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
2
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
3
2
2
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 -
1
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 f or the provision of services, net of VAT. or 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 -
2
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
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
200,000 Ordinary A to D shares of 0.001p each
2
2
4
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%.

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