Barr Personnel Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08382334 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

BARR PERSONNEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B T Griffiths

SECRETARY:

D S Jaffrey

REGISTERED OFFICE:

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

BUSINESS ADDRESS:

Beechurst

8 Commercial Road

Dereham

Norfolk

NR19 1AE

REGISTERED NUMBER:

08382334 (England and Wales)

AUDITORS:

Walter Wright

Chartered Accountants

Statutory Auditor

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

CURRENT ASSETS

Debtors

4

685,069

474,544

Cash at bank and in hand

7,648

7,929

692,717

482,473

CREDITORS

Amounts falling due within one year

5

227,249

216,632

NET CURRENT ASSETS

465,468

265,841

TOTAL ASSETS LESS CURRENT LIABILITIES

465,468

265,841

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

465,368

265,741

SHAREHOLDERS' FUNDS

465,468

265,841

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 10 September 2018 and were signed by:

B T Griffiths - Director

1.	STATUTORY INFORMATION

Barr 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the

company and the revenue can be reliably measured. Revenue is measured as the fair value of the

consideration received or receivable, excluding discounts, rebates, value added tax and other sales

taxes.

The following criteria must also be met before revenue is recognised:

Rendering of services:

Revenue from a contract to provide services is recognised in the period in which the services are

provided in accordance with the stage of completion of the contract when all of the following conditions

are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured

reliably, and

- the costs incurred and the costs to complete the contract can be measured reliably.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of

financial assets and liabilities like trade and other debtors and creditors, loans from banks and other

third parties, and loans from / to related parties.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are

recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss

account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 6 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

517,009

446,273

Other debtors

168,060

28,271

685,069

474,544

Advances from invoice discounting (note 7: Secured Debts) relate to the trade debtors disclosed

above.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

8,788

1,851

Amounts owed to group undertakings

6,324

11,032

Taxation and social security

160,497

155,310

Other creditors

51,640

48,439

227,249

216,632

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

21,468

21,468

Between one and five years

2,584

24,052

24,052

45,520

7.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

The Recruit Ventures Group Ltd

5,356

-

Recruit Ventures Ltd

-

11,032

5,356

11,032

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Simcox ACA (Senior Statutory Auditor)

for and on behalf of Walter Wright

9.	ULTIMATE PARENT COMPANY

The immediate parent undertaking is Recruit Ventures Limited. The smallest group for which

consolidated financial statements are prepared is headed by Recruit Ventures Limited and copies of its

financial statements can be obtained from the Registrar of Companies, Companies House, Crown

Way, Maindy, Cardiff, CF14 3UZ.

The ultimate parent undertaking is The Recruit Venture Group Limited. The largest group for which

consolidated financial statements are prepared is headed by The Recruit Venture Group Limited and

copies of its financial statements can be obtained from the Registrar of Companies, Companies

House, Crown Way, Maindy, Cardiff, CF14 3UZ.