Company registration number 07176357 (England and Wales)
E-PEOPLE PERSONNEL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
E-PEOPLE PERSONNEL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
E-PEOPLE PERSONNEL LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Investments
3
769,160
769,160
Current assets
Debtors
4
111,000
111,000
Cash at bank and in hand
8,642
144,492
119,642
255,492
Creditors: amounts falling due within one year
5
(118,177)
(253,074)
Net current assets
1,465
2,418
Net assets
770,625
771,578
Capital and reserves
Called up share capital
119,998
119,998
Profit and loss reserves
650,627
651,580
Total equity
770,625
771,578
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 September 2023 and are signed on its behalf by:
Mr B J Allen
Director
Company Registration No. 07176357
E-PEOPLE PERSONNEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 2 -
1
Accounting policies
Company information
E-People Personnel Limited is a private company limited by shares incorporated in England and Wales. The registered office is Reginald Arthur House, 4 Percy Street,, Rotherham, South Yorkshire, S65 1ED.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
Debtors and creditors receivable/payable with a year
Debtors and creditors are recorded at transaction price receivable or payable within one year. Any losses arising from impairment are recognised in the profit and loss account within administrative expenses.
Investments
Investments are initially recognised at fair value which is the transaction price excluding transaction costs. They are subsequently measured at fair value through profit or loss if the shares are publicly traded or their fair value if this can otherwise be measured reliably. Other investments are measured at cost less impairment.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
3
3
E-PEOPLE PERSONNEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 3 -
3
Fixed asset investments
2022
2021
£
£
Other investments
769,160
769,160
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
111,000
111,000
5
Creditors: amounts falling due within one year
2022
2021
£
£
Amounts owed to group undertakings
117,499
252,474
Other creditors
678
600
118,177
253,074
6
Related party transactions
At the year end the company owed £117,499 (2021: £252,474) to Nicholas Associates Group Limited, a company Mr B J Allen is a director of. This amount is included within creditors.