1.
General Information
Puttingyoufirst (Holdings) Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
12333772
. The registered office is Central Office, Hartford Business Centre, Chester Road, Hartford, Northwich, Cheshire, CW8 2AB.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The presentation currency of the financial statements is the Pound Sterling (£).
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Grant income
Grant income of a revenue type is recognised in the profit and loss account in full in the period of receipt, except for mnths that are reclaimable by the provider.
Capital grants are released to the profit and loss account in line with the depreciation charged on the assets that have been finded. The remainder of the amount received is recognised as a liability as deferred income.
2.3.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Puttingyoufirst (Holdings) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2.4.
Preparation of consolidated financial statements
The financial statements contain information about Puttingyoufirst (Holdings) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
2.5.
Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
2.6.
Financial instruments
FINANCIAL ASSETS
Trade, group and other debtors
Trade, group and other debtors (including accrued income) which are receivable within one year and which do not constitute a financial transaction are initially measured at the transacting price and subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses.
A provision for impairment of trade debtors is established where there is objective evidence that the amounts due will not be be collected according to the original terms of the contract. Impairment losses are recognised in profit and loss for the excess of the carrying value of the trade debtor over the present value of the future cash flows discounted using the original effective interest rate.
Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in the profit and loss.
FINANCIAL LIABILITIES
Trade, group and other creditors
Trade, group and other creditors (including accruals) payable within one year that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being transaction price less any amounts settled.
Derecognition of financial assets and liabilities
A financial asset is only derecognised when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks and rewards of ownership are retained but control of the assert has transferred to another party that is able to sell the assets in its entirety to an unrelated third party. A financial liability or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.
2.7.
Grant income
Grant income of a revenue type is recognised in the profit and loss account in full in the period of receipt, except for amounts that are reclaimable by the provider.
Capital grants are released to the profit and loss account in line with the depreciation charged on the assets that have been funded. The remained of the amount received is recognised as a liability for deferred income.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
Puttingyoufirst (Holdings) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
4.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost or Valuation | |
| As at 1 September 2024 |
|
| As at 31 August 2025 |
|
| Provision | |
| As at 1 September 2024 |
|
| As at 31 August 2025 |
|
| Net Book Value | |
| As at 31 August 2025 |
|
| As at 1 September 2024 |
|
The company's investments at the Balance Sheet date in the share capital of companies include the following:
Puttingyoufirst Limited
Registered office: Central Office, Unit 17, Chester Road, Hartford, Northwich, Cheshire, England, CW8 2AB.
Nature of busines: Social work and care provision activities.
Class of Shares: % holding
Ordinary: 100.00
Ordinary Y: 100.00
|
2025
|
2024
|
||
|
£
|
£
|
||
|
Aggregate capital and reserves
|
248,013
|
299,687
|
|
|
Profit for the year
|
230,095
|
313,919
|
|
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5.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors |
|
|
|
6.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors |
|
|
|
| Accruals and deferred income |
|
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|
|
|
|
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Puttingyoufirst (Holdings) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
8.
Reserves
| Income Statement | |
|---|---|
| £ | |
| As at 1 September 2024 |
|
| Profit for the year and total comprehensive income |
|
| Dividends paid | (204,000) |
| As at 31 August 2025 |
|
9.
Ultimate Controlling Party
The ultimate controlling party of the company is the Board of Directors, who collective own 100% of the issued ordinary share capital of the company.