REGISTERED NUMBER: 12428531 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Purposepeople Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

830

1,661

CURRENT ASSETS

Debtors

5

82,685

43,996

Cash at bank

27,440

51,365

110,125

95,361

CREDITORS

Amounts falling due within one year

6

91,681

96,735

NET CURRENT ASSETS/(LIABILITIES)

18,444

(1,374

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,274

287

CREDITORS

Amounts falling due after more than one year

7

(18,333

)

-

PROVISIONS FOR LIABILITIES

9

(158

)

-

NET ASSETS

783

287

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

781

285

SHAREHOLDERS' FUNDS

783

287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2025 and were signed on its behalf by:

Mrs N C Green - Director

1.	STATUTORY INFORMATION

Purposepeople Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12428531

Registered office:

2 Beclands Road

London

SW17 9TJ

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

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.

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.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 February 2024

and 31 January 2025

3,322

DEPRECIATION

At 1 February 2024

1,661

Charge for year

831

At 31 January 2025

2,492

NET BOOK VALUE

At 31 January 2025

830

At 31 January 2024

1,661

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

7,332

3,758

Other debtors

19,003

2,218

Directors' current accounts

56,350

38,020

82,685

43,996

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts (see note 8)

18,333

50,000

Tax

66,297

44,516

Social security and other taxes

943

-

Pension

214

-

Other creditors

-

14

Directors' current accounts

3,794

-

Accrued expenses

2,100

2,205

91,681

96,735

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans (see note 8)

18,333

-

8.

LOANS

An analysis of the maturity of loans is given below:

31.1.25

31.1.24

£

£

Amounts falling due within one year or on demand:

Bank loans

18,333

50,000

31.1.25

31.1.24

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

18,333

-

9.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

158

-

Deferred

tax

£

Provided during year

158

Balance at 31 January 2025

158

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

2

Share capital 1

£1

2

2

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 January 2025 and the period ended 31 January 2024:

31.1.25

31.1.24

£

£

Mrs J T Martin

Balance outstanding at start of year

16,728

2,852

Amounts advanced

36,436

55,688

Amounts repaid

(56,958

)

(41,812

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,794

)

16,728

Mrs N C Green

Balance outstanding at start of year

21,293

3,765

Amounts advanced

65,872

61,932

Amounts repaid

(30,815

)

(44,404

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

56,350

21,293

12.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.