ACCOUNTS - Final Accounts preparation


059003272014-09-01falsetrue2015-08-312015-08-31059003272014-09-012015-08-31059003272015-08-31059003272014-08-3105900327 c:OrdinaryShareClass1 2015-08-3105900327 c:OrdinaryShareClass1 2014-08-3105900327 c:OrdinaryShareClass1 2014-09-012015-08-3105900327 c:OrdinaryShareClass3 2015-08-3105900327 c:OrdinaryShareClass3 2014-08-3105900327 c:OrdinaryShareClass3 2014-09-012015-08-3105900327 c:Director1 2014-09-012015-08-3105900327 d:OfficeEquipment 2014-09-012015-08-31xbrli:sharesiso4217:GBP











RECOGNITION SERVICES LIMITED








UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015
















 
Registered number: 05900327

 
RECOGNITION SERVICES LIMITED
REGISTERED NUMBER: 05900327

ABBREVIATED BALANCE SHEET
AS AT 31 AUGUST 2015

2015
2014
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
7,755
8,570
 
Investments
 
3
-

5,200








7,755

13,770
 
CURRENT ASSETS





 
Debtors
12,478
24,391

 
Cash at bank

63,525
58,855







 
76,003
83,246
 
CREDITORS: amounts falling due within one year
(43,820)
(35,481)
 
NET CURRENT ASSETS


32,183

47,765
 
NET ASSETS
 39,938

 61,535
  
CAPITAL AND RESERVES

 
Called up share capital
4
100
100
 
Profit and loss account
39,838
61,435
 
SHAREHOLDERS' FUNDS
 

 39,938

 61,535


The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 August 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 2 February 2016.




G Robb
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
RECOGNITION SERVICES LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

1.3
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.

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 of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment
-
3 years straight line

1.5
Investments

Investments held as fixed assets are shown at cost less provision for impairment.


2.TANGIBLE FIXED ASSETS



£


Cost 


At 1 September 2014
18,242

Additions
3,760


At 31 August 2015

22,002



Depreciation


At 1 September 2014
9,672

Charge for the year
4,575


At 31 August 2015

14,247




Net book value


At 31 August 2015
 7,755


At 31 August 2014

 8,570

Page 2

 
RECOGNITION SERVICES LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015

3.FIXED ASSET INVESTMENTS



£


Cost 


At 1 September 2014
5,200

Disposals
(5,200)


At 31 August 2015

 -

Participating interests

Investment in associates represented a 20% interest in the member capital of Recognition Marketing and Public Relations LLP.


4.SHARE CAPITAL

        2015
        2014
        £

        £

Allotted, called up and fully paid



90 Ordinary "A" shares of £1 each
90
90
10 Ordinary "C" shares of £1 each
10
10

 100

 100

Page 3