CIGNA_RECRUITMENT_LIMITED - Accounts

CIGNA RECRUITMENT LIMITED - Company Information

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Company Registration No. 06936975 (England and Wales)

CIGNA RECRUITMENT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

CIGNA RECRUITMENT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CIGNA RECRUITMENT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

11,408

14,966

Current assets

Debtors

501,341

342,416

Cash at bank and in hand

670,580

645,299

1,171,921

987,715

Creditors: amounts falling due within one year

(256,034)

(290,361)

Net current assets

915,887

697,354

Total assets less current liabilities

927,295

712,320

Capital and reserves

Called up share capital

100

Profit and loss account

927,195

712,220

Shareholders' funds

927,295

712,320

For the financial year 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 year in question in accordance with section 476;

The director acknowledges her 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 12 December 2016

B E Herman

Director

Company Registration No. 06936975

CIGNA RECRUITMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR 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).

The company has sufficient financial resources and the director believes it is well placed to manage its business risks successfully. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

1.2

Turnover

Turnover represents amounts receivable for services net of VAT. Income is recognised when sales invoices are raised.

1.3

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:

Plant and machinery

Fixed assets

Tangible assets

Cost

At 1 April 2015

36,920

Additions

512

At 31 March 2016

37,432

Depreciation

At 1 April 2015

21,954

Charge for the year

4,070

At 31 March 2016

26,024

Net book value

At 31 March 2016

11,408

At 31 March 2015

14,966

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

CIGNA RECRUITMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Transactions with director

In March 2016 the company provided B E Herman, a director and shareholder, a loan of £155,625. The loan is unsecured, repayable upon demand and carries an interest charge of 3% per annum.