Midlands Driver Recruitment Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05055213 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Midlands Driver Recruitment Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K C Homer

SECRETARY:

Mrs Z J Homer

REGISTERED OFFICE:

3 Warren Park Way

Enderby

Leicester

LE19 4SA

REGISTERED NUMBER:

05055213 (England and Wales)

ACCOUNTANTS:

Carter & Co

19 Warren Park Way

Enderby

Leicester

LE19 4SA

FIXED ASSETS

Tangible assets

4

250

18

CURRENT ASSETS

Debtors

5

135,662

175,646

Cash in hand

34

34

135,696

175,680

CREDITORS

Amounts falling due within one year

6

137,036

180,771

NET CURRENT LIABILITIES

(1,340

)

(5,091

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,090

)

(5,073

)

CAPITAL AND RESERVES

Called up share capital

7

800

800

Retained earnings

(1,890

)

(5,873

)

SHAREHOLDERS' FUNDS

(1,090

)

(5,073

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 24 September 2018 and were signed by:

K C Homer - Director

1.	STATUTORY INFORMATION

Midlands Driver Recruitment 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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

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 and 20% 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.

Going concern

The financial statements have been prepared on the going concern basis which assumes the company will continue to

trade. The assumption depends upon the ability of the directors' to maintain the necessary financial support.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2017

24,253

Additions

366

Disposals

(18,515

)

At 30 April 2018

6,104

DEPRECIATION

At 1 May 2017

24,235

Charge for year

122

Eliminated on disposal

(18,503

)

At 30 April 2018

5,854

NET BOOK VALUE

At 30 April 2018

250

At 30 April 2017

18

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

64,422

95,195

Other debtors

71,240

80,451

135,662

175,646

Other debtors consists of prepayments of £10,803 (2017 - £20,014), a loan to Homer Leisure Ltd of £55,937 (2017 -

£55,937) and a rent deposit of £4,500 (2017 - £4,500).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Bank loans and overdrafts

8,225

29,669

Trade creditors

23,453

35,924

Taxation and social security

14,770

10,656

Other creditors

90,588

104,522

137,036

180,771

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.18

30.4.17

value:

£

£

800

Ordinary

£1

800

800

8.	RELATED PARTY DISCLOSURES

MDR Training (UK) Limited

A company in which Mrs Z J Homer is a director and shareholder.

During the year the company received rents of £17,000 net of VAT from MDR Training (UK) Limited.

The company also recharged services amounting to £31,010 net of VAT to MDR Training (UK) Limited.

30.4.18

30.4.17

£

£

Amount due from related party at the balance sheet date

6,804

187

Homer Leisure Ltd

A company in which the directors are directors and shareholders.

30.4.18

30.4.17

£

£

Amount due from related party at the balance sheet date

55,937

55,937

9.	GOING CONCERN

As explained in the accounting policies, the accounts have been prepared on a going concern basis. The ability to trade

depends substantially on the continued support of the company's directors'. We have accepted management assurances

that the directors' will maintain the financial support outlined above.