Prestons Recruitment Consultants Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05765709 (England and Wales)

Financial Statements for the Year Ended 30 April 2017

for

Prestons Recruitment Consultants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Anver Patel

A Mehta

REGISTERED OFFICE:

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

REGISTERED NUMBER:

05765709 (England and Wales)

ACCOUNTANTS:

Prestons

Chartered Accountants

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

CURRENT ASSETS

Debtors

4

86,426

96,196

Cash at bank and in hand

49,293

33,529

135,719

129,725

CREDITORS

Amounts falling due within one year

5

23,159

22,872

NET CURRENT ASSETS

112,560

106,853

TOTAL ASSETS LESS CURRENT LIABILITIES

112,560

106,853

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

112,460

106,753

SHAREHOLDERS' FUNDS

112,560

106,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 28 January 2018 and were signed on its behalf by:

A Mehta - Director

1.	STATUTORY INFORMATION

Prestons Recruitment Consultants 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 is measured as the fair value of the consideration received or receivable, net of discounts and

value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of

services. Turnover from the sale of goods is recognised when the significant risks and rewards of

ownership of the goods have transferred to the buyer. Turnover from the rendering of services is

recognised by reference to the stage of completion of the contract. The stage of completion of a contract

is measured by comparing the costs incurred for work performed to date to the total estimated contract

costs.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

15,406

5,116

Amounts owed by related undertakings

69,243

89,303

Other debtors

1,777

1,777

86,426

96,196

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

6,802

6,802

Taxation and social security

16,357

16,070

23,159

22,872