 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09290624 bus:RegisteredOffice 2024-01-01 2024-12-31 09290624 bus:Director1 2024-01-01 2024-12-31 09290624 bus:Director2 2024-01-01 2024-12-31 09290624 bus:Director3 2024-01-01 2024-12-31 09290624 bus:Director4 2024-01-01 2024-12-31 09290624 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 09290624 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 09290624 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 09290624 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09290624 bus:Agent1 2024-01-01 2024-12-31 09290624 core:ConstructionInProgressAssetsUnderConstruction 2024-01-01 2024-12-31 09290624 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 09290624 core:LandBuildings 2024-01-01 2024-12-31 09290624 core:LeaseholdImprovements 2024-01-01 2024-12-31 09290624 core:MotorVehicles 2024-01-01 2024-12-31 09290624 core:OfficeEquipment 2024-01-01 2024-12-31 09290624 countries:EnglandWales 2024-01-01 2024-12-31 09290624 2023-12-31 09290624 core:ConstructionInProgressAssetsUnderConstruction 2023-12-31 09290624 core:FurnitureFittingsToolsEquipment 2023-12-31 09290624 core:LandBuildings 2023-12-31 09290624 core:MotorVehicles 2023-12-31 09290624 2023-01-01 2023-12-31 09290624 2023-12-31 09290624 bus:OrdinaryShareClass1 2023-12-31 09290624 bus:OrdinaryShareClass2 2023-12-31 09290624 bus:OrdinaryShareClass3 2023-12-31 09290624 core:CurrentFinancialInstruments 2023-12-31 09290624 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09290624 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 09290624 core:ConstructionInProgressAssetsUnderConstruction 2023-12-31 09290624 core:FurnitureFittingsToolsEquipment 2023-12-31 09290624 core:LandBuildings 2023-12-31 09290624 core:MotorVehicles 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09290624

Start People Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Start People Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 10

Start People Limited

Company Information

Directors | David Edwards Donna Hickman Andrew George Vose Christian James Ash

Registered office | Unit 5 Elliot Court St. Johns Road Meadowfield Industrial Estate Durham DH7 8PN

Accountants | Williamson Croft Accountants Limited Chartered Certified Accountants York House 20 York Street Manchester M2 3BB

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Start People Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Start People Limited for the year ended 31 December 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Start People Limited, as a body, in accordance with the terms of our engagement letter dated 1 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of Start People Limited and state those matters that we have agreed to state to the Board of Directors of Start People Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Start People Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Start People Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Start People Limited. You consider that Start People Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Start People Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

16 September 2025

Start People Limited

(Registration number: 09290624)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 48,308 | 60,002
Current assets |  |  |
Debtors | 5 | 2,410,143 | 1,903,708
Cash at bank and in hand |  | 17,288 | 35,131
|  | 2,427,431 | 1,938,839
Creditors: Amounts falling due within one year | 6 | (1,814,793) | (1,371,698)
Net current assets |  | 612,638 | 567,141
Total assets less current liabilities |  | 660,946 | 627,143
Creditors: Amounts falling due after more than one year | 6 | (34,389) | (87,277)
Provisions for liabilities |  | (12,077) | (9,026)
Net assets |  | 614,480 | 530,840
Capital and reserves |  |  |
Called up share capital | 7 | 83 | 83
Retained earnings |  | 614,397 | 530,757
Shareholders' funds |  | 614,480 | 530,840

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Start People Limited

(Registration number: 09290624)
Balance Sheet as at 31 December 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 16 September 2025 and signed on its behalf by:

......................................... David Edwards Director

Start People Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 5 Elliot Court
St. Johns Road
Meadowfield Industrial Estate
Durham
DH7 8PN
England

These financial statements were authorised for issue by the Board on 16 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Start People Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 20% Reducing balance
Office equipment | 33% Straight line
Leasehold | 20% Straight line
Motor vehicles | 25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Start People Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Start People Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 350 (2023 - 350).

4 | Tangible assets

| Leasehold Property £ | Furniture, fittings and equipment £ | Motor vehicles £ | Computer equipment £ | Total £
Cost or valuation
At 1 January 2024 | 3,533 | 55,612 | 36,085 | 65,375 | 160,605
Additions | - | 7,918 | - | 3,273 | 11,191
At 31 December 2024 | 3,533 | 63,530 | 36,085 | 68,648 | 171,796
Depreciation
At 1 January 2024 | 3,533 | 25,489 | 17,554 | 54,027 | 100,603
Charge for the year | - | 6,877 | 6,022 | 9,986 | 22,885
At 31 December 2024 | 3,533 | 32,366 | 23,576 | 64,013 | 123,488
Carrying amount
At 31 December 2024 | - | 31,164 | 12,509 | 4,635 | 48,308
At 31 December 2023 | - | 30,123 | 18,531 | 11,348 | 60,002

Start People Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 1,794,965 | 1,436,846
Prepayments | 125,198 | 60,664
Other debtors | 489,980 | 406,198
| 2,410,143 | 1,903,708

6 | Creditors

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings |  | 896,662 | 723,259
Trade creditors |  | 14,611 | 11,662
Taxation and social security |  | 669,845 | 519,876
Accruals and deferred income |  | 216,687 | 98,762
Other creditors |  | 16,988 | 18,139
|  | 1,814,793 | 1,371,698

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings |  | 34,389 | 87,277

Included within loans and borrowings less than one year is £48,077 (2023: £48,077), and loans and borrowings greater than one year is £24,038 (2023: £72,115). This relates to commercial loans which are secured by way of a fixed and floating charge and negative pledge.
Included within loans and borrowings less than one year is £843,819 (2023: £665,975).This relates to an invoice finance facility which is secured by way of a fixed and floating charge and negative pledge.
Included within loans and borrowings less than one year is £2,821 (2023: £5,036), and loans and borrowings greater than one year is £4,275 (2023: £7,141). This relates to hire purchase finance agreements which are secured by a fixed charge over the assets to which they relate.

Start People Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary A of £0.10 each | 400 | 40 | 400 | 40
Ordinary B of £0.10 each | 400 | 40 | 400 | 40
Ordinary C of £0.10 each | 25 | 3 | 25 | 3
| 825 | 83 | 825 | 83

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £2,582 (2023 - £5,499). The balance relates to the undiscounted minimum future payments due under non-cancellable operating leases and secured against the asset which they relate to.

9 | Related party transactions

Transactions with directors
As at the year end there were amounts totalling £365,305 (2023: £329,611) owed to the company by the directors. These amounts are unsecured and repayable on demand.