Health Recruit Network Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08866395 (England and Wales)

HEALTH RECRUIT NETWORK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R P J Cresswell

J Rashley

REGISTERED OFFICE:

1 Abacus House

Newlands Road

Corsham

Wiltshire

SN13 0BH

REGISTERED NUMBER:

08866395 (England and Wales)

ACCOUNTANTS:

Clear Vision Accountancy Limited

1 Abacus House

Newlands Road

Corsham

Wiltshire

SN13 0BH

FIXED ASSETS

Tangible assets

4

12,129

10,782

CURRENT ASSETS

Debtors

5

337,368

286,899

Cash at bank

168,367

122,629

505,735

409,528

CREDITORS

Amounts falling due within one year

6

338,140

272,968

NET CURRENT ASSETS

167,595

136,560

TOTAL ASSETS LESS CURRENT LIABILITIES

179,724

147,342

PROVISIONS FOR LIABILITIES

2,426

2,156

NET ASSETS

177,298

145,186

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

177,198

145,086

SHAREHOLDERS' FUNDS

177,298

145,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 20 August 2018 and were signed on its behalf by:

R P J Cresswell - Director

1.	STATUTORY INFORMATION

Health Recruit Network 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 etc

-

25% 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.

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.

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.

Going concern

The director has assessed whether the company is a going concern and has considered all available information

about the future and is confident of the company's ability to continue as a going concern.

Turnover

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2017 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2017

16,813

Additions

6,457

At 31 January 2018

23,270

DEPRECIATION

At 1 February 2017

6,031

Charge for year

5,110

At 31 January 2018

11,141

NET BOOK VALUE

At 31 January 2018

12,129

At 31 January 2017

10,782

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/18

31/1/17

£

£

Trade debtors

273,221

205,962

Other debtors

64,147

80,937

337,368

286,899

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/18

31/1/17

£

£

Trade creditors

30,264

10,919

Taxation and social security

97,691

111,613

Other creditors

210,185

150,436

338,140

272,968

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year £24,332 has been advanced to the directors of the company.