REGISTERED NUMBER: 06001594 (England and Wales)

Industry People (UK) Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

Mrs M Currie

Miss S Coulson

Secretary:

Mrs M Currie

Registered office:

Suite 5, Basil Chambers

65 High Street

Manchester

M4 1FS

Registered number:

06001594 (England and Wales)

Accountants:

Mitchell Charlesworth

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Intangible assets

4

4,388

6,586

Tangible assets

5

3,262

4,349

7,650

10,935

Current assets

Debtors

6

135,792

102,288

Cash at bank and in hand

267,166

187,066

402,958

289,354

Creditors

Amounts falling due within one year

7

(207,274

)

(141,856

)

Net current assets

195,684

147,498

Total assets less current liabilities

203,334

158,433

Creditors

Amounts falling due after more than one year

8

(4,542

)

(15,283

)

Provisions for liabilities

(796

)

(1,063

)

Net assets

197,996

142,087

Capital and reserves

Called up share capital

200

158

Share premium

43,950

43,950

Retained earnings

153,846

97,979

Shareholders' funds

197,996

142,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

Mrs M Currie - Director

Miss S Coulson - Director

1.	Statutory information

Industry People (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, was previously being amortised over a period of 20 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 9 (2023 - 7 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2024

and 31 December 2024

43,951

Amortisation

At 1 January 2024

37,365

Charge for year

2,198

At 31 December 2024

39,563

Net book value

At 31 December 2024

4,388

At 31 December 2023

6,586

5.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 January 2024

and 31 December 2024

25,939

Depreciation

At 1 January 2024

21,590

Charge for year

1,087

At 31 December 2024

22,677

Net book value

At 31 December 2024

3,262

At 31 December 2023

4,349

6.

Debtors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade debtors

121,756

79,662

Other debtors

14,036

22,626

135,792

102,288

7.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Bank loans and overdrafts

9,890

9,646

Trade creditors

114,518

90,613

Taxation and social security

68,840

34,704

Other creditors

14,026

6,893

207,274

141,856

8.

Creditors: amounts falling due after more than one year

31.12.24

31.12.23

£

£

Bank loans

4,542

15,283

9.	Other financial commitments

At the end of the year the company had total commitments under operating leases of £88,381 (2022- £40,924).