Accounts filed on 31-05-2016

EMBARK RESOURCING LTD - Company Information

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Company Registration Number:
09054655 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 June 2015

End date: 31 May 2016

Contents of the Financial Statements

for the Period Ended 31 May 2016


Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

Directors' Report Period Ended 31 May 2016

The directors present their report with the financial statements of the company for the period ended 31 May 2016

Principal activities

The company's principal activity during the period was providing recruitment services

Directors
The directors shown below have held office during the whole of the period from
01 June 2015 to 31 May 2016
David Raymond
Nichola Raymond

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 21 July 2016
And Signed On Behalf Of The Board By:

Name: David Raymond
Status: Director

Name: Nichola Raymond
Status: Director

Profit and Loss Account

for the Period Ended 31 May 2016

	Notes	2016 £	2015 £
Turnover:		349,554	61,341
Cost of sales:		( 185,230 )	( 5,465 )
Gross profit or (loss):		164,324	55,876
Administrative expenses:	2	( 69,004 )	( 39,309 )
Operating profit or (loss):	3	95,320	16,567
Profit or (loss) on ordinary activities before taxation:		95,320	16,567
Tax on profit or (loss) on ordinary activities:	4	( 19,374 )	( 2,796 )
Profit or (loss) for the financial year:		75,946	13,771

The notes form part of these financial statements

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

Balance sheet

As at 31 May 2016

	Notes	2016 £	2015 £
Fixed assets
Tangible assets:	6	2,778	3,244
Total fixed assets:		2,778	3,244
Current assets
Debtors:	7	122,074	15,539
Cash at bank and in hand:		51,881	7,694
Total current assets:		173,955	23,233
Creditors: amounts falling due within one year:	8	( 153,082 )	( 15,204 )
Net current assets (liabilities):		20,873	8,029
Total assets less current liabilities:		23,651	11,273
Total net assets (liabilities):		23,651	11,273

The notes form part of these financial statements

Balance sheet continued

As at 31 May 2016

	Notes	2016 £	2015 £
Capital and reserves
Called up share capital:	9	2	2
Profit and loss account:	10	23,649	11,271
Shareholders funds:		23,651	11,273

For the year ending 31 May 2016 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 21 July 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: David Raymond
Status: Director

Name: Nichola Raymond
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 May 2016

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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).

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT and trade discounts

Tangible fixed assets depreciation policy

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:
Computer equipment 33% on cost
Fixtures, fittings & equipment 25% on cost

Notes to the Financial Statements

for the Period Ended 31 May 2016

2. Directors' remuneration

	2016 £	2015 £
Directors' remuneration:	15,189	9,482
TOTAL:	15,189	9,482

Notes to the Financial Statements

for the Period Ended 31 May 2016

3. Operating profit or (loss)

Operating profit or (loss) before tax as stated after charging the following.

	2016 £	2015 £
Depreciation - owned assets:	1,419	133

Notes to the Financial Statements

for the Period Ended 31 May 2016

4. Taxation

The tax charge on the profit on ordinary activities for the period was as follows:

	2016 £	2015 £
UK Corporation tax:	19,374	2,796
Tax on profit or (loss) on ordinary activities:	19,374	2,796
Profit or (loss) on ordinary activities before taxation:	95,320	16,567
Profit or (loss) on ordinary activities before taxation multiplied by the rate(s) of Corporation Tax applicable:	0	0
Any other adjustments:	19,374	2,796
Current tax charge or (credit):	19,374	2,796

Notes to the Financial Statements

for the Period Ended 31 May 2016

5. Dividends

	2016 £	2015 £
Dividends paid on ordinary shares:	63,568	2,500
Total dividends paid:	63,568	2,500

Notes to the Financial Statements

for the Period Ended 31 May 2016

6. Tangible assets

	Land and buildings	Plant and Machinery	Fixtures and fittings	Office Equipment	Motor vehicles	Total
Cost	£	£	£	£	£	£
01 June 2015:	-	-	3,377	-	-	3,377
Additions:	-	-	953	-	-	953
Disposals:	-	-	-	-	-	0
Revaluations:	-	-	-	-	-	0
Transfers:	-	-	-	-	-	0
31 May 2016:	-	-	4,330	-	-	4,330
Depreciation
01 June 2015:	-	-	133	-	-	133
Charge for year:	-	-	1,419	-	-	1,419
On disposals:	-	-	-	-	-	0
Other adjustments:	-	-	-	-	-	0
31 May 2016:	-	-	1,552	-	-	1,552
Net book value
31 May 2016:	-	-	2,778	-	-	2,778
31 May 2015:	-	-	3,244	-	-	3,244

Notes to the Financial Statements

for the Period Ended 31 May 2016

7. Debtors

	2016 £	2015 £
Trade debtors:	96,626	12,590
Other debtors:	25,448	2,949
Total:	122,074	15,539

Notes to the Financial Statements

for the Period Ended 31 May 2016

8. Creditors: amounts falling due within one year

	2016 £	2015 £
Bank loans and overdrafts:	66,012	0
Trade creditors:	34,969	6,804
Taxation and social security:	19,382	3,593
Other creditors:	32,719	4,807
Total:	153,082	15,204

Notes to the Financial Statements

for the Period Ended 31 May 2016

9. Called up share capital

Allotted, called up and paid

Previous period			2015
Class	Number of shares	Nominal value per share (£)	Total (£)
Ordinary shares:	2	1.00	2
Preference shares:			0
Total share capital (£):			2

Current period			2016
Class	Number of shares	Nominal value per share (£)	Total (£)
Ordinary shares:	2	1.00	2
Preference shares:			0
Total share capital (£):			2

Notes to the Financial Statements

for the Period Ended 31 May 2016

10. Profit and loss account

	2016 £	2015 £
Opening balance:	11,271
Profit or (loss) for the period:	75,946	13,771
Equity dividends paid:	( 63,568 )	( 2,500 )
Retained profit:	23,649	11,271

Director:		David Raymond
		Nichola Raymond


Registered office:		20-22 Wenlock Road London England N1 7GU


Company Registration Number:		09054655 (England and Wales)

Accounts filed on 31-05-2016