Open Select Recruitment Limited

Open Select Recruitment Limited

OPEN SELECT RECRUITMENT LIMITED - Company Information

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Company Registration No. 07532053 (England and Wales)
Open Select Recruitment Limited Unaudited accounts for the year ended 31 January 2017
Open Select Recruitment Limited Unaudited accounts Contents
Page
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Open Select Recruitment Limited Company Information for the year ended 31 January 2017
Director
Matthew Geppert
Company Number
07532053 (England and Wales)
Registered Office
Unit 6, Bassett Business Units Hurricane Way North Weald Essex CM16 6AA United Kingdom
Accountants
Geppert & Co PO Box 9938 Epping Essex CM16 9BF
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Open Select Recruitment Limited Accountants' report
Accountants' report to the director of Open Select Recruitment Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Open Select Recruitment Limited for the year ended 31 January 2017 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Open Select Recruitment Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Open Select Recruitment Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Open Select Recruitment Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Open Select Recruitment Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Open Select Recruitment Limited. You consider that Open Select Recruitment Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Open Select Recruitment Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Geppert & Co PO Box 9938 Epping Essex CM16 9BF 9 October 2017
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Open Select Recruitment Limited Statement of financial position as at 31 January 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
26,457 
22,383 
Current assets
Debtors
5
9,585 
8,620 
Cash at bank and in hand
25,192 
33,127 
34,777 
41,747 
Creditors: amounts falling due within one year
6
(26,092)
(13,852)
Net current assets
8,685 
27,895 
Net assets
35,142 
50,278 
Capital and reserves
Called up share capital
7
1 
1 
Profit and loss account
35,141 
50,277 
Shareholders' funds
35,142 
50,278 
For the year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 9 October 2017.
Matthew Geppert Director Company Registration No. 07532053
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Open Select Recruitment Limited Notes to the Accounts for the year ended 31 January 2017
1
Statutory information
Open Select Recruitment Limited is a private company, limited by shares, registered in England and Wales, registration number 07532053. The registered office and principal place of business is Unit 6, Bassett Business Units, Hurricane Way, North Weald, Essex, CM16 6AA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 January 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2016. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on reducing balance
Computer equipment
20% on reducing balance
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Open Select Recruitment Limited Notes to the Accounts for the year ended 31 January 2017
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2016
23,505 
19,807 
43,312 
Additions
10,688 
- 
10,688 
At 31 January 2017
34,193 
19,807 
54,000 
Depreciation
At 1 February 2016
11,568 
9,361 
20,929 
Charge for the year
4,525 
2,089 
6,614 
At 31 January 2017
16,093 
11,450 
27,543 
Net book value
At 31 January 2017
18,100 
8,357 
26,457 
At 31 January 2016
11,937 
10,446 
22,383 
5
Debtors
2017 
2016 
£ 
£ 
Trade debtors
9,585 
5,620 
Other debtors
- 
3,000 
9,585 
8,620 
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Taxes and social security
12,301 
8,852 
Other creditors
6,636 
- 
Accruals
7,155 
5,000 
26,092 
13,852 
7
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).
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