JBD RECRUITMENT LIMITED Company Accounts

JBD RECRUITMENT LIMITED - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2016-04-01 Sage Accounts Production Advanced 2017 - FRS 218,306 138,943 xbrli:pure xbrli:shares iso4217:GBP 09014355 2016-04-01 2017-03-31 09014355 2017-03-31 09014355 2016-03-31 09014355 2015-04-01 2016-03-31 09014355 2016-03-31 09014355 bus:LeadAgentIfApplicable 2016-04-01 2017-03-31 09014355 bus:Director1 2016-04-01 2017-03-31 09014355 bus:CompanySecretary1 2016-04-01 2017-03-31 09014355 core:FurnitureFittings 2016-03-31 09014355 core:MotorVehicles 2016-03-31 09014355 core:FurnitureFittings 2017-03-31 09014355 core:MotorVehicles 2017-03-31 09014355 core:FurnitureFittings 2016-04-01 2017-03-31 09014355 core:WithinOneYear 2016-03-31 09014355 core:WithinOneYear 2017-03-31 09014355 core:RetainedEarningsAccumulatedLosses 2016-04-01 2017-03-31 09014355 core:RetainedEarningsAccumulatedLosses 2015-04-01 2016-03-31 09014355 core:RetainedEarningsAccumulatedLosses 2016-03-31 09014355 core:RetainedEarningsAccumulatedLosses 2015-03-31 09014355 core:RetainedEarningsAccumulatedLosses 2017-03-31 09014355 core:RetainedEarningsAccumulatedLosses 2016-03-31 09014355 core:ShareCapital 2017-03-31 09014355 core:ShareCapital 2016-03-31 09014355 core:MotorVehicles 2016-04-01 2017-03-31 09014355 core:FurnitureFittings 2016-03-31 09014355 core:MotorVehicles 2016-03-31 09014355 bus:FRS102 2016-04-01 2017-03-31 09014355 bus:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 09014355 bus:FullAccounts 2016-04-01 2017-03-31 09014355 bus:SmallCompaniesRegimeForAccounts 2016-04-01 2017-03-31 09014355 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31

COMPANY REGISTRATION NUMBER: 09014355

JBD RECRUITMENT LIMITED

Unaudited Financial Statements

31 March 2017

BEECHLANDS ACCOUNTANCY SERVICES

Accountants

Berkeley Coach House

Woods Hill

Limpley Stoke

BATH

WILTS

BA2 7FS

JBD RECRUITMENT LIMITED

Financial Statements

Year ended 31 March 2017

Contents	Page

Director's report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	4

JBD RECRUITMENT LIMITED

Director's Report

Year ended 31 March 2017

The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2017 .

Director

The director who served the company during the year was as follows:

N S Soar

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 31 August 2017 and signed on behalf of the board by:

N S Soar	N Soar
Director	Company Secretary

Registered office:

JBD RECRUITMENT LIMITED

Statement of Income and Retained Earnings

Year ended 31 March 2017

	2017	2016
Note	£	£
Turnover	2,048,695	1,583,206

Cost of sales	1,331,221	1,249,272
	------------	------------
Gross profit	717,474	333,934

Distribution costs	37,178	10,271
Administrative expenses	393,284	146,760
	---------	---------
Operating profit	287,012	176,903

Interest payable and similar expenses		–	1,960
		---------	---------
Profit before taxation	5	287,012	174,943

Tax on profit	68,706	36,000
	---------	---------
Profit for the financial year and total comprehensive income	218,306	138,943
	---------	---------

Dividends paid and payable	( 43,500)	( 30,000)

Retained earnings at the start of the year	172,637	63,694
	---------	---------
Retained earnings at the end of the year	347,443	172,637
	---------	---------

All the activities of the company are from continuing operations.

JBD RECRUITMENT LIMITED

Statement of Financial Position

31 March 2017

	2017		2016
Note	£	£	£

Fixed assets

Tangible assets	6		28,846	23,269

Current assets

Debtors	7	301,903	263,555
Cash at bank and in hand		387,651	189,229
		---------	---------
		689,554	452,784

Creditors: amounts falling due within one year	8	370,857		303,316
		---------		---------
Net current assets			318,697	149,468
			---------	---------
Total assets less current liabilities			347,543	172,737
			---------	---------
Net assets			347,543	172,737
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	347,443	172,637
	---------	---------
Members funds	347,543	172,737
	---------	---------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 31 August 2017 , and are signed on behalf of the board by:

N S Soar
Director

Company registration number: 09014355

JBD RECRUITMENT LIMITED

Notes to the Financial Statements

Year ended 31 March 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is .

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 11.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

4. Staff costs

The average number of persons employed by the company during the year, including the director, amounted to 8 (2016: 7).

5. Profit before taxation

Profit before taxation is stated after charging:

	2017	2016
	£	£
Depreciation of tangible assets	7,586	2,320
	-------	-------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2016	17,951	7,966	25,917
Additions	13,163	–	13,163
	--------	-------	--------
At 31 March 2017	31,114	7,966	39,080
	--------	-------	--------
Depreciation
At 1 April 2016	657	1,991	2,648
Charge for the year	6,092	1,494	7,586
	--------	-------	--------
At 31 March 2017	6,749	3,485	10,234
	--------	-------	--------
Carrying amount
At 31 March 2017	24,365	4,481	28,846
	--------	-------	--------
At 31 March 2016	17,294	5,975	23,269
	--------	-------	--------

7. Debtors

	2017	2016
	£	£
Trade debtors	301,903	263,555
	---------	---------

8. Creditors: amounts falling due within one year

	2017	2016
	£	£
Bank loans and overdrafts	–	1,576
Corporation tax	57,744	35,922
Social security and other taxes	117,033	117,389
Other creditors	196,080	148,429
	---------	---------
	370,857	303,316
	---------	---------

9. Director's advances, credits and guarantees

10. Related party transactions

The company was under the control of Mr Soar throughout the current year. Mr Soar is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.

11. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.

No transitional adjustments were required in equity or profit or loss for the year.