SBJ_BENEFIT_CONSULTANTS_L - Accounts

SBJ BENEFIT CONSULTANTS LIMITED - Company Information

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Company Registration No. 01834757 (England and Wales)

SBJ BENEFIT CONSULTANTS LIMITED

DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

SBJ BENEFIT CONSULTANTS LIMITED

COMPANY INFORMATION

Directors

A N Greatorex

(Appointed 3 February 2014)

S L Ring

(Appointed 12 August 2014)

Secretary

Capita Group Secretary Limited

Company number

01834757

Registered office

17 Rochester Row

London

SW1P 1QT

SBJ BENEFIT CONSULTANTS LIMITED

CONTENTS

Page

Directors' report

Balance sheet

Notes to the financial statements

3 - 4

SBJ BENEFIT CONSULTANTS LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2013

- 1 -

The directors present their report and financial statements for the year ended 31 December 2013.

Directors

The following directors have held office since 1 January 2013:

N M H Burns

(Resigned 12 August 2014)

S Sharp

(Resigned 3 February 2014)

D W Crawford

(Appointed 30 August 2013 and resigned 6 December 2013)

A N Greatorex

(Appointed 3 February 2014)

S L Ring

(Appointed 12 August 2014)

On behalf of the board

A N Greatorex

Director

12 September 2014

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2013

The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

SBJ BENEFIT CONSULTANTS LIMITED

BALANCE SHEET

AS AT

31 DECEMBER 2013

- 2 -

2013

2012

Notes

Current assets

Debtors

1,674,113

Creditors: amounts falling due within one year

(1,042,131)

Total assets less current liabilities

631,982

Capital and reserves

Called up share capital

1,598,111

Share premium account

6,944

Other reserves

200,000

Profit and loss account

(1,173,073)

Shareholders' funds

631,982

Audit exemption statement

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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; and

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

Approved by the Board and authorised for issue on 12 September 2014

A N Greatorex

Director

Company Registration No. 01834757

SBJ BENEFIT CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

- 3 -

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).

The company has ceased trading. For this reason, and as required by FRS 18.21, the directors have prepared the financial statements on the basis that the company is no longer a going concern.

The company has not produced a cashflow statement on the basis that the ultimate parent undertaking, Capita plc, has prepared a group cashflow statement in accordance with FRS1 (revised).

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

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.4

Related party transactions

The company has taken advantage of the exemption under FRS 8: Related Party Disclosures not to disclose transactions entered into between two or more members of Capita plc, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

Debtors

2013

2012

Amounts owed by group undertakings and undertakings in which the company has a participating interest

1,674,113

Creditors: amounts falling due within one year

2013

2012

Amounts owed to group undertakings and undertakings in which the company has a participating interest

1,042,131

Share capital

2013

2012

Allotted, called up and fully paid

1,598,111 Ordinary shares of £1 each

1,598,111

SBJ BENEFIT CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 4 -

Statement of movements on reserves

Share premium account

Other reserves
(see below)

Profit and loss
account

Balance at 1 January 2013

6,944

200,000

(1,173,073)

Balance at 31 December 2013

6,944

200,000

(1,173,073)

Other reserves

Capital redemption reserve

Balance at 1 January 2013 & at 31 December 2013

200,000

Reconciliation of movements in shareholders' funds

2013

2012

Loss for the financial year

Proceeds from issue of shares

1,500,000

Net (depletion in)/addition to shareholders' funds

1,500,000

Opening shareholders' funds

631,982

(868,018)

Closing shareholders' funds

631,982

Control

The immediate parent company is Capita Employee Benefits Holdings Limited, a company registered in England and Wales, and the ultimate parent company is Capita plc, a company registered in England and Wales. Capita plc prepares group financial statements and copies can be obtained from 71 Victoria Street, Westminster, London SW1H 0XA.