1 October 2024 false No description of principal activity Taxfiler 2024.6 SC433019 business:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC433019 2024-09-30 SC433019 2024-10-01 2025-09-30 SC433019 business:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 SC433019 business:AbridgedAccounts 2024-10-01 2025-09-30 SC433019 2025-09-30 SC433019 business:Director1 2024-10-01 2025-09-30 SC433019 business:Director2 2024-10-01 2025-09-30 SC433019 business:RegisteredOffice 2024-10-01 2025-09-30 SC433019 2024-09-30 SC433019 core:WithinOneYear 2025-09-30 SC433019 core:WithinOneYear 2024-09-30 SC433019 core:ShareCapital core:PreviouslyStatedAmount 2025-09-30 SC433019 core:ShareCapital core:PreviouslyStatedAmount 2024-09-30 SC433019 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-09-30 SC433019 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-09-30 SC433019 core:PreviouslyStatedAmount 2025-09-30 SC433019 core:PreviouslyStatedAmount 2024-09-30 SC433019 business:SmallEntities 2024-10-01 2025-09-30 SC433019 countries:Scotland 2024-10-01 2025-09-30 SC433019 core:FurnitureFittings 2024-10-01 2025-09-30 SC433019 core:ComputerEquipment 2024-10-01 2025-09-30 SC433019 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company Registration No. SC433019 (Scotland)
Handpicked People Ltd Unaudited accounts for the year ended 30 September 2025
Handpicked People Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Handpicked People Ltd Company Information for the year ended 30 September 2025
Directors
B Low K Low
Company Number
SC433019 (Scotland)
Registered Office
106 Boswell Road Inverness IV2 3EW Scotland
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
- 3 -
Handpicked People Ltd Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,697
577
Current assets
Debtors
13,297
9,764
Cash at bank and in hand
121,103
84,451
134,400
94,215
Creditors: amounts falling due within one year
(33,708)
(23,503)
Net current assets
100,692
70,712
Total assets less current liabilities
103,389
71,289
Provisions for liabilities
Deferred tax
(588)
(115)
Net assets
102,801
71,174
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
101,801
70,174
Shareholders' funds
102,801
71,174
For the year ending 30 September 2025 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 7 April 2026 and were signed on its behalf by
B Low Director Company Registration No. SC433019
- 4 -
Handpicked People Ltd Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Handpicked People Ltd is a private company, limited by shares, registered in Scotland, registration number SC433019. The registered office is 106 Boswell Road, Inverness, IV2 3EW, Scotland.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
- 5 -
Handpicked People Ltd Notes to the Accounts for the year ended 30 September 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 October 2024
6,418
Additions
2,648
Disposals
(1,147)
At 30 September 2025
7,919
Depreciation
At 1 October 2024
5,841
Charge for the year
528
On disposals
(1,147)
At 30 September 2025
5,222
Net book value
At 30 September 2025
2,697
At 30 September 2024
577
5
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 6 -