Company No: 13012320 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr D Chamberlain
	Ms S Knight

REGISTERED OFFICE	Darts Farm
	Clyst St George
	Exeter
	EX3 0QH
	England
	United Kingdom

COMPANY NUMBER

13012320 (England and Wales)

CHARTERED ACCOUNTANTS	Francis Clark LLP
	Centenary House
	Peninsula Park
	Rydon Lane
	Exeter
	Devon EX2 7XE

	Note	2023		2022
		£		£
Fixed assets
Tangible assets	3	649		1,093
Investments	4	308,000		0
		308,649		1,093
Current assets
Debtors	5	28,698		29,041
Cash at bank and in hand		48,442		43,510
		77,140		72,551
Creditors: amounts falling due within one year	6	( 72,247)		( 26,675)
Net current assets		4,893		45,876
Total assets less current liabilities		313,542		46,969
Provision for liabilities		0		( 208)
Net assets		313,542		46,761
Capital and reserves
Called-up share capital	7	101		100
Share premium account		299,999		0
Profit and loss account		13,442		46,661
Total shareholders' funds		313,542		46,761

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Tribus People Limited (registered number: 13012320) were approved and authorised for issue by the Board of Directors on 13 June 2024. They were signed on its behalf by:

Ms S Knight Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tribus People Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Darts Farm, Clyst St George, Exeter, EX3 0QH, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax. Income is recognised on completion of sales contracts.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	20 % reducing balance
Computer equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 January 2023	354		1,597		1,951
At 31 December 2023	354		1,597		1,951
Accumulated depreciation
At 01 January 2023	134		724		858
Charge for the financial year	44		400		444
At 31 December 2023	178		1,124		1,302
Net book value
At 31 December 2023	176		473		649
At 31 December 2022	220		873		1,093

4. Fixed asset investments

Investments in subsidiaries

	2023
	£
Cost
At 01 January 2023	0
Additions	308,000
At 31 December 2023	308,000
Carrying value at 31 December 2023	308,000
Carrying value at 31 December 2022	0

During the year, the company acquired the entire called up share capital of Sarah West Recruitment Limited (company number: 06681649). The relevant address is the company's registered office as disclosed in Note 1.

5. Debtors

	2023		2022
	£		£
Trade debtors	28,257		24,277
Other debtors	441		4,764
	28,698		29,041

6. Creditors: amounts falling due within one year

	2023		2022
	£		£
Trade creditors	1,368		72
Amounts owed to Group undertakings	32,606		0
Taxation and social security	35,231		23,803
Other creditors	3,042		2,800
	72,247		26,675

7. Called-up share capital

	2023		2022
	£		£
Allotted, called-up and fully-paid
55 Ordinary A shares of £ 1.00 each	55		55
45 Ordinary B shares of £ 1.00 each	45		45
	100		100
1 Preferential Ordinary preference share of £ 1.00 (2022: nil shares)	1		0
	101		100

All ordinary shares shall be identical and rank pari passu. Ordinary shares have the following rights, preferences and restrictions:
Full voting rights and full entitlement to profit and capital distribution.

Ordinary B shares have the following rights, preferences and restrictions:
Full voting rights and full entitlement to profit and capital distribution.

Preference shares have the following rights, preferences and restrictions:
No voting rights and right to dividends declared on that class of share.

Preference shares have the prior right to capital in the aggregate sum of £300k, reflecting the market value of Sarah West Recruitment Ltd (crn 06681649) at the date of allotment, on a winding up or other capital distribution but no further rights to capital.

8. Related party transactions

Transactions with owners holding a participating interest in the entity

	2023		2022
	£		£
Transactions with group company	32,606		0

During the year, a loan existed between Tribus People Limited and Sarah West Recruitment Limited . At the balance sheet date the amount due to Sarah West Recruitment Limited was £32,606 (2022: £Nil). The balance is repayable on demand.