EXECUTIVES_ONLINE_RECRUIT - Accounts

EXECUTIVES ONLINE RECRUITMENT LIMITED - Company Information

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Company Registration No. 06722368 (England and Wales)

EXECUTIVES ONLINE RECRUITMENT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

EXECUTIVES ONLINE RECRUITMENT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

EXECUTIVES ONLINE RECRUITMENT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

111,944

127,828

Tangible assets

5,312

10,465

117,256

138,293

Current assets

Debtors

483,788

573,901

Cash at bank and in hand

177,657

114,118

661,445

688,019

Creditors: amounts falling due within one year

(492,107)

(770,421)

Net current assets/(liabilities)

169,338

(82,402)

Total assets less current liabilities

286,594

55,891

Creditors: amounts falling due after more than one year

(242,726)

43,868

55,891

Capital and reserves

Called up share capital

100

Profit and loss account

43,768

55,791

Shareholders' funds

43,868

55,891

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 15 December 2016

L Burton

Director

Company Registration No. 06722368

EXECUTIVES ONLINE RECRUITMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 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 taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

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 of ten years.

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:

Plant and machinery

33.33% straight line

Fixtures, fittings & equipment

33% straight line

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.7

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

EXECUTIVES ONLINE RECRUITMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Fixed assets

Intangible

Tangible

Total

Cost

At 1 January 2015

158,839

28,316

187,155

Additions

6,255

At 31 December 2015

158,839

34,571

193,410

Depreciation

At 1 January 2015

31,011

17,851

48,862

Charge for the year

15,884

11,408

27,292

At 31 December 2015

46,895

29,259

76,154

Net book value

At 31 December 2015

111,944

5,312

117,256

At 31 December 2014

127,828

10,465

138,293

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £114,792 (2014 - £103,536).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Ultimate parent company

The ultimate parent company is Executives Online Recruitment Group Limited a company registered in England and Wales.