PEOPLE_VALUE_LTD - Accounts

BOOSTWORKS PEOPLE ENGAGEMENT LIMITED - Company Information

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Company Registration No. 04516741 (England and Wales)

PEOPLE VALUE LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

PEOPLE VALUE LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

PEOPLE VALUE LTD

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

114,466

133,918

Current assets

Stocks

46,656

42,928

Debtors

1,037,111

1,011,176

Cash at bank and in hand

400,531

468,230

1,484,298

1,522,334

Creditors: amounts falling due within one year

(1,379,648)

(1,358,179)

Net current assets

104,650

164,155

Total assets less current liabilities

219,116

298,073

Creditors: amounts falling due after more than one year

(66,667)

Provisions for liabilities

(4,696)

(26,783)

214,420

204,623

Capital and reserves

Called up share capital

Profit and loss account

214,418

204,621

Shareholders' funds

214,420

204,623

PEOPLE VALUE LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2015

- 2 -

For the financial year ended 31 December 2015 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 financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 September 2016

M R Morgan

Director

Company Registration No. 04516741

PEOPLE VALUE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for the provision of services, net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Period of lease

Plant and machinery

20% Straight Line

Boat

10% Straight Line

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

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 accounts. 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 current tax rates and laws.

1.7

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

1.8

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

PEOPLE VALUE LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 January 2015

236,104

Additions

6,326

At 31 December 2015

242,430

Depreciation

At 1 January 2015

102,186

Charge for the year

25,778

At 31 December 2015

127,964

Net book value

At 31 December 2015

114,466

At 31 December 2014

133,918

Share capital

2015

2014

Allotted, called up and fully paid

200,000 Ordinary A to D shares of 0.001p each

Transactions with directors

The following directors had loans during the year. The movement on these loans are as follows:

Amount outstanding

Maximum

2015

2014

in year

M R Morgan - Director's current account

7,328

3,763

12,003

Interest has been charged on this loan at 3.0625%.