People Technologies Limited iXBRL

Company Registration Number: 05506945

People Technologies Limited

Financial Statements

for the financial year ended 31 December 2025

People Technologies Limited

Company Registration Number: 05506945

Statement of Financial Position

as at 31 December 2025

		2025	2024
	Notes	£	£

Current Assets

Debtors

23,997

11,268

Cash and cash equivalents

502,171

434,591

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526,168

445,859

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Creditors: amounts falling due within one year

(199,256)

(184,433)

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Net Current Assets

326,912

261,426

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Total Assets less Current Liabilities

326,912

261,426

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Capital and Reserves

Called up share capital

100

100

Retained earnings

326,812

261,326

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Equity attributable to owners of the company

326,912

261,426

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The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

Approved by the Board and authorised for issue on 8 October 2026 and signed on its behalf by



________________________________
Steven Joel Stein
Director

People Technologies Limited

Notes to the Financial Statements

for the financial year ended 31 December 2025

General Information

People Technologies Limited is a company limited by shares incorporated and registered in the England and Wales. The registered number of the company is 05506945. The registered office of the company is 5 The Retreat, Harrow, Middlesex, HA2 7JH which is also the principal place of business of the company. The principal activity of the company is the supply of psychometric assessment services. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 December 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover represents amounts receivable for the provision of psychometric assessment services, exclusive of value added tax.

Customers are invoiced in advance for a contract period. Amounts invoiced that relate to a future period are carried in creditors as deferred income and recognised in the income statement on a straight-line basis over the contract period to which they relate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

INFORMATION RELATING TO THE AUDITOR'S REPORT

The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.

The financial statements were audited by HCA Chartered Accountants Ltd.

The Auditor's Report was signed by Brian Hegarty (Senior Statutory Auditor) for and on behalf of HCA Chartered Accountants Ltd on 8th October 2026.

Employees

The average monthly number of employees, including directors, during the financial year was 0, (2024 - 0).


5.	Debtors	2025	2024
		£	£

	Taxation	14,541	-
	Prepayments and accrued income	9,456	11,268
		─────────	─────────
		23,997	11,268
		═════════	═════════

Creditors

2025

2024

Amounts falling due within one year

Amounts owed to group undertakings

169,598

143,457

Taxation

15,330

Accruals and deferred income

29,658

25,646

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199,256

184,433

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At 31 December 2025 the company owed £169,598 (2024: £143,457) to Multi-Health Systems Inc.. The balance is unsecured, interest free and repayable on demand.

Capital commitments

The company had no material capital commitments at the financial year-ended 31 December 2025.

Related party transactions

The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.

Parent company

The company regards Multi-Health Systems Inc. as its parent company.

Multi-Health Systems Inc. does not prepare consolidated financial statements. The results of the company are not therefore consolidated into the financial statements of any group, and no group financial statements are available to the public.

Multi-Health Systems Inc. is registered in Canada. Its registered office is 3770 Victoria Park Avenue, Toronto, Ontario, M2H 3M6, Canada.

10.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.


11.	Share Capital	2025	2024
		£	£

	Ordinary £1 Share Capital	100	100
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