Company Registration No. 06829574 (England and Wales)
24/7 STAFFING SOLUTIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
24/7 STAFFING SOLUTIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
24/7 STAFFING SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
-
5,833
Tangible assets
2
2,323
1,967
2,323
7,800
Current assets
Debtors
347,730
250,979
Cash at bank and in hand
68,293
39,639
416,023
290,618
Creditors: amounts falling due within one year
3
(245,067)
(167,368)
Net current assets
170,956
123,250
Total assets less current liabilities
173,279
131,050
Capital and reserves
Called up share capital
4
1,100
1,100
Profit and loss account
172,179
129,950
Shareholders' funds
173,279
131,050
For the financial year ended 30 June 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 year 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 1 December 2016
R Hurst
Director
Company Registration No. 06829574
24/7 STAFFING SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.4
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
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 July 2015
12,500
3,696
16,196
Additions
-
1,707
1,707
At 30 June 2016
12,500
5,403
17,903
Depreciation
At 1 July 2015
6,667
1,729
8,396
Charge for the year
5,833
1,351
7,184
At 30 June 2016
12,500
3,080
15,580
Net book value
At 30 June 2016
-
2,323
2,323
At 30 June 2015
5,833
1,967
7,800
3
Creditors: amounts falling due within one year
Creditors totalling £56,222 (2015 - £40,144) are secured.
24/7 STAFFING SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
100 Ordinary "A" shares of £1 each
100
100
1,100
1,100
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