Alpha Personnel Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02072499 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

ALPHA PERSONNEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Downer

R D Williams

P L Buckley FCA

REGISTERED OFFICE:

First Floor

Cross Keys House

Queen Street

Salisbury

Wiltshire

SP1 1EY

REGISTERED NUMBER:

02072499 (England and Wales)

ACCOUNTANTS:

Asbury Harlow Buckley Tax & Accounts Limited

Unit 4 Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

FIXED ASSETS

Tangible assets

4

3,315

4,419

CURRENT ASSETS

Debtors

5

374,157

380,782

Cash at bank and in hand

20,022

9,073

394,179

389,855

CREDITORS

Amounts falling due within one year

6

211,913

228,852

NET CURRENT ASSETS

182,266

161,003

TOTAL ASSETS LESS CURRENT LIABILITIES

185,581

165,422

CAPITAL AND RESERVES

Called up share capital

84

84

Retained earnings

185,497

165,338

SHAREHOLDERS' FUNDS

185,581

165,422

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 25 April 2018 and were signed on its behalf by:

P L Buckley FCA - Director

1.	STATUTORY INFORMATION

Alpha Personnel 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.

These financial statements for the year ended 30 September 2017 are the first financial

statements of Alpha Personnel Limited prepared in accordance with FRS 102, The Financial

Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to

FRS 102 was 1 October 2015. The reported financial position and financial performance for

the previous period are not affected by the transition to FRS 102.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at the point the service has been contractually performed.

Tangible fixed assets

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or

valuation, net of depreciation and any impairment losses.

The gain or loss arising of the disposal of an asset is determined as the difference between

the sale proceeds and the carrying value of the asset, and is credited or charged to profit or

loss.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible

assets to determine whether there is any indication that those assets have suffered and

impairment loss. If any such indication exists, the recoverable amount of the asset is

estimated in order to determine the extent of the impairment loss (if any). Where it is not

possible to estimate the recoverable amount if an individual asset, the company estimates

the recoverable amount of cash-generating unit to which the asset belongs.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current Tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from

net profit as reported in the profit and loss account because it excludes items of income or

expense that are taxable or deductible in other years and it further excludes items that are

never taxable or deductible. The company's liability for current tax is calculated using tax

rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax

assets are recognised to the extent that it is probable that they will be recovered against the

reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities

are not recognised if the timing differences arises from goodwill or from the initial

recognition of assets and liabilities in a transaction that affects neither the tax profit nor the

accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and

reduced to the extent that it is no longer probable that sufficient taxable profits will be

available to allow all or part of the asset to be recovered. Deferred tax is calculated at the

tax rates that are expected to apply in the period when the liability is settles or the asset is

realised. Deferred tax is charged or credited in the profit and loss account, except when it

relates to items charged or credited directly to equity, in which case the deferred tax is also

dealt with in equity. Deferred tax assets and liabilities are offset when the company has a

legally enforceable right to offset current tax assets and liabilities and deferred tax assets

and liabilities relate to taxes levied by the same tax authority.

Employee

The cost of short-term benefits are recognised as a liability and an expense, unless those

costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the

employee's services are received.

Termination benefits are recognised immediately as an expense when the company is

demonstrably committed to terminate the employment of an employee or to provide

termination benefits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits

held at call with banks, other short term liquid investments with original maturities of three

months or less and bank overdrafts. Bank overdrafts are shown within borrowings in

current liabilities.

Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments'

and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial

instruments.

Financial instruments are recognised in the company's balance sheet when the company

becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial

statements, when there is a legally enforceable right to set off the recognised amounts and

there is an intention to settle on a net basis or to realise the asset and settle the liability

simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially

measured at transaction price including transaction costs and are subsequently carried at

amortised cost using the effective interest method unless the arrangement constitutes a

financial transaction, where the transaction is measured at the present value of the future

receipts discounted at a market rate of interest. Financial assets classified as receivable

within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the

contractual arrangements entered into. An equity instrument is any contract that

evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group

companies and preference share that are classified as debt, are initially recognised at

transaction price unless the arrangement constitutes a financing transaction, where the

debt instrument is measured at the present value of the future payments discounted at a

market rate of interest. Financial liabilities classified as payable within one year are not

amortised.

Debt Instruments are subsequently carried at amortised cost, using the effective interest

rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the

ordinary course of business from suppliers. Amounts payable are classified as current

liabilities if payment is due within one year or less. If not, they are present as non-current

liabilities. Trade creditors are recognised initially at transaction price and subsequently

measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of

direct issue costs. Dividends payable on equity instruments are recognised as liabilities

once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2016 - 74 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2016

and 30 September 2017

3,252

8,924

12,176

DEPRECIATION

At 1 October 2016

2,383

5,374

7,757

Charge for year

216

888

1,104

At 30 September 2017

2,599

6,262

8,861

NET BOOK VALUE

At 30 September 2017

653

2,662

3,315

At 30 September 2016

869

3,550

4,419

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

146,232

144,857

Five Rivers Recruitment Ltd

227,925

235,925

374,157

380,782

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade creditors

-

1,296

Corporation tax

5,150

4,204

Social security and other taxes

12,034

10,770

Pension fund

9,762

4,410

Net wages

-

10,220

VAT

55,373

49,691

Holiday pay due

18,658

17,428

Factoring advances

75,285

92,247

Directors' current accounts

35,000

35,000

Accrued expenses

651

3,586

211,913

228,852

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Five Rivers Recruitment Limited.