Allied Recruitment Servies Ltd - Accounts

Registered number

05528353

Allied Recruitment Servies Ltd

Report and Accounts

31 August 2014

Allied Recruitment Servies Ltd
Registered number:				05528353
Directors' Report
The directors present their report and accounts for the year ended 31 August 2014.
Principal activities
The company's principal activity during the year continued to be labour recruitment
Review of the business
Future developments
Research and development
Financial instrument risk
Dividends
[The directors recommend a final dividend of £? (?p per share)]
Events since the balance sheet date
Directors
The following persons served as directors during the year:
	M Mitchell
	[Director 2]
	[Director 3]
	[Director 4]
	[Director 5]
	[Director 6]
	[Director 7]
	[Director 8]
	[Director 9]
Political and charitable donations
Directors' responsibilities

The Directors acknowledge responsibilities for preparing the report and accounts in accordance with The Companies Act 2006.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
●	select suitable accounting policies and then apply them consistently;
●	make judgements and estimates that are reasonable and prudent;
●	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts;
●	prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each person who was a director at the time this report was approved confirms that:
●	so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
●	he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Third party indemnity provisions
Acquisition of own shares
[Reason for purchase]. The details of the shares purchased are as follows:
Class of share				Ordinary shares
Amount paid				£0
Nominal value of shares				£0
Number of shares				0
Percentage of class purchased				0.0%
Employment of disabled persons
This report was approved by the board on 26 December 2014 and signed on its behalf.
M Mitchell
0
Director

Allied Recruitment Servies Ltd

Independent auditors' report

to the shareholders of Allied Recruitment Servies Ltd

We have audited the accounts of Allied Recruitment Servies Ltd for the year ended 31 August 2014 which comprise the Profit and Loss Account, the Balance Sheet, the Cash Flow Statement and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of directors and auditors

As explained more fully in the Statement of Directors' Responsibilities, the directors are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the accounts in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

Scope of the audit of the accounts

A description of the scope of an audit of financial statements is provided on the APB’s website at www.frc.org.uk/apb/scope/private.cfm

Opinion on the accounts

In our opinion the accounts:
●	give a true and fair view of the state of the company's affairs as at 31 August 2014 and of its profit for the year then ended;
●	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
●	have been prepared in accordance with the requirements of the Companies Act 2006.

Opinion on other matters prescribed by the Companies Act 2006
In our opinion the information given in the Directors' Report for the financial year for which the accounts are prepared is consistent with the accounts.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
●	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
●	the accounts are not in agreement with the accounting records and returns; or
●	certain disclosures of directors’ remuneration specified by law are not made; or
●	we have not received all the information and explanations we require for our audit.
0
(Senior Statutory Auditor)		84 High Street
for and on behalf of
Moxie Financial Services		Southall
Accountants and Statutory Auditors		Middlesex
26 December 2014		UB1 3DB

Allied Recruitment Servies Ltd
Profit and Loss Account
for the year ended 31 August 2014
Notes						2014		2013
£							£
Turnover				2		11,605,301		9,013,390
Cost of sales						(10,097,473)		(7,527,654)
Gross profit						1,507,828		1,485,736
Distribution costs						-		-
Administrative expenses						(1,205,138)		(1,502,349)
Other operating income						-		-
Operating profit/(loss)				3		302,690		(16,613)
Exceptional items:
profit on the disposal of tangible fixed assets				4		-		-
profit on the disposal of investments				4		-		-
						-		-
						302,690		(16,613)
Income from investments						-		-
Interest receivable						-		-
Interest payable				7		-		-
Profit/(loss) on ordinary activities before taxation						302,690		(16,613)
Tax on profit/(loss) on ordinary activities				8		(57,215)		-
Profit/(loss) for the financial year						245,475		(16,613)
Continuing operations
None of the company's activities were acquired or discontinued during the above two financial years.
Statement of total recognised gains and losses
The company has no recognised gains or losses other than the profit/(loss) for the above two financial years.

