Arena Search & Selection Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04041116 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended

31 March 2016

for

Arena Search & Selection Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Tearle

SECRETARY:

H Jackson

REGISTERED OFFICE:

The Old Bakehouse

Course Road

Ascot

Berkshire

SL5 7HL

REGISTERED NUMBER:

04041116 (England and Wales)

ACCOUNTANTS:

Jacksons Accountants (Ascot) Limited

The Old Bakehouse

Course Road

Ascot

Berkshire

SL5 7HL

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

1,521

2,700

1,521

2,700

CURRENT ASSETS

Debtors

194,073

192,333

Cash at bank

18,346

37,017

212,419

229,350

CREDITORS

Amounts falling due within one year

91,427

55,674

NET CURRENT ASSETS

120,992

173,676

TOTAL ASSETS LESS CURRENT LIABILITIES

122,513

176,376

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

122,512

176,375

SHAREHOLDERS' FUNDS

122,513

176,376

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 director acknowledges his 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 director on 19 December 2016 and were signed by:

R Tearle - 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 net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been fully

amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

55,000

AMORTISATION

At 1 April 2015

and 31 March 2016

55,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

9,477

DEPRECIATION

At 1 April 2015

6,777

Charge for year

1,179

At 31 March 2016

7,956

NET BOOK VALUE

At 31 March 2016

1,521

At 31 March 2015

2,700

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

1

Ordinary

£1

1

1

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

31.3.16

31.3.15

£

£

R Tearle

Balance outstanding at start of year

177,504

68,248

Amounts advanced

98,318

177,504

Amounts repaid

(177,504

)

(68,248

)

Balance outstanding at end of year

98,318

177,504