Staffways Agency Ltd. - Accounts

Staffways Agency Ltd. - Accounts

STAFFWAYS AGENCY LTD. - Company Information

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Registered Number: 09683082
England and Wales

 

 

 

STAFFWAYS AGENCY LTD.


Abridged Accounts
 


Period of accounts

Start date: 01 August 2019

End date: 31 July 2020

Staffways Agency Ltd.
Contents Page
For the year ended 31 July 2020
Report to the directors on the preparation of the unaudited statutory accounts of Staffways Agency Ltd. for the year ended 31 July 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Staffways Agency Ltd. for the year ended 31 July 2020 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Staffways Agency Ltd., as a body, in accordance with the terms of our engagement letter dated 15 March 2021 Our work has been undertaken solely to prepare for your approval the accounts of Staffways Agency Ltd. and state those matters that we have agreed to state to the Board of Directors of Staffways Agency Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Staffways Agency Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Staffways Agency Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Staffways Agency Ltd.. You consider that Staffways Agency Ltd. is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Staffways Agency Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 July 2020



....................................................
SRT Accounting Services Ltd
83 Heathbank Road
Higher Blackley
Manchester
M9 0WB
15 March 2021
1
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Tangible fixed assets 2 (225)   0 
(225)   0 
Current assets      
Creditors: amount falling due within one year (518)   (519)
Net current liabilities (518)   (519)
 
Total assets less current liabilities (743)   (519)
Net liabilities (743)   (519)
 

Capital and reserves 		     
Profit and loss account (743)   (519)
Shareholders funds (743)   (519)
 


For the year ended 31 July 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 15 March 2021 and were signed on its behalf by:


--------------------------------
Olanrewaju Olorode
Director
2
General Information
Staffways Agency Ltd. is a private company, limited by shares, registered in England and Wales, registration number 09683082, registration address 6 Bute Street, Manchester, M40 9NY

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 50% Straight Line
2.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 August 2019 900    900 
Additions -    - 
Disposals -    - 
At 31 July 2020 900    900 
Depreciation
At 01 August 2019 900    900 
Charge for year 225    225 
On disposals -    - 
At 31 July 2020 1,125    1,125 
Net book values
Closing balance as at 31 July 2020 (225)   (225)
Opening balance as at 01 August 2019 -    - 


3.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2020
£		   2019
£
100 Class A shares of £1.00 each 100    100 
100    100 

4.

Average number of employees

Average number of employees during the year was 1 (2019 : 1)
3