Complete Background Screening Ltd - Period Ending 2016-05-31

Registration number: 05435348

Complete Background Screening Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

HSJ
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

Complete Background Screening Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Complete Background Screening Ltd
(Registration number: 05435348)
Abbreviated Balance Sheet at 31 May 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			285,067			187,288
Investments		2			20,000			20,000
					305,067			207,288
Current assets
Debtors					404,435			459,170
Cash at bank and in hand					389,221			112,968
					793,656			572,138
Creditors: Amounts falling due within one year					(803,959)			(433,806)
Net current (liabilities)/assets					(10,303)			138,332
Total assets less current liabilities					294,764			345,620
Creditors: Amounts falling due after more than one year					(17,610)			(37,724)
Provisions for liabilities					(8,098)			(4,022)
Net assets					269,056			303,874
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					268,956			303,774
Shareholders' funds					269,056			303,874

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 .

Approved by the Board on 28 October 2016 and signed on its behalf by:

.........................................
Mrs R Bedgood
Director

The notes on pages 2 to 4 form an integral part of these financial statements.

Page 1

Complete Background Screening Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. All disbursements have been included in the turnover of the company. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Government grants

Grants are credited to deferred revenue as they are received. Grants towards revenue expenditure are released to the profit and loss account over the period of the grant.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Land and buildings	4% striaght line
Plant and machinery	20% straight line
Fixtures and fittings	20% straight line

Fixed asset investments

Investments held as fixed assets are stated at cost, together with subsequent capital contributions, less any provisions for impairment in value. Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the fixed asset investment.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 2

Complete Background Screening Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 June 2015		286,971			20,000			306,971
Additions		124,887			-			124,887
Disposals		(53,787)			-			(53,787)
At 31 May 2016		358,071			20,000			378,071
Depreciation
At 1 June 2015		99,683			-			99,683
Charge for the year		27,108			-			27,108
Eliminated on disposals		(53,787)			-			(53,787)
At 31 May 2016		73,004			-			73,004
Net book value
At 31 May 2016		285,067			20,000			305,067
At 31 May 2015		187,288			20,000			207,288

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		4,170			5,320
Amounts falling due after more than one year		8,660			28,174
Total secured creditors		12,830			33,494

Page 3

Complete Background Screening Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

5	Related party transactions

Director's advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mrs R Bedgood
Amounts advanced and repaid	141,342	359,010	288,331	314,000

These transactions have been aggregated by kind. The director considers that this treatment does not impair a true and fair view of the financial statements.

6

Control

The company is controlled by no one ultimate controlling party. Day to day operating decisions are made by the director, Ms Rachel Bedgood.

Page 4