HR-Expat Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06946629 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

HR-EXPAT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr H P T Gaudin

REGISTERED OFFICE:

4 Prince Albert Road

London

NW1 7SN

REGISTERED NUMBER:

06946629 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

FIXED ASSETS

Tangible assets

4

1,728

2,937

CURRENT ASSETS

Debtors

5

278,414

193,817

Cash at bank

374,035

471,146

652,449

664,963

CREDITORS

Amounts falling due within one year

6

426,029

469,436

NET CURRENT ASSETS

226,420

195,527

TOTAL ASSETS LESS CURRENT LIABILITIES

228,148

198,464

PROVISIONS FOR LIABILITIES

345

-

NET ASSETS

227,803

198,464

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

227,802

198,463

SHAREHOLDERS' FUNDS

227,803

198,464

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 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 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 director on 25 September 2017 and were signed by:

Mr H P T Gaudin - Director

1.	STATUTORY INFORMATION

HR-Expat 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

The company's main source of income is generated in France. Therefore the director of the company is of the

opinion that the UK financial statements should be prepared in Euros.

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.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Foreign currencies

Assets and liabilities in foreign currencies are translated into euros at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into euros at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

€

€

€

COST

At 1 January 2016

and 31 December 2016

3,007

800

3,807

DEPRECIATION

At 1 January 2016

276

594

870

Charge for year

1,003

206

1,209

At 31 December 2016

1,279

800

2,079

NET BOOK VALUE

At 31 December 2016

1,728

-

1,728

At 31 December 2015

2,731

206

2,937

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

€

€

Trade debtors

128,796

95,883

Other debtors

149,618

97,934

278,414

193,817

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

€

€

Trade creditors

7,105

1,928

Taxation and social security

32,461

32,235

Other creditors

386,463

435,273

426,029

469,436

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

€

€

1

Ordinary

£1

1

1

8.	PENSION COMMITMENTS

The company makes payments to a defined contribution scheme for employees. Amounts charged to the profit

and loss account were €23 for the year (2015:€136) There were no outstanding or prepaid contributions at the

balance sheet date.