KINGS PERMANENT RECRUITMENT LTD

KINGS PERMANENT RECRUITMENT LTD

KINGS PERMANENT RECRUITMENT LTD - Company Information

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KINGS PERMANENT RECRUITMENT LTD

Company Registration Number:
05907400 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2018

Period of accounts

Start date: 01 July 2017

End date: 30 June 2018

KINGS PERMANENT RECRUITMENT LTD

Contents of the Financial Statements

for the Period Ended 30 June 2018

Balance sheet
Notes

KINGS PERMANENT RECRUITMENT LTD

Balance sheet

As at 30 June 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 22,826 30,434
Total fixed assets: 22,826 30,434
Current assets
Debtors: 4 24,868 26,072
Cash at bank and in hand: 52,858 43,430
Total current assets: 77,726 69,502
Creditors: amounts falling due within one year: 5 (161,440) (119,184)
Net current assets (liabilities): (83,714) (49,682)
Total assets less current liabilities: (60,888) (19,248)
Total net assets (liabilities): (60,888) (19,248)
Capital and reserves
Called up share capital: 15 15
Profit and loss account: (60,903) (19,263)
Shareholders funds: (60,888) (19,248)

The notes form part of these financial statements

KINGS PERMANENT RECRUITMENT LTD

Balance sheet statements

For the year ending 30 June 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 December 2018
and signed on behalf of the board by:

Name: S King
Status: Director

The notes form part of these financial statements

KINGS PERMANENT RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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.

Tangible fixed assets and depreciation policy

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 Fixtures, Fittings & Equipment 25% reducing balance. 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.

Other accounting policies

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

KINGS PERMANENT RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

2. Employees

2018 2017
Average number of employees during the period 2 2

KINGS PERMANENT RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

3. Tangible Assets

Total
Cost £
At 01 July 2017 61,166
At 30 June 2018 61,166
Depreciation
At 01 July 2017 30,732
Charge for year 7,608
At 30 June 2018 38,340
Net book value
At 30 June 2018 22,826
At 30 June 2017 30,434

KINGS PERMANENT RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

4. Debtors

Trade Debtors £24,868

KINGS PERMANENT RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

5. Creditors: amounts falling due within one year note

Corporation Tax £16,129Social Security and Other Taxes £2,109Other Creditors £143,202