HB International Executive Search Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06243193 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

INTERNATIONAL EXECUTIVE SEARCH LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

Mr T N Ramus

Mr S Heal

Mr E Darcy

SECRETARY:

Mr G Dolan

REGISTERED OFFICE:

30 St John's Lane

Farringdon

London

EC1M 4NB

REGISTERED NUMBER:

06243193 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Tangible assets

2

4,404

7,785

Investments

3

-

-

4,404

7,785

CURRENT ASSETS

Debtors

162,514

619,613

Cash at bank

4,191

247,144

166,705

866,757

CREDITORS

Amounts falling due within one year

4

344,054

729,018

NET CURRENT (LIABILITIES)/ASSETS

(177,349

)

137,739

TOTAL ASSETS LESS CURRENT LIABILITIES

(172,945

)

145,524

CREDITORS

Amounts falling due after more than one year

4

156,000

84,600

NET (LIABILITIES)/ASSETS

(328,945

)

60,924

CAPITAL AND RESERVES

Called up share capital

5

1,900

1,900

Profit and loss account

(330,845

)

59,024

SHAREHOLDERS' FUNDS

(328,945

)

60,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 September 2015 and were signed on its behalf by:

Mr S Heal - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Going concern

Where total liabilities exceed current assets the directors consider the ability of the company to continue to meet

its liabilities from liquid assets as and when the liabilities fall due. The directors also consider the support given to

the company by its creditors. If the directors are satisfied that the company can meet its liabilities as and when

they fall due and that the company has sufficient support from its creditors, the accounts are prepared on a going

concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

55,623

Additions

2,529

At 31 December 2014

58,152

DEPRECIATION

At 1 January 2014

47,838

Charge for year

5,910

At 31 December 2014

53,748

NET BOOK VALUE

At 31 December 2014

4,404

At 31 December 2013

7,785

3.	FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

HBI Commodities Limited

Nature of business: Recruitment

%

Class of shares:

holding

Ordinary

80.00

2014

31.12.13

£

£

Aggregate capital and reserves

56,782

131,706

(Loss)/profit for the year

(23,674

)

316,272

HB Ingram Mayet Limited

Nature of business: Recruitment

%

Class of shares:

holding

Ordinary

50.00

2014

31.12.13

£

£

Aggregate capital and reserves

(95,999

)

(112,804

)

Profit/(loss) for the year

16,805

(56,207

)

JFK Bradshaw Limited

Nature of business: Recruitment

%

Class of shares:

holding

Ordinary

100.00

2014

31.12.13

£

£

Aggregate capital and reserves

(6,801

)

(17,302

)

Loss for the year/period

(6,901

)

(17,402

)

4.

CREDITORS

Creditors include an amount of £ 5,974 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

90,000

Founder 1p

£0.01

900

900

100,000

Investor 1p

£0.01

1,000

1,000

1,900

1,900

6.	GOING CONCERN

At the balance sheet date total liabilities exceed current assets by £203,936.The directors consider, however, that

the company has sufficient liquid assets to meet its liabilities as and when they fall due and that the company has

sufficient support from its creditors. Accordingly, the directors consider that it is appropriate to prepare the

accounts on a going concern basis.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of International Executive Search Ltd for the year ended 31 December 2014 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of International Executive Search Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of International Executive Search Ltd and state those matters that we have agreed to state to the Board of Directors of International Executive Search Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that International Executive Search Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of International Executive Search Ltd. You consider that International Executive Search Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of International Executive

Search Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

Date: .............................................