Allied Recruitment Servies Ltd
Balance Sheet
as at 31 August 2014
Notes				2014			2013
£					£
Fixed assets
Intangible assets	9			80,000			80,000
Tangible assets	10			46,568			-
Investments	11			-			-
				126,568			80,000
Current assets
Stocks	12		-			-
Debtors	13		2,281,723			5,610,992
Investments held as current assets	14		-			-
Cash at bank and in hand			747,893			690,577
			3,029,616			6,301,569
Creditors: amounts falling due within one year	15		(2,644,977)			(5,968,009)
Net current assets				384,639			333,560
Total assets less current liabilities				511,207			413,560
Creditors: amounts falling due after more than one year	16			-			-
Provisions for liabilities
Deferred taxation	19			-			-
Other provisions	20			-			-
				-			-
Net assets				511,207			413,560
Capital and reserves
Called up share capital	21			2			2
Share premium	22			-			-
Revaluation reserve	23			-			-
Capital redemption reserve	24			-			-
Profit and loss account	25			511,205			413,558
Shareholders' funds	27			511,207			413,560
M Mitchell
Director
Approved by the board on 26 December 2014

Allied Recruitment Servies Ltd
Cash Flow Statement
for the year ended 31 August 2014
Notes			2014		2013
£				£
Reconciliation of operating profit to net cash
inflow from operating activities
Operating profit			302,690		-
Depreciation and amortisation			10,222		-
Decrease in stocks			-		-
Decrease in debtors			3,329,269		-
Decrease in creditors			(3,323,032)		-
Net cash inflow from operating activities			319,149		-
CASH FLOW STATEMENT
Net cash inflow from operating activities			319,149		-
Returns on investments and servicing of finance	28		-		-
Taxation			(57,215)		-
Capital expenditure	28		(56,790)		-
			205,144		-
Equity dividends paid			(147,828)		-
			57,316		-
Management of liquid resources	28		-		-
Financing	28		-		-
Increase in cash			57,316		-
Reconciliation of net cash flow to movement in net debt
Increase in cash in the period			57,316		-
Decrease in debt and lease financing			-		-
New finance leases			-		-
Redemption of finance leases			-		-
Increase in liquid resources			-		-
Change in net debt	29		57,316		-
Net funds at 1 September			690,577		690,577
Net funds at 31 August			747,893		690,577

