Arena Search & Selection Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04041116 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 March 2017

for

Arena Search & Selection Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

R Tearle

SECRETARY:

H Jackson

REGISTERED OFFICE:

The Old Bakehouse

Course Road

Ascot

Berkshire

SL5 7HL

REGISTERED NUMBER:

04041116 (England and Wales)

ACCOUNTANTS:

Jacksons Accountants (Ascot) Limited

The Old Bakehouse

Course Road

Ascot

Berkshire

SL5 7HL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

503

1,521

503

1,521

CURRENT ASSETS

Debtors

6

211,901

194,073

Cash at bank

7,445

18,346

219,346

212,419

CREDITORS

Amounts falling due within one year

7

50,992

91,427

NET CURRENT ASSETS

168,354

120,992

TOTAL ASSETS LESS CURRENT LIABILITIES

168,857

122,513

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

168,856

122,512

SHAREHOLDERS' FUNDS

168,857

122,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 5 December 2017 and were signed by:

R Tearle - Director

1.	STATUTORY INFORMATION

Arena Search & Selection 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been fully

amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

20% 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.

Transition to frs 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. There were no adjustments from

the transition to FRS 102 that affected the reported financial position or the financial performance.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

55,000

AMORTISATION

At 1 April 2016

and 31 March 2017

55,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

5,795

3,682

9,477

DEPRECIATION

At 1 April 2016

4,272

3,684

7,956

Charge for year

1,020

(2

)

1,018

At 31 March 2017

5,292

3,682

8,974

NET BOOK VALUE

At 31 March 2017

503

-

503

At 31 March 2016

1,523

(2

)

1,521

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

21,384

74,784

Other debtors

15,628

18,175

Director's current account

174,889

98,318

Prepayments and accrued income

-

2,796

211,901

194,073

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

-

6,073

Corporation tax

34,476

69,434

Value added tax

14,431

13,872

Other creditors

510

613

Accrued expenses

1,575

1,435

50,992

91,427

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

31.3.17

31.3.16

£

£

R Tearle

Balance outstanding at start of year

98,318

177,504

Amounts advanced

174,889

98,318

Amounts repaid

(98,318

)

(177,504

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

174,889

98,318