FCR Recruitment Limited - Accounts to registrar (filleted) - small 17.3
FCR Recruitment Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 May 2017 |
| for |
| FCR Recruitment Limited |
| FCR Recruitment Limited (Registered number: 05378104) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2017 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| FCR Recruitment Limited |
| Company Information |
| for the Year Ended 31 May 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants and Business Advisers |
| Swan House |
| Westpoint Road |
| Teesdale Business Park |
| Stockton on Tees |
| TS17 6BP |
| FCR Recruitment Limited (Registered number: 05378104) |
| Abridged Balance Sheet |
| 31 May 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 3 |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Allotted, called up and fully paid share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| FCR Recruitment Limited (Registered number: 05378104) |
| Abridged Balance Sheet - continued |
| 31 May 2017 |
| 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 |
| FCR Recruitment Limited (Registered number: 05378104) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2017 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| FCR Recruitment Limited is a private company, limited by shares, registered in England and Wales. The company's |
| registered number and registered office address is given in the company information on page 1 of these financial |
| statements. The company operates from offices in Middlesbrough, England and Sunderland, England. |
| The 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 financial statements are |
| prepared in sterling which is the functional currency of the company and rounded to the nearest £. |
| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies |
| have been consistently applied to all years presented unless otherwise stated. |
| Turnover |
| The company's turnover represents the value of goods and services supplied to customers during the year, exclusive of |
| value added tax. |
| Goodwill |
| Amortisation is calculated so as to write off an asset, less its estimated residual value, over the useful economic life of that |
| asset on a straight line basis over 20 years from date of acquisition. |
| 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 |
| Plant and machinery etc | - |
| Deferred taxation |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
| date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay |
| less or to receive more tax, with the following exceptions: |
| Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains |
| on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet |
| date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis |
| of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into |
| replacement assets and charged to tax only where the replacement assets are sold. |
| Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there |
| will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. |
| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which |
| timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. |
| Debt factoring |
| Sales invoices are subject to a debt factoring agreement. Invoices are included in trade debtors until the related monies are |
| received from the customer by the factoring company. The amount due to the factoring company is included in other |
| creditors. |
| 2. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| FCR Recruitment Limited (Registered number: 05378104) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2017 |
| 3. | INTANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 June 2016 |
| and 31 May 2017 |
| AMORTISATION |
| At 1 June 2016 |
| Amortisation for year |
| At 31 May 2017 |
| NET BOOK VALUE |
| At 31 May 2017 |
| At 31 May 2016 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 June 2016 |
| and 31 May 2017 |
| DEPRECIATION |
| At 1 June 2016 |
| Charge for year |
| At 31 May 2017 |
| NET BOOK VALUE |
| At 31 May 2017 |
| At 31 May 2016 |
| 5. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Debt factoring agreement | 277,725 | 292,102 |
| The above creditors are secured by way of a fixed and floating charge over the assets of the company. |
| 6. | OTHER FINANCIAL COMMITMENTS |
| Total financial commitments which are not included in the balance sheet amount to £4,394 (2016 - £17,500) relating to |
| amounts payable under operating leases. |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the year the company advanced £6,305 to a director. At 31 May 2017 £3,846 (2016 - £1,605) was owed to the |
| company, repayable on demand, in relation to these advances. No interest has been charged on the loan. |