Pangea Recruitment Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08107499 (England and Wales)

PANGEA RECRUITMENT LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M S Henderson

H Henderson

REGISTERED OFFICE:

63 Nesfield Street

Bradford

West Yorkshire

BD1 3ET

REGISTERED NUMBER:

08107499 (England and Wales)

ACCOUNTANTS:

BPR Heaton

Chartered Accountants

27a Lidget Hill

Pudsey

Leeds

West Yorkshire

LS28 7LG

FIXED ASSETS

Tangible assets

2

1,261

655

CURRENT ASSETS

Debtors

67

9,298

Cash at bank

17,476

52,433

17,543

61,731

CREDITORS

Amounts falling due within one year

5,160

15,519

NET CURRENT ASSETS

12,383

46,212

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,644

46,867

PROVISIONS FOR LIABILITIES

252

131

NET ASSETS

13,392

46,736

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

13,292

46,636

SHAREHOLDERS' FUNDS

13,392

46,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 August 2016 and were signed on its
behalf by:

M S Henderson - Director

H Henderson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

25% on cost

Deferred tax

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

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

1,091

Additions

1,341

Disposals

(580

)

At 30 June 2016

1,852

DEPRECIATION

At 1 July 2015

436

Charge for year

464

Eliminated on disposal

(309

)

At 30 June 2016

591

NET BOOK VALUE

At 30 June 2016

1,261

At 30 June 2015

655

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100