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All About People Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2017

John Holmes-AIMS Accountant
3 Vermont Grove
Royal Leamington Spa
Warwickshire
CV31 1SE

All About People Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 8

All About People Limited

Company Information

Director

Miss Miriam Antoinette Ita Bannon

Registered office

50 Holly Walk Leamington Spa Warwickshire CV32 4HY

Accountants

John Holmes-AIMS Accountant 3 Vermont Grove Royal Leamington Spa Warwickshire CV31 1SE

Page 1

All About People Limited

(Registration number: 07349756)
Balance Sheet as at 31 August 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	3	33	1,477
Current assets
Debtors	4	37,449	39,046
Cash at bank and in hand		14,233	25,009
		51,682	64,055
Creditors: Amounts falling due within one year	5	(7,335)	(23,046)
Net current assets		44,347	41,009
Net assets		44,380	42,486
Capital and reserves
Called up share capital	6	100	100
Profit and loss account		44,280	42,386
Total equity		44,380	42,486

For the financial year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

The notes on pages 4 to 8 form an integral part of these financial statements.

Page 2

All About People Limited

(Registration number: 07349756)
Balance Sheet as at 31 August 2017

Approved and authorised by the director on 31 May 2018
 

.........................................

Miss Miriam Antoinette Ita Bannon
Director

The notes on pages 4 to 8 form an integral part of these financial statements.

Page 3

All About People Limited

Notes to the Financial Statements for the Year Ended 31 August 2017

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
50 Holly Walk
Leamington Spa
Warwickshire
CV32 4HY
England

The principal place of business is:
50, Holly Walk,
Leamington Spa
Warwickshire
CV32 4HY

These financial statements were authorised for issue by the director on 31 May 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Page 4

All About People Limited

Notes to the Financial Statements for the Year Ended 31 August 2017

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	20.0% straight line
Computer Equipment	33.33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Page 5

All About People Limited

Notes to the Financial Statements for the Year Ended 31 August 2017

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 6

All About People Limited

Notes to the Financial Statements for the Year Ended 31 August 2017

3	Tangible assets

	Furniture, fittings and equipment  £	Properties under construction  £	Total £
Cost or valuation
At 1 September 2016	7,388	477	7,865
At 31 August 2017	7,388	477	7,865
Depreciation
At 1 September 2016	5,911	477	6,388
Charge for the year	1,444	-	1,444
At 31 August 2017	7,355	477	7,832
Carrying amount
At 31 August 2017	33	-	33
At 31 August 2016	1,477	-	1,477

4

Debtors

	2017 £	2016 £
Trade debtors	5,420	19,046
Other debtors	32,029	20,000
	37,449	39,046

5

Creditors

Creditors: amounts falling due within one year

	Note	2017 £	2016 £
Due within one year
Bank loans and overdrafts	7	979	1,578
Trade creditors		2,014	4,360
Taxation and social security		1,807	11,584
Accruals and deferred income		1,687	1,831
Other creditors		848	3,693
		7,335	23,046

Page 7

All About People Limited

Notes to the Financial Statements for the Year Ended 31 August 2017