Company Registration No. 08359864 (England and Wales)
1 2 1 RECRUITMENT CONSULTANTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
1 2 1 RECRUITMENT CONSULTANTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
1 2 1 RECRUITMENT CONSULTANTS LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
10,418
8,792
Current assets
Debtors
354,094
193,585
Cash at bank and in hand
137,969
10,228
492,063
203,813
Creditors: amounts falling due within one year
(360,305)
(168,685)
Net current assets
131,758
35,128
Total assets less current liabilities
142,176
43,920
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
142,076
43,820
Shareholders' funds
142,176
43,920
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 and authorised for issue on 13 September 2017
Mr B Dadral
Director
Company Registration No. 08359864
1 2 1 RECRUITMENT CONSULTANTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
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 January 2015).
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 recruitment services net of VAT and trade discounts.recruitment 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
20% straight line basis
Fixtures, fittings & equipment
20% straight line basis
Motor vehicles
20% straight line basis
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
11,584
Additions
4,529
At 30 June 2016
16,113
Depreciation
At 1 July 2015
2,792
Charge for the year
2,903
At 30 June 2016
5,695
Net book value
At 30 June 2016
10,418
At 30 June 2015
8,792
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
1 2 1 RECRUITMENT CONSULTANTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
4
Control
The company is under the control of Mr B Dadral and Mrs S Dadral who own 100% of the issued share capital.
5
Related party relationships and transactions
Included within debtors as at the balance sheet date is an amount due from the directors, Mr B Dadral and Mrs S Dadral, amounting to £144,135 (2015: £55,366) which represents their joint directors current account. The maximum amount outstanding during the year was £168,605 (2015: £57,168) and interest of £4,030 (2015: £653) has been charged on the overdrawn balance.
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