ACCOUNTS - Final Accounts preparation

SSA RECRUITMENT LIMITED - Company Information

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Registered number: 06937451

SSA RECRUITMENT LIMITED

UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

SSA RECRUITMENT LIMITED

REGISTERED NUMBER: 06937451

ABBREVIATED BALANCE SHEET

AS AT 31 JULY 2016

2016

2015

	Note	£	£	£	£
FIXED ASSETS
Tangible assets	2		1,329		3,088

CURRENT ASSETS
Debtors		421,796		520,350
Cash at bank		49,775		257

		471,571		520,607
CREDITORS: amounts falling due within one year	3	(167,006)		(209,629)
NET CURRENT ASSETS			304,565		310,978

TOTAL ASSETS LESS CURRENT LIABILITIES

305,894

314,066

CAPITAL AND RESERVES
Called up share capital	4	111	111
Share premium account		14,014	14,014
Profit and loss account		291,769	299,941

SHAREHOLDERS' FUNDS

305,894

314,066

The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 July 2016 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 25 April 2017.

J R Mitchell

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

SSA RECRUITMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	1.2	Turnover
		Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

	1.3	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 of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & fittings

25% straight line

	1.4	Operating leases
		Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

	1.5	Deferred taxation
		Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
		A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse. Deferred tax assets and liabilities are not discounted.

	1.6	Foreign currencies
		Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the Profit and loss account.

Page 2

SSA RECRUITMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

2.TANGIBLE FIXED ASSETS

		£
	Cost
	At 1 August 2015 and 31 July 2016	14,626

	Depreciation
	At 1 August 2015	11,538
	Charge for the year	1,759
	At 31 July 2016	13,297

	Net book value
	At 31 July 2016	1,329
	At 31 July 2015	3,088

3.CREDITORS:
Amounts falling due within one year

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4.SHARE CAPITAL

	2016	2015
	£	£
Allotted, called up and fully paid

100 Ordinary shares of £1 each	100	100
11 A Ordinary shares of £0.99 each	11	11

	111	111

Page 3

SSA RECRUITMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

5.RELATED PARTY TRANSACTIONS

At the balance sheet date the company owed £10,617 (2015: £nil) to M Skinner, a director of the company.

At the balance sheet date the company owed £58 (2015: £2,889) to J R Mitchell, a director of the company.

At the balance sheet date the company was owed £60,957 (2015: £234,067) by SSA Recruitment Ltd, a company under common control. during the year the company was charged £148,885 (2015: £nil) by SSA Recruitment Ltd.

At the balance sheet date the company was owed £178,704 (2015: £157,276) by Sommerman Skinner Human Resource Consultancy, a company with directors in common.

At the balance sheet date the company was owed £8,671 (2015: £nil) by Sommerman Skinner Associates Pty, a company under common control.

6.ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The ultimate parent undertaking is Citrus Valley Limited, a company incorporated in Cyprus.

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