PRO_RAIL_RECRUIT_LIMITED - Accounts

PRO RAIL SERVICES LIMITED - Company Information

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Company Registration No. 08036648 (England and Wales)

PRO RAIL RECRUIT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2014

PRO RAIL RECRUIT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PRO RAIL RECRUIT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2014

- 1 -

2014

Notes

Fixed assets

Tangible assets

1,519

Current assets

Debtors

17,027

Cash at bank and in hand

975

18,002

Creditors: amounts falling due within one year

(17,195)

Net current assets

807

Total assets less current liabilities

2,326

Capital and reserves

Called up share capital

Profit and loss account

2,324

Shareholders' funds

2,326

For the financial year ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has 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 28 October 2014

S Maloney

Director

Company Registration No. 08036648

PRO RAIL RECRUIT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

- 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 April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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:

Computer equipment

33% Straight Line Method

Fixed assets

Tangible assets

Cost

At 1 May 2013

Additions

2,278

At 30 April 2014

2,278

Depreciation

At 1 May 2013

Charge for the year

759

At 30 April 2014

759

Net book value

At 30 April 2014

1,519

Share capital

2014

Allotted, called up and fully paid

2 Ordinary Shares of £1 each

Related party relationships and transactions

PRO RAIL RECRUIT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2014

Related party relationships and transactions

(Continued)

- 3 -

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Director's Loan Account

4.00

96,208

83,459

12,791

96,208

83,459

12,791