Black Swan Associates Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07228602 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Black Swan Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R Aldridge

H Anderson

S Ferguson

B Hudson

REGISTERED OFFICE:

Birchin Court

20 Birchin Lane

London

EC3V 9DU

REGISTERED NUMBER:

07228602 (England and Wales)

ACCOUNTANTS:

Blue Cube Business Ltd

10 Cheyne Walk

Northampton

Northamptonshire

NN1 5PT

FIXED ASSETS

Tangible assets

2

11,578

-

CURRENT ASSETS

Debtors

3

1,018,527

661,881

Cash at bank

508,792

341,820

1,527,319

1,003,701

CREDITORS

Amounts falling due within one year

611,112

428,252

NET CURRENT ASSETS

916,207

575,449

TOTAL ASSETS LESS CURRENT LIABILITIES

927,785

575,449

PROVISIONS FOR LIABILITIES

2,663

-

NET ASSETS

925,122

575,449

CAPITAL AND RESERVES

Called up share capital

4

100

100

Capital redemption reserve

25

-

Profit and loss account

924,997

575,349

SHAREHOLDERS' FUNDS

925,122

575,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 17 October 2014 and were signed on its behalf by:

R Aldridge - Director

B Hudson - 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 April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Deferred tax

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

at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

15,438

At 31 March 2014

15,438

DEPRECIATION

Charge for year

3,860

At 31 March 2014

3,860

NET BOOK VALUE

At 31 March 2014

11,578

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 56,674

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

200

Ordinary

£1

100

100

During the year, the company carried out a sub division of issued share capital from 100 ordinary

shares of £1 each to 200 ordinary shares of £0.50 each.

5.	ULTIMATE CONTROLLING PARTY

Following the sub division of share capital during the year and the new group structure, Black Swan

Recruitment Ltd, a company registered in England and Wales, now owns 87.5% of the share capital

of Black Swan Associates Ltd.

The directors of Black Swan Recruitment Ltd control the company by virtue of their shareholding in

Black Swan Recruitment Ltd.