Nolan Recruitment Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09984630 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2018 TO 31 AUGUST 2019

FOR

NOLAN RECRUITMENT SOLUTIONS LIMITED

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

6

DIRECTORS:

Mr S M Neary

Mr C Currie

REGISTERED OFFICE:

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

BUSINESS ADDRESS:

Unit 1 Owen House Farm

Wood Lane

Knutsford

Cheshire

WA16 7NY

REGISTERED NUMBER:

09984630 (England and Wales)

ACCOUNTANTS:

Cadishead Accountancy Services Limited

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

The directors present their report with the financial statements of the company for the period 1 March 2018 to 31 August 2019.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of a recruitment agency.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 March 2018 to the date of this report.

Mr S M Neary

Mr C Currie

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mr S M Neary - Director

11 October 2019

FIXED ASSETS

Tangible assets

4

2,538

1,837

CURRENT ASSETS

Debtors

5

18,775

17,585

Prepayments and accrued income

-

2,400

Cash at bank and in hand

24,672

47,287

43,447

67,272

CREDITORS

Amounts falling due within one year

6

(44,050

)

(67,450

)

NET CURRENT LIABILITIES

(603

)

(178

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,935

1,659

PROVISIONS FOR LIABILITIES

(431

)

(312

)

NET ASSETS

1,504

1,347

CAPITAL AND RESERVES

Called up share capital

301

300

Retained earnings

1,203

1,047

SHAREHOLDERS' FUNDS

1,504

1,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2019 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 11 October 2019 and were signed on its behalf by:

Mr S M Neary - Director

1.	STATUTORY INFORMATION

Nolan Recruitment Solutions 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

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

Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2018

2,459

Additions

1,429

At 31 August 2019

3,888

DEPRECIATION

At 1 March 2018

622

Charge for period

728

At 31 August 2019

1,350

NET BOOK VALUE

At 31 August 2019

2,538

At 28 February 2018

1,837

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

28.2.18

£

£

Trade debtors

15,152

15,763

Other debtors

3,623

1,822

18,775

17,585

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

28.2.18

£

£

Trade creditors

1,293

1,248

Taxation and social security

21,890

22,554

Other creditors

20,867

43,648

44,050

67,450

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S M Neary.