Geo-Environmental Recruitment Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 08324979 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

GEO-ENVIRONMENTAL RECRUITMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R D Cox

R Alcock

REGISTERED OFFICE:

Woodbine Farm Business Centre

Truro Business Park

TRURO

Cornwall

TR3 6BW

REGISTERED NUMBER:

08324979 (England and Wales)

ACCOUNTANTS:

Lang Bennetts Chartered Accountants

The Old Carriage Works

Moresk Road

TRURO

Cornwall

TR1 1DG

FIXED ASSETS

Tangible assets

5

1,071

1,292

CURRENT ASSETS

Debtors

6

277,008

90,418

Cash at bank

159,967

33,101

436,975

123,519

CREDITORS

Amounts falling due within one year

7

372,416

107,278

NET CURRENT ASSETS

64,559

16,241

TOTAL ASSETS LESS CURRENT LIABILITIES

65,630

17,533

PROVISIONS FOR LIABILITIES

472

258

NET ASSETS

65,158

17,275

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

65,058

17,175

SHAREHOLDERS' FUNDS

65,158

17,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 10 May 2017 and were signed on its behalf by:

R Alcock - Director

1.	STATUTORY INFORMATION

Geo-Environmental Recruitment Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Plant and machinery etc

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2016

540

2,691

3,231

Additions

135

396

531

At 31 December 2016

675

3,087

3,762

DEPRECIATION

At 1 January 2016

324

1,615

1,939

Charge for year

135

617

752

At 31 December 2016

459

2,232

2,691

NET BOOK VALUE

At 31 December 2016

216

855

1,071

At 31 December 2015

216

1,076

1,292

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

144,048

88,220

Amounts recoverable on contracts

107,839

-

Other debtors

1,569

-

VAT

21,305

-

Prepayments

2,247

2,198

277,008

90,418

The other debtor of £1,569 relates to monies owed by R&D Global Associates Limited, of which Mr R D Cox

and Mr R Alcock are also directors and shareholders.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

215,878

36,196

Tax

24,579

8,925

Social security and other taxes

48

15

VAT

-

2,768

Other creditors

-

17,027

Directors' current accounts

77,577

41,677

Accrued expenses

54,334

670

372,416

107,278

8.

CONTROL

The company was controlled throughout the current and previous period by it's directors, Mr R D Cox and Mr R

Alcock, who between them own 100% of the issued share capital of the company.