Audeo People Limited 31/07/2020 iXBRL
Audeo People Limited 31/07/2020 iXBRL
Company registration number:
08603746
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Directors and other information
Director |
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Secretary |
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Company number |
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Registered office |
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Business address |
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Accountants |
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438 Ley Street | ||
Ilford | ||
Essex | ||
IG2 7BS | ||
Bankers |
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Bridle Road | ||
Bootle | ||
Merseyside | ||
L30 4GB | ||
Report to the director on the preparation of the
unaudited statutory financial statements of Audeo People Limited
Year ended 31 July 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Audeo People Limited for the year ended 31 July 2020 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of The Association of International Accountants , we are subject to its ethical and other professional requirements which are detailed at www.aiaworldwide.com/guidance-ethics.
This report is made solely to the director of Audeo People Limited, as a body, in accordance with the terms of our engagement letter dated 4 December 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Audeo People Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of The Association of International Accountants as detailed at www.aiaworldwide.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Audeo People Limited and its director as a body for our work or for this report.
It is your duty to ensure that Audeo People Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Audeo People Limited. You consider that Audeo People Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Audeo People Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Accountants and Business Advisors
438 Ley Street
Ilford
Essex
IG2 7BS
24 November 2020
Statement of financial position
31 July 2020
2020 | 2019 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 4 |
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Current assets | |||||||||
Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 5 |
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Net current liabilities |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholder funds |
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Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
24 November 2020
, and are signed on behalf of the board by:
Director
Company registration number:
08603746
Notes to the financial statements
Year ended 31 July 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 438 Ley Street, Ilford, Essex, IG2 7BS.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
4.
Tangible assets
Fixtures, fittings and equipment | Total | ||
£ | £ | ||
Cost | |||
At 1 August 2019 |
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Additions |
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At 31 July 2020 |
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Depreciation | |||
At 1 August 2019 |
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Charge for the year |
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At 31 July 2020 |
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Carrying amount | |||
At 31 July 2020 |
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At 31 July 2019 |
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5.
Creditors: amounts falling due within one year
2020 | 2019 | |||
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Corporation tax |
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Other creditors |
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6.
Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company: | ||||
2020 | ||||
Balance brought forward | Advances /(credits) to the director | Balance o/standing | ||
£ | £ | £ | ||
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2019 | ||||
Balance brought forward | Advances /(credits) to the director | Balance o/standing | ||
£ | £ | £ | ||
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7.
Controlling party
Mrs JM Reynolds