1 January 2025 false No description of principal activity Taxfiler 2024.6 04352450 business:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04352450 2024-12-31 04352450 2025-01-01 2025-12-31 04352450 business:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 04352450 business:AbridgedAccounts 2025-01-01 2025-12-31 04352450 2025-12-31 04352450 2024-12-31 04352450 core:WithinOneYear 2025-12-31 04352450 core:WithinOneYear 2024-12-31 04352450 core:ShareCapital core:PreviouslyStatedAmount 2025-12-31 04352450 core:ShareCapital core:PreviouslyStatedAmount 2024-12-31 04352450 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-12-31 04352450 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-12-31 04352450 core:PreviouslyStatedAmount 2025-12-31 04352450 core:PreviouslyStatedAmount 2024-12-31 04352450 business:SmallEntities 2025-01-01 2025-12-31 04352450 business:Director1 2025-01-01 2025-12-31 04352450 countries:EnglandWales 2025-01-01 2025-12-31 04352450 business:RegisteredOffice 2025-01-01 2025-12-31 04352450 core:FurnitureFittings 2025-01-01 2025-12-31 04352450 core:ComputerEquipment 2025-01-01 2025-12-31 04352450 core:AcceleratedTaxDepreciationDeferredTax 2025-12-31 04352450 core:AcceleratedTaxDepreciationDeferredTax 2024-12-31 04352450 2023-12-31 04352450 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company Registration No. 04352450 (England and Wales)
INTELLIGENT PEOPLE LIMITED Unaudited accounts for filing with the registrar for the year ended 31 December 2025
INTELLIGENT PEOPLE LIMITED Unaudited accounts for filing with the registrar Contents
Page
Statement of financial position
3
Notes to the accounts
4
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INTELLIGENT PEOPLE LIMITED Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,875
15,134
Current assets
Inventories
80,684
21,812
Debtors
198,607
260,136
Cash at bank and in hand
234,175
85,612
513,466
367,560
Creditors: amounts falling due within one year
(209,059)
(81,787)
Net current assets
304,407
285,773
Total assets less current liabilities
306,282
300,907
Provisions for liabilities
Deferred tax
5
(469)
(3,706)
Net assets
305,813
297,201
Capital and reserves
Called up share capital
1,950
1,950
Profit and loss account
303,863
295,251
Shareholders' funds
305,813
297,201
For the year ending 31 December 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 11 August 2026 and were signed on its behalf by
Chris Mason Director Company Registration No. 04352450
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INTELLIGENT PEOPLE LIMITED Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
INTELLIGENT PEOPLE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04352450. The registered office is 71-75 Shelton Street, London, WC2H 9JQ, United Kingdom.
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% Reducing Balance
Computer equipment
25% Reducing Balance
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.
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INTELLIGENT PEOPLE LIMITED Notes to the Accounts for the year ended 31 December 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 January 2025
39,090
Additions
679
Disposals
(37,083)
At 31 December 2025
2,686
Depreciation
At 1 January 2025
23,956
Charge for the year
3,094
On disposals
(26,239)
At 31 December 2025
811
Net book value
At 31 December 2025
1,875
At 31 December 2024
15,134
5
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
469
3,706
2025
2024
£
£
Provision at start of year
3,706
5,278
Credited to the profit and loss account
(3,237)
(1,572)
Provision at end of year
469
3,706
6
Transactions with related parties
At 31 December 2025 there were loans owing to directors of £1,248 (2024: £624). The loans are interest free and repayable on demand.
7
Average number of employees
During the year the average number of employees was 10 (2024: 12).
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