Allied Recruitment Servies Ltd
Notes to the Accounts
for the year ended 31 August 2014
1	Accounting policies
	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with applicable United Kingdom Accounting Standards.
	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
	Depreciation
	Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Stocks
	Stock is valued at the lower of cost and net realisable value.
	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred tax is calculated at the tax rates which are expected to apply in the periods when the timing differences will reverse, and discounted to reflect the time value of money using rates based on the post-tax yields to maturity that could be obtained at the balance sheet date on government bonds with similar maturity dates.
	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2	Analysis of turnover					2014		2013
£							£
	By activity:
	Activity 1					11,605,301		9,013,390
	Activity 2					-		-
	Activity 3					-		-
	Activity 4					-		-
						11,605,301		9,013,390
	By geographical market:
	UK					11,605,301		9,013,390
	Europe					-		-
	North America					-		-
	Rest of world					-		-
						11,605,301		9,013,390
3	Operating profit					2014		2013
£							£
	This is stated after charging:
	Depreciation of owned fixed assets					10,222		-
	Depreciation of assets held under finance leases and hire purchase contracts					-		-
	Amortisation of goodwill					-		-
	Operating lease rentals - plant and machinery					-		-
	Operating lease rentals - land buildings					-		-
	Auditors' remuneration for audit services					-		-
	Auditors' remuneration for other services					-		-
	Exceptional costs associated with introducing the Euro					-		-
4	Exceptional items					2014		2013
£							£
	Profit on disposal of land and buildings					-		-
	Profit on disposal of plant and machinery					-		-
						-		-
	Profit on disposal of investments					-		-
						-		-
	Taxation credit					-		-
5	Directors' emoluments					2014		2013
£							£
	Emoluments					75,000		75,000
	Gains made under long term incentive schemes					-		-
	Company contributions to money purchase pension schemes					-		-
	Pensions to former directors					-		-
						75,000		75,000
	Highest paid director:
	Emoluments					-		-
	Company contributions to money purchase pension schemes					-		-
						-		-
	Highest paid director:
	Accrued retirement benefits from defined benefit pension schemes					-		-
	Number of directors in company pension schemes:					2014		2013
Number							Number
	Money purchase schemes					-		-
	Defined benefit schemes					-		-
6	Staff costs					2014		2013
£							£
	Wages and salaries					407,214		645,878
	Social security costs					-		-
	Other pension costs					-		-
						407,214		645,878
	Average number of employees during the year					Number	Number
	Administration					-		-
	Development					-		-
	Distribution					-		-
	Manufacturing					-		-
	Marketing					-		-
	Sales					-		-
						-		-
7	Interest payable					2014		2013
£							£
	Bank loans and overdrafts					-		-
	Other loans					-		-
	Finance charges payable under finance leases and hire purchase contracts					-		-
	Non-equity dividends					-		-
						-		-
8	Taxation					2014		2013
£							£
	Analysis of charge in period
	Current tax:
	UK corporation tax on profits of the period					57,215		-
	Adjustments in respect of previous periods					-		-
						57,215		-
	Deferred tax:
	Origination and reversal of timing differences					-		-
	Effect of increased tax rate on opening liability					-		-
	Decrease in discount					-		-
						-		-
	Tax on profit on ordinary activities					57,215		-
	Factors affecting tax charge for period
	The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:
						2014		2013
£							£
	Profit/(loss) on ordinary activities before tax					302,690		(16,613)
	Standard rate of corporation tax in the UK					20%		20%
£							£
	Profit on ordinary activities multiplied by the standard rate of corporation tax					60,538		(3,323)
	Effects of:
	Expenses not deductible for tax purposes					(3,323)		3,323
	Capital allowances for period in excess of depreciation					-		-
	Utilisation of tax losses					-		-
	Adjustments to tax charge in respect of previous periods					-		-
	Current tax charge for period					57,215		-
	Factors that may affect future tax charges
9	Intangible fixed assets							£
	Goodwill:
	Cost
	At 1 September 2013							80,000
	Additions							-
	Disposals							-
	At 31 August 2014							80,000
	Amortisation
	At 1 September 2013							-
	Provided during the year							-
	On disposals							-
	At 31 August 2014							-
	Net book value
	At 31 August 2014							80,000
	At 31 August 2013							80,000
	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
10	Tangible fixed assets
		Land and buildings		Plant and machinery		Fixtures, fittings, tools and equipment		Total
£			£		£		£
	Cost
	At 1 September 2013	-		-		-		-
	Additions	-		-		56,790		56,790
	Surplus on revaluation	-		-		-		-
	Disposals	-		-		-		-
	At 31 August 2014	-		-		56,790		56,790
	Depreciation
	At 1 September 2013	-		-		-		-
	Charge for the year	-		-		10,222		10,222
	Surplus on revaluation	-		-		-		-
	On disposals	-		-		-		-
	At 31 August 2014	-		-		10,222		10,222
	Net book value
	At 31 August 2014	-		-		46,568		46,568
	At 31 August 2013	-		-		-		-
	Freehold land and buildings:					2014		2013
£							£
	Historical cost					-		-
	Cumulative depreciation based on historical cost					-		-
						2014		2013
£							£
