INSIGHT_RECRUITMENT_SOLUT - Accounts

INSIGHT RECRUITMENT SOLUTIONS LIMITED - Company Information

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Company Registration No. 06482156 (England and Wales)

INSIGHT RECRUITMENT SOLUTIONS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

Richard Anthony

Chartered Accountants

INSIGHT RECRUITMENT SOLUTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

INSIGHT RECRUITMENT SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,608

3,748

Investments

900

1,608

4,648

Current assets

Debtors

290,137

259,767

Cash at bank and in hand

280,805

343,303

570,942

603,070

Creditors: amounts falling due within one year

(177,958)

(187,408)

Net current assets

392,984

415,662

Total assets less current liabilities

394,592

420,310

Capital and reserves

Called up share capital

1,200

Profit and loss account

393,392

419,110

Shareholders' funds

394,592

420,310

For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 March 2015

R Hopkins

P Wise

Director

Company Registration No. 06482156

INSIGHT RECRUITMENT SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

Over 3 years

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

INSIGHT RECRUITMENT SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 July 2013

13,289

900

14,189

Additions

968

Disposals

(833)

At 30 June 2014

13,424

900

14,324

Depreciation

At 1 July 2013

9,541

On disposals

(278)

Charge for the year

2,553

900

3,453

At 30 June 2014

11,816

900

12,716

Net book value

At 30 June 2014

1,608

At 30 June 2013

3,748

900

4,648

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Insight Recruitment Solutions (Gibraltar) Limited

Gibraltar

Ordinary

90.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2014

Principal activity

Insight Recruitment Solutions (Gibraltar) Limited

Recruitment consultants

Subsidiary company was incorporated on 22 May 2013 and no Financial Statements were prepared at the date approving these accounts.

INSIGHT RECRUITMENT SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 4 -

Share capital

2014

2013

Allotted, called up and fully paid

1,000 Ordinary A of £1 each

1,000

100 Ordinary B of £1 each

100

100 Ordinary C of £1 each

100

1,200