REGISTERED NUMBER: 13760906 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

BY THE PEOPLE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H E Cowley

A R Cowley

REGISTERED OFFICE:

73 Pelham Way

Cottenham

Cambridge

Cambridgeshire

CB24 8TQ

REGISTERED NUMBER:

13760906 (England and Wales)

ACCOUNTANTS:

TC Group

1st Floor

5-7 Portugal Place

Cambridge

Cambridgeshire

CB5 8AF

FIXED ASSETS

Tangible assets

5

3,631

2,006

CURRENT ASSETS

Stocks

525

650

Cash and cash equivalents

12,041

13,090

12,566

13,740

CREDITORS

Amounts falling due within one year

6

(4,088

)

(9,162

)

NET CURRENT ASSETS

8,478

4,578

TOTAL ASSETS LESS CURRENT LIABILITIES

12,109

6,584

PROVISIONS FOR LIABILITIES

7

(526

)

(500

)

NET ASSETS

11,583

6,084

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

11,483

5,984

SHAREHOLDERS' FUNDS

11,583

6,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2026 and were signed on its behalf by:

H E Cowley - Director

1.	STATUTORY INFORMATION

By The People 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the sales of phone cases, tote bags and other customisable items during the reporting period. Revenue is recognised at the point the risks and rewards of ownership are transferred to the customer, typically upon dispatch of the product.

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

The company is not registered for Value Added Tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2024

2,710

-

2,710

Additions

-

2,299

2,299

At 30 November 2025

2,710

2,299

5,009

DEPRECIATION

At 1 December 2024

704

-

704

Charge for year

501

173

674

At 30 November 2025

1,205

173

1,378

NET BOOK VALUE

At 30 November 2025

1,505

2,126

3,631

At 30 November 2024

2,006

-

2,006

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

2,468

1,373

Other creditors

1,620

7,789

4,088

9,162

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

526

500

Deferred

tax

£

Balance at 1 December 2024

500

Provided during year

26

Balance at 30 November 2025

526

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

100

100

100

9.	RELATED PARTY DISCLOSURES

During the year, the company paid rent of £2,400 (2024: £312) to a director in respect of business use of residential premises. The directors consider the charge reasonable having regard to the extent of the company's occupation.

At the balance sheet date, the company owed a director £499 (2024: £5,698). The balance is unsecured, interest-free, repayable on demand, and included within creditors falling due within one year.