	Net book value of fixed assets included above held under finance leases and hire purchase contracts					-		-
11	Investments
Investments in
subsidiary					Other
undertakings					investments		Total
£					£		£
	Cost
	At 1 September 2013			-		-		-
	Additions			-		-		-
	Disposals			-		-		-
	At 31 August 2014			-		-		-
	The company holds 20% or more of the share capital of the following companies:
Capital and							Profit (loss)
	Company	Shares held				reserves	for the year
		Class		%	£		£
	[Company name 1]	Ordinary		-		-		-
	[Company name 2]	Ordinary		-		-		-
	[Company name 3]	Ordinary		-		-		-
	[Company name 4]	Ordinary		-		-		-
	Other investments					2014		2013
£							£
	Listed investments					-		-
	Unlisted investments					-		-
						-		-
	Valuation:
	Listed investments - market value					-		-
	Taxation on potential capital gain if sold at valuation					-		-
12	Stocks					2014		2013
£							£
	Raw materials and consumables					-		-
	Work in progress					-		-
	Finished goods and goods for resale					-		-
	Long-term contract balances					-		-
						-		-
	The difference between purchase price or production cost of stocks and their replacement cost is not material.
						2014		2013
£							£
	Long-term contract balances consist of:
	Costs to date less provisions for losses					-		-
	Less: applicable payments on account					-		-
						-		-
13	Debtors					2014		2013
£							£
	Trade debtors					2,281,723		5,610,992
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					-		-
	Deferred tax asset (see note 19)					-		-
	Other debtors					-		-
	Prepayments and accrued income					-		-
	Amounts recoverable on long term contracts					-		-
						2,281,723		5,610,992
	Amounts due after more than one year included in:
	Trade debtors					-		-
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					-		-
	Other debtors					-		-
	Prepayments and accrued income					-		-
	Amounts recoverable on long term contracts					-		-
						-		-
14	Investments held as current assets					2014		2013
£							£
	Listed investments					-		-
	Unlisted investments					-		-
						-		-
	Valuation:
	Listed investments - market value					-		-
	Taxation on potential capital gain if sold at valuation					-		-
15	Creditors: amounts falling due within one year					2014		2013
£							£
	Non-equity preference shares					-		-
	Bank loans and overdrafts					-		-
	Obligations under finance lease and hire purchase contracts					-		-
	Payments on account on long term contracts					-		-
	Trade creditors					2,644,977		5,968,009
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		-
	Corporation tax					-		-
	Other taxes and social security costs					-		-
	Other creditors					-		-
	Accruals and deferred income					-		-
	Proposed dividend					-		-
						2,644,977		5,968,009
16	Creditors: amounts falling due after one year					2014		2013
£							£
	Non-equity preference shares					-		-
	Bank loans					-		-
	Obligations under finance lease and hire purchase contracts					-		-
	Payments on account on long term contracts					-		-
	Trade creditors					-		-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		-
	Corporation tax					-		-
	Other taxes and social security costs					-		-
	Other creditors					-		-
	Accruals and deferred income					-		-
						-		-
17	Loans					2014		2013
£							£
	Loans not wholly repayable within five years:
	Loan 1 (give details of repayment terms and interest rate)					-		-
	Loan 2 (give details of repayment terms and interest rate)					-		-
	Loan 3 (give details of repayment terms and interest rate)					-		-
						-		-
	Analysis of maturity of debt:
	Within one year or on demand					-		-
	Between one and two years					-		-
	Between two and five years					-		-
	After five years					-		-
						-		-
	The bank loans are secured on …
18	Obligations under finance leases and hire purchase					2014		2013
	contracts					£	£
	Amounts payable:
	Within one year					-		-
	Within two to five years					-		-
	After five years					-		-
						-		-
19	Deferred taxation					2014		2013
£							£
	Accelerated capital allowances					-		-
	Tax losses carried forward					-		-
	Undiscounted provision for deferred tax					-		-
	Discount					-		-
	Discounted provision for deferred tax					-		-
						2014		2013
£							£
	At 1 September					-		-
	Deferred tax charge in profit and loss account					-		-
	At 31 August					-		-
20	Provisions for liabilities
								Warranties
£
	At 1 September 2013							-
	Additional provisions made during the period							-
	Amounts used							-
	Amounts reversed unused							-
	Changes in the discounted amount							-
	At 31 August 2014							-
	A provision of £x has been recognised for expected warranty claims on products sold during the last three financial years. It is expected that most of this expenditure will be incurred in the next financial year, and all will be incurred within two years of the balance sheet date.
21	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		2		2
	B Ordinary shares	£1 each		-		-		-
						2		2
	? Preference shares	£1 each		-		-		-
						2		2
Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		-		-
	B Ordinary shares	£1 each		-		-
						-
	? Preference shares	£1 each		-		-
						-
22	Share premium					2014
£
	At 1 September 2013					-
	Shares issued					-
	Expenses of issue					-
	At 31 August 2014					-
23	Revaluation reserve					2014
£
	At 1 September 2013					-
	Arising on revaluation during the year					-
	At 31 August 2014					-
24	Capital redemption reserve					2014
£
	At 1 September 2013					-
	Transfer from the profit and loss account					-
