Red Snapper Learning Ltd - Accounts to registrar - small 16.3

REGISTERED NUMBER: 05943738 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th September 2016

for

Red Snapper Learning Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M Jerrold

H J Jerrold

SECRETARY:

H J Jerrold

REGISTERED OFFICE:

3rd Floor Octavia House

50 Banner Street

London

EC1Y 8ST

REGISTERED NUMBER:

05943738 (England and Wales)

ACCOUNTANTS:

Sigma Partners

Gloucester House

Church Walk

Burgess Hill

West Sussex

RH15 9AS

FIXED ASSETS

Intangible assets

4

2,255

3,222

Tangible assets

5

6,265

8,358

8,520

11,580

CURRENT ASSETS

Debtors

6

403,450

203,392

Cash at bank

49,542

2,215

452,992

205,607

CREDITORS

Amounts falling due within one year

7

396,497

207,829

NET CURRENT ASSETS/(LIABILITIES)

56,495

(2,222

)

TOTAL ASSETS LESS CURRENT LIABILITIES

65,015

9,358

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

64,015

8,358

SHAREHOLDERS' FUNDS

65,015

9,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 16th March 2017 and were signed on its behalf by:

H J Jerrold - Director

1.	STATUTORY INFORMATION

Red Snapper Learning Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

the statement of financial position date.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st October 2015

and 30th September 2016

4,837

AMORTISATION

At 1st October 2015

1,615

Charge for year

967

At 30th September 2016

2,582

NET BOOK VALUE

At 30th September 2016

2,255

At 30th September 2015

3,222

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st October 2015

and 30th September 2016

9,565

13,069

22,634

DEPRECIATION

At 1st October 2015

3,326

10,950

14,276

Charge for year

1,560

533

2,093

At 30th September 2016

4,886

11,483

16,369

NET BOOK VALUE

At 30th September 2016

4,679

1,586

6,265

At 30th September 2015

6,239

2,119

8,358

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

305,401

104,706

Other debtors

98,049

98,686

403,450

203,392

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

-

14,442

Trade creditors

238,358

171,417

Taxation and social security

83,071

(5,782

)

Other creditors

75,068

27,752

396,497

207,829

8.	RELATED PARTY DISCLOSURES

Overheads amounting to £55,487 were charged by Red Snapper Recruitment Ltd, a company under

common control. Such charges were on an arms length basis and at the balance sheet date an amount

of £185,061 was included within trade creditors.

The company also owed an interest free working capital loan to Red Snapper Recruitment Ltd which

at the balance sheet date stood at £60,000.

The company also made sales to Red Snapper Recruitment during the year amounting to £17,400.

These sales were made on an arm's length basis and at the balance sheet date an amount of £9,603 was

included within trade debtors.

Purchases and re-charges of £6,000 were charged by Red Snapper Media Ltd, a company under

common control. These were charged on an arm's length basis and at the balance sheet date an amount

of £43,321 was included within trade creditors.

An amount of £90,905 was owed by Red Snapper Training Ltd , a company under common control, as

at the balance sheet date.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M Jerrold.