Plus HR Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06029530 (England and Wales)

PLUS HR LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

3,434

8,250

3,434

8,250

CURRENT ASSETS

Debtors

121,745

158,340

Cash at bank

85,115

88,365

206,860

246,705

CREDITORS

Amounts falling due within one year

(156,183

)

(254,919

)

NET CURRENT ASSETS/(LIABILITIES)

50,677

(8,214

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

54,111

36

PROVISIONS FOR LIABILITIES

(687

)

-

NET ASSETS

53,424

36

CAPITAL AND RESERVES

Called up share capital

4

150

Profit and loss account

53,274

(114

)

SHAREHOLDERS' FUNDS

53,424

36

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 November 2016 and were signed on its behalf
by:

M P Bishop - 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 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. Turnover represents value of service net of

VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, was being amortised

evenly over its estimated useful life of five years and has now been fully amortised.

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% Reducing balance

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

366,506

AMORTISATION

At 1 April 2015

and 31 March 2016

366,506

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

29,473

Additions

1,013

Disposals

(18,549

)

At 31 March 2016

11,937

DEPRECIATION

At 1 April 2015

21,223

Charge for year

1,145

Eliminated on disposal

(13,865

)

At 31 March 2016

8,503

NET BOOK VALUE

At 31 March 2016

3,434

At 31 March 2015

8,250

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

3,800

Ordinary A

0.01316

50

3,800

Ordinary B

0.01316

50

3,800

Ordinary C

0.01316

50

150