Pro-Executive Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06734482 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2017

for

Pro-Executive Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B Sequerra

REGISTERED OFFICE:

CFC House

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

REGISTERED NUMBER:

06734482 (England and Wales)

ACCOUNTANTS:

Camplejohn Rowan

CFC House

Acorn Business Park

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

FIXED ASSETS

Tangible assets

4

1,447

1,930

CURRENT ASSETS

Debtors

5

23,666

16,432

Cash at bank

14,183

73,946

37,849

90,378

CREDITORS

Amounts falling due within one year

6

(38,527

)

(59,794

)

NET CURRENT (LIABILITIES)/ASSETS

(678

)

30,584

TOTAL ASSETS LESS CURRENT LIABILITIES

769

32,514

PROVISIONS FOR LIABILITIES

(275

)

(386

)

NET ASSETS

494

32,128

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

492

32,126

SHAREHOLDERS' FUNDS

494

32,128

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 17 November 2017 and were signed by:

B Sequerra - Director

1.	STATUTORY INFORMATION

Pro-Executive 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Turnover

Turnover represents net invoiced provision of services, excluding value added tax. Subscription invoices are

raised at the beginning of the subscription period, event invoices are raised prior to the event date & recruitment

invoices are raised once the candidate has been placed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 November 2016

and 31 October 2017

1,185

5,056

6,241

DEPRECIATION

At 1 November 2016

991

3,320

4,311

Charge for year

49

434

483

At 31 October 2017

1,040

3,754

4,794

NET BOOK VALUE

At 31 October 2017

145

1,302

1,447

At 31 October 2016

194

1,736

1,930

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

10,714

-

Other debtors

12,952

12,952

Prepayments

-

3,480

23,666

16,432

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

-

384

Tax

808

10,977

Social security and other taxes

(25

)

94

VAT

4,696

10,517

Other creditors

-

320

Directors' current accounts

33,048

37,502

38,527

59,794

7.	ULTIMATE CONTROLLING PARTY

The controlling party is B Sequerra.