	At 31 August 2014					-
25	Profit and loss account					2014
£
	At 1 September 2013					413,558
	Prior year adjustments					-
	At 1 September 2013					413,558
	Profit for the financial year					245,475
	Dividends					(147,828)
	Transfer to capital redemption reserve					-
	At 31 August 2014					511,205
26	Dividends					2014		2013
£							£
	Dividends for which the company became liable during the year:
	Dividends paid					147,828		237,828
	Dividends not paid					-		-
						147,828		237,828
	Analysis of dividends by type:
	Non-equity dividends (note 7)					-		-
	Equity dividends (note 25)					-		-
						-		-
	Dividends proposed after the balance sheet date					-		-
27	Reconciliation of movement in shareholders' funds					2014		2013
£							£
	At 1 September					413,560		668,001
	Profit/(loss) for the financial year					245,475		(16,613)
	Dividends					(147,828)		(237,828)
	Other recognised gains and losses					-		-
	Shares issued					-		-
	Shares redeemed					-		-
	Net capital redemption reserve transfer (should be nil)					-		-
	At 31 August					511,207		413,560
28	Gross cash flows					2014		2013
£							£
	Returns on investments and servicing of finance
	Dividends received					-		-
	Interest received					-		-
	Interest paid					-		-
	Interest element of finance lease rental payments					-		-
						-		-
	Capital expenditure
	Payments to acquire intangible fixed assets					-		-
	Payments to acquire tangible fixed assets					(56,790)		-
	Payments to acquire investments					-		-
	Receipts from sales of intangible fixed assets					-		-
	Receipts from sales of tangible fixed assets					-		-
	Receipts from sales of investments					-		-
						(56,790)		-
	Management of liquid resources
	Purchase of current asset investments					-		-
	Sale of current asset investments					-		-
						-		-
	Financing
	Issue of share capital					-		-
	Redemption of share capital					-		-
	Expenses paid in connection with share issue					-		-
	New loans raised					-		-
	Loan repayments					-		-
	Capital element of finance lease rental payments					-		-
						-		-
29	Analysis of changes in net debt
		At 1 Sep 2013		Cash flows		Non-cash changes		At 31 Aug 2014
£			£		£		£
	Cash at bank and in hand	690,577		57,316				747,893
	Overdrafts	-		-				-
				57,316
	Debt due within 1 year	-		-				-
	Debt due after 1 year	-		-				-
	Finance leases	-		-				-
				-
	Current asset investments	-		-				-
	Total	690,577		57,316		-		747,893
30	Major non-cash transactions					2014
£
	Capital value of new finance lease arrangements					-
31	Post balance sheet events
32	Capital commitments					2014		2013
£							£
	Amounts contracted for but not provided in the accounts					-		-
33	Pension commitments
34	Other financial commitments
	At the year end the company had annual commitments under non-cancellable operating leases as set out below:
		Land and buildings		Land and buildings	Other		Other
		2014		2013		2014		2013
£			£		£		£
	Operating leases which expire:
	within one year	-		-		-		-
	within two to five years	-		-		-		-
	in over five years	-		-		-		-
		-		-		-		-
35	Contingent liabilities
36	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	M Mitchell
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-
	[Director 2]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-
	[Director 3]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-
	[Director 4]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-
	[Director 5]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-
	[Director 6]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-
	[Director 7]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-
	[Director 8]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-
	[Director 9]
	[Loan 1]	-		-		-		-
	[Loan 2]	-		-		-		-
		-		-		-		-
37	Guarantees made by the company on behalf of directors
	Description and terms			Maximum	Amount paid
liability					and incurred
£					£
	M Mitchell
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-
	[Director 2]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-
	[Director 3]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-
	[Director 4]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-
	[Director 5]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-
	[Director 6]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-
	[Director 7]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-
	[Director 8]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-
	[Director 9]
	[Guarantee 1]			-		-
	[Guarantee 2]			-		-
				-		-
38	Related party transactions					2014		2013
£							£
	[Name of related party 1]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
	[Name of related party 2]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
	[Name of related party 3]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
	[Name of related party 4]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
	[Name of related party 5]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
	[Name of related party 6]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
	[Name of related party 7]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
	[Name of related party 8]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
	[Name of related party 9]
	[Description of relationship]
	[Description of transaction and amounts involved]
	[Amount due from (to) the related party]					-		-
	[Provision for doubtful debt due from related party]					-		-
	[Amounts written off in the period]					-		-
39	Ultimate controlling party

