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Company Registration No. 02682510 (England and Wales)
Peoplewise Limited Unaudited accounts for the year ended 31 December 2024
Peoplewise Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Peoplewise Limited Company Information for the year ended 31 December 2024
Directors
Dr Belinda Board Jamie Moodie
Company Number
02682510 (England and Wales)
Registered Office
Broadway Chambers M2 20 Hammersmith Broadway London W6 7AF United Kingdom
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
- 3 -
Peoplewise Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
1,175,981 
1,349,301 
Tangible assets
5
31,524 
39,256 
1,207,505 
1,388,557 
Current assets
Debtors
6
577,776 
447,619 
Cash at bank and in hand
493,064 
1,159,979 
1,070,840 
1,607,598 
Creditors: amounts falling due within one year
7
(1,413,308)
(979,936)
Net current (liabilities)/assets
(342,468)
627,662 
Total assets less current liabilities
865,037 
2,016,219 
Provisions for liabilities
Deferred tax
(49,387)
(50,307)
Net assets
815,650 
1,965,912 
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
193,752 
193,752 
Profit and loss account
621,798 
1,772,060 
Shareholders' funds
815,650 
1,965,912 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by
Dr Belinda Board Director Company Registration No. 02682510
- 4 -
Peoplewise Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Peoplewise Limited is a private company, limited by shares, registered in England and Wales, registration number 02682510. The registered office is Broadway Chambers M2, 20 Hammersmith Broadway, London, W6 7AF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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 as modified by the revaluation of certain assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Software development intangible assets are stated at cost less amortisation. Trademarks intangible assets are stated at valuation less amortisation. Amortisation is provided at rates calculated to write off the cost of intangible assets, less their estimated residual value, over their expected useful lives from the year in which they come into use, on the following basis: Trade marks - 10% on cost/revaluation Software development - Over 5 years
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Deferred taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred. Development of software is capitalised and amortised from the date it is brought into use.
- 5 -
Peoplewise Limited Notes to the Accounts for the year ended 31 December 2024
Leased assets
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
2,967,363 
Additions
179,987 
At 31 December 2024
3,147,350 
Amortisation
At 1 January 2024
1,618,062 
Charge for the year
353,307 
At 31 December 2024
1,971,369 
Net book value
At 31 December 2024
1,175,981 
At 31 December 2023
1,349,301 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
121,271 
50,326 
171,597 
Additions
- 
8,498 
8,498 
At 31 December 2024
121,271 
58,824 
180,095 
Depreciation
At 1 January 2024
86,846 
45,495 
132,341 
Charge for the year
14,361 
1,869 
16,230 
At 31 December 2024
101,207 
47,364 
148,571 
Net book value
At 31 December 2024
20,064 
11,460 
31,524 
At 31 December 2023
34,425 
4,831 
39,256 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
346,042 
410,111 
Amounts due from group undertakings etc.
171,896 
- 
Accrued income and prepayments
38,952 
16,688 
Other debtors
20,886 
20,820 
577,776 
447,619 
- 6 -
Peoplewise Limited Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
3,928 
64,252 
Amounts owed to group undertakings and other participating interests
495,126 
- 
Taxes and social security
236,045 
442,737 
Other creditors
11,100 
3,126 
Loans from directors
(1,328)
- 
Accruals
10,371 
79,071 
Deferred income
658,066 
390,750 
1,413,308 
979,936 
8
Average number of employees
During the year the average number of employees was 16 (2023: 14).
- 7 -