Company Registration No. 07176357 (England and Wales)
E-PEOPLE PERSONNEL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
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 2020
31 December 2020
- 1 -
2020
2019
Notes
£
£
£
£
Fixed assets
Investments
3
769,160
769,160
Current assets
Debtors
4
111,000
111,000
Cash at bank and in hand
22,347
25,008
133,347
136,008
Creditors: amounts falling due within one year
5
(310,736)
(390,736)
Net current liabilities
(177,389)
(254,728)
Net assets
591,771
514,432
Capital and reserves
Called up share capital
119,998
119,998
Profit and loss reserves
471,773
394,434
Total equity
591,771
514,432
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 2020 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.
T
he 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 27 September 2021 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 2020
- 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 a
mounts
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.
E-PEOPLE PERSONNEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2020
2019
Number
Number
Total
3
3
3
Fixed asset investments
2020
2019
£
£
Other investments
769,160
769,160
4
Debtors
2020
2019
Amounts falling due within one year:
£
£
Other debtors
111,000
111,000
5
Creditors: amounts falling due within one year
2020
2019
£
£
Amounts owed to group undertakings
307,473
387,473
Other creditors
3,263
3,263
310,736
390,736
6
Related party transactions
At the year end the company owed £307,473 (2019: £387,473) to Nicholas Associates Group Limited, a company Mr B J Allen is a director of. This amount is included within creditors.
7
Parent company
E People Personnel Holdings Ltd is the company's parent company and the ultimate controlling party.