Allied Recruitment Servies Ltd
Detailed profit and loss account
for the year ended 31 August 2014
		2014		2013
£			£
Sales		11,605,301		9,013,390
Cost of sales		(10,097,473)		(7,527,654)
Gross profit		1,507,828		1,485,736
Distribution costs		-		-
Administrative expenses		(1,205,138)		(1,502,349)
Other operating income		-		-
Operating profit/(loss)		302,690		(16,613)
Exceptional items		-		-
Income from investments		-		-
Interest receivable		-		-
Interest payable		-		-
Profit/(loss) before tax		302,690		(16,613)

Allied Recruitment Servies Ltd
Detailed profit and loss account
for the year ended 31 August 2014
		2014		2013
£			£
Sales
Sales		11,605,301		9,013,390
		11,605,301		9,013,390
Cost of sales
Purchases		6,692		-
Decrease in stocks		-		-
Subcontractor costs		10,090,781		7,527,654
Direct labour		-		-
Carriage		-		-
Discounts allowed		-		-
Commissions payable		-		-
Other direct costs		-		-
		10,097,473		7,527,654
Distribution costs
Distribution costs		-		-
		-		-
Administrative expenses
Employee costs:
	Wages and salaries	407,214		645,878
	Directors' salaries	-		-
	Pensions	-		-
	Bonuses	-		-
	Employer's NI	-		-
	Temporary staff and recruitment	-		-
	Staff training and welfare	-		-
	Travel and subsistence	152,106		203,161
	Motor expenses	-		-
	Entertaining	-		-
		559,320		849,039
Premises costs:
	Rent	103,485		84,793
	Rates	-		-
	Service charges	-		-
	Light and heat	61		-
	Cleaning	-		-
	Use of home	-		-
		103,546		84,793
General administrative expenses:
	Telephone and fax	39,680		64,072
	Postage	-		-
	Stationery and printing	74,331		108,463
	Courier services	-		-
	Information and publications	-		-
	Subscriptions	-		-
	Bank charges	62,729		57,925
	Insurance	42,065		38,909
	Equipment expensed	-		-
	Equipment hire	-		-
	Software	-		-
	Repairs and maintenance	63,733		10,707
	Depreciation	10,222		-
	Amortisation of goodwill	-		-
	Bad debts	30,418		21,422
	Sundry expenses	7,935		3,299
		331,113		304,797
Legal and professional costs:
	Audit fees	-		-
	Accountancy fees	86,039		109,542
	Solicitors fees	-		-
	Consultancy fees	-		-
	Management fees	-		-
	Advertising and PR	125,120		154,178
	Other legal and professional	-		-
		211,159		263,720
		1,205,138		1,502,349
Other operating income
Other operating income		-		-
		-		-