General Information
PEOPLE TALK TO PEOPLE Limited is a private limited company. The company was incorporated on 22 December 2023 and registered in England and Wales. The Company Registration Number is 15367877. The Registered Office address is 21 Pearcy Close, Harold Hill, Romford, Essex, RM3 8PW, United Kingdom.
The presentation currency is £ sterling.
PEOPLE TALK TO PEOPLE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 15367877, registration address 27 PATRICK CRESCENT , DAGENHAM, ESSEX, RM8 1EU.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial year statements ended 31 December 2024 have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company to third parties during the financial year ended 31 December 2024, exclusive of Value Added Tax and trade discounts.
Cost of sales
Cost of Sales represents the cost of services rendered to third parties during the financial year period ended 31 December 2024.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Fixtures & fittings, computer, printer and laptop at the cost of £50,000 and 10% Straight Line for over 10 years - reducing Balance
| Fixtures and Fittings |
10% /10 years Reducing Balance
|
|
| 2. |
Directors' Emoluments
|
2024 |
|
0 |
|
|
|
Number of directors to whom retirement benefits accrued
|
Number
|
| Defined contribution plans |
1 |
| Defined benefit plans |
1 |
The Directors did not receive any remuneration during the financial year period ended 31 December 2024.
|
| 3. |
Staff Costs
|
2024 |
|
|
|
Average number of employees during the period
|
Number
|
| Administration |
1 |
| Research and development |
1 |
| Marketing |
1 |
|
3 |
Staff Costs are costs incurred by the company in payment of employees and staff salaries including staff training during the financial year ended 31 December 2024.
|
| 4. |
Average number of employees
The average number of contractors engaged by the company during the financial year period ended 31 December 2024 were three.
Average number of employees during the period was 3.
|
| 5. |
Financial Commitments, Guarantees and Contingencies
The director of PEOPLE TALK TO PEOPLE LIMITED is committed to the company and will continue to finance the company, grow it and to ensure that the company is success and a household name in the United Kingdom and across the developed world.
|
| 6. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 22 December 2023 |
- |
|
- |
|
- |
| Additions |
35,000 |
|
- |
|
35,000 |
| Disposals |
- |
|
15,000 |
|
15,000 |
| At 31 December 2024 |
35,000 |
|
15,000 |
|
50,000 |
| Depreciation |
| At 22 December 2023 |
- |
|
- |
|
- |
| Charge for period |
3,500 |
|
1,500 |
|
5,000 |
| On disposals |
- |
|
- |
|
- |
| At 31 December 2024 |
3,500 |
|
1,500 |
|
5,000 |
| Net book values |
| Closing balance as at 31 December 2024 |
31,500 |
|
13,500 |
|
45,000 |
| Opening balance as at 22 December 2023 |
- |
|
- |
|
- |
|
| 7. |
Share Capital
Allotted, called up and fully paid
|
2024
£ |
|
100
Class A shares of £1.00 each |
100 |
|
100 |
|
| 8. |
Advances and Credits
Director's Loan to People Talk To People Limited The director (who is also the majority shareholder) has made a loan of £50,000 from own savings to the business (People Talk to People Limited) to set up the company and buy assets such as Fixtures & Fittings, computer equipment, and to pay for a rented and furnished property that was transformed into a hostel setting for residential care activities for people with learning difficulties during the financial year period ended 31 December 2024.The loan will be treated as a long-term liability for a duration of ten years at 10 percent depreciation charge per year when the company is making enough profits with no interests | Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Director's Loan to People Talk To People Limited | 0 | | 50,000 | | 0 | | 0 | | 0 | | 0 | | 50,000 | | 0 | | 50000 | | 0 | | 0 | | 0 | | 0 | | 50000 |
|
|
Director's Loan to People Talk To People Limited
The director (who is also the majority shareholder) has made a loan of £50,000 from own savings to the business (People Talk to People Limited) to set up the company and buy assets such as Fixtures & Fittings, computer equipment, and to pay for a rented and furnished property that was transformed into a hostel setting for residential care activities for people with learning difficulties during the financial year period ended 31 December 2024.The loan will be treated as a long-term liability for a duration of ten years at 10 percent depreciation charge per year when the company is making enough profits with no interests
|
3
|