City Wharf Financial Recruitment Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05008182 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 JULY 2015 TO 31 DECEMBER 2016

FOR

CITY WHARF FINANCIAL RECRUITMENT

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M. Kaan

REGISTERED OFFICE:

Churchill House

120 Bunns Lane

London

NW7 2AS

REGISTERED NUMBER:

05008182 (England and Wales)

ACCOUNTANTS:

J.D. Bregman & Co Limited

Churchill House

120 Bunns Lane

Mill Hill

NW7 2AS

FIXED ASSETS

Tangible assets

2

1,210

1,861

CURRENT ASSETS

Debtors

148,607

144,106

Cash at bank

2,113

15,004

150,720

159,110

CREDITORS

Amounts falling due within one year

3

88,824

55,132

NET CURRENT ASSETS

61,896

103,978

TOTAL ASSETS LESS CURRENT LIABILITIES

63,106

105,839

PROVISIONS FOR LIABILITIES

242

-

NET ASSETS

62,864

105,839

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

62,764

105,739

SHAREHOLDERS' FUNDS

62,864

105,839

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 September 2017 and were signed by:

M. Kaan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 31 December 2016

13,788

DEPRECIATION

At 1 July 2015

11,927

Charge for period

651

At 31 December 2016

12,578

NET BOOK VALUE

At 31 December 2016

1,210

At 30 June 2015

1,861

3.

CREDITORS

Creditors include an amount of £ 60,000 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

30.6.15

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2016 and the

year ended 30 June 2015:

31.12.16

30.6.15

£

£

M. Kaan and P. Kaan

Balance outstanding at start of period

144,106

94,018

Amounts advanced

205,851

171,088

Amounts repaid

(203,150

)

(121,000

)

Balance outstanding at end of period

146,807

144,106

Interest of £4,299 has been charged at the official HM Revenue & Customs rate.

This balance was repaid after the balance sheet date.

During the year, the company paid dividends of £102,000 to the shareholders.