Eden Smith Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11167278 (England and Wales)

Unaudited Financial Statements

for the Period 24 January 2018 to 31 December 2018

for

Eden Smith Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs C H Black

J S Clark

M F Smith

REGISTERED OFFICE:

26 Dorset Gardens

Rochford

Essex

SS4 3AH

REGISTERED NUMBER:

11167278 (England and Wales)

ACCOUNTANTS:

HCL Accountancy Limited

26 Dorset Gardens

Rochford

Essex

SS4 3AH

CURRENT ASSETS

Debtors

4

66,634

Cash at bank

22,382

89,016

CREDITORS

Amounts falling due within one year

5

355,182

NET CURRENT LIABILITIES

(266,166

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(266,166

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(266,266

)

SHAREHOLDERS' FUNDS

(266,166

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 September 2019 and were signed on its behalf by:

J S Clark - Director

M F Smith - Director

1.	STATUTORY INFORMATION

Eden Smith Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover, which excludes value added tax, comprises the value of services undertaken by the company under its

principal activity, which is the provision of recruitment consultancy services. This broadly consists of:

-turnover from contractor placements, representing fees billed for the services of contractors including their

costs, which is recognised when the service has been provided.

-turnover from permanent placements, representing fees billed as a percentage of the candidate's remuneration

package, which is recognised on the start date of the candidate.

Turnover not invoiced at the balance sheet date is included within accrued income.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

35,377

Other debtors

31,257

66,634

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

1

Other creditors

355,181

355,182

6.	OTHER FINANCIAL COMMITMENTS AND GUARANTEES

All assets of the company are held as security formally charged to August Funding Limited by way of a

debenture charge.

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY

9.	GOING CONCERN

As at the balance sheet date the company had a net deficiency of assets of £266,166 after a net loss before

taxation of £266,266 for the period. The continuation of the Company's activities is dependent on the support of

its directors, shareholders and Eden Smith Consulting Limited. The financial statements are therefore drawn up

under the historical cost convention and on a going concern.