RECRUIT_&_TRAIN_LIMITED - Accounts

RECRUIT & TRAIN LIMITED - Company Information

Print Friendly Version

Company Registration No. 09450519 (England and Wales)

RECRUIT & TRAIN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2016

LB GROUP

82 East Hill

Colchester

Essex

CO1 2QW

RECRUIT & TRAIN LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

RECRUIT & TRAIN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

Notes

Fixed assets

Intangible assets

45,000

Tangible assets

11,651

56,651

Current assets

Debtors

127,488

Cash at bank and in hand

23,765

151,253

Creditors: amounts falling due within one year

(113,569)

Net current assets

37,684

Total assets less current liabilities

94,335

Creditors: amounts falling due after more than one year

(83,893)

10,442

Capital and reserves

Called up share capital

100

Profit and loss account

10,342

Shareholders' funds

10,442

For the financial period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 October 2016

Mr B Mann

Director

Company Registration No. 09450519

RECRUIT & TRAIN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

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

1.2

Compliance with accounting standards

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).

1.3

Turnover

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

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

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:

Fixtures, fittings & equipment

25% Straight Line

1.6

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 20 February 2015

Additions

56,250

15,535

71,785

At 31 March 2016

56,250

15,535

71,785

Depreciation

At 20 February 2015

Charge for the period

11,250

3,884

15,134

At 31 March 2016

11,250

3,884

15,134

Net book value

At 31 March 2016

45,000

11,651

56,651

RECRUIT & TRAIN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2016

- 3 -

Creditors: amounts falling due after more than one year

2016

Total amounts repayable by instalments which are due in more than five years

6,131

Share capital

2016

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

During the period, the company issued 100 ordinary shares at par value of £1 each.