Company Registration No. 05691471 (England and Wales)
CONNECT 4 RECRUITMENT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2015
31 December 2015
CONNECT 4 RECRUITMENT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CONNECT 4 RECRUITMENT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
5,497
20,896
Tangible assets
2
38,997
61,452
44,494
82,348
Current assets
Debtors
3,103,225
2,547,480
Cash at bank and in hand
37,877
111
3,141,102
2,547,591
Creditors: amounts falling due within one year
3
(2,857,107)
(2,425,713)
Net current assets
283,995
121,878
Total assets less current liabilities
328,489
204,226
Creditors: amounts falling due after more than one year
4
-
(4,895)
328,489
199,331
Capital and reserves
Called up share capital
5
100
100
Profit and loss account
328,389
199,231
Shareholders' funds
328,489
199,331
For the financial period ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges his 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 29 September 2016
TH Day
Director
Company Registration No. 05691471
CONNECT 4 RECRUITMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED
31 DECEMBER 2015
31 December 2015
- 2 -
1
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 January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised on the day the provided employee works.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years.
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:
Plant and machinery
4 years straight line depreciation
Fixtures, fittings & equipment
2 - 4 years straight line depreciation
Motor vehicles
4 years straight line depreciation
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 March 2015 & at 31 December 2015
92,395
178,131
270,526
Depreciation
At 1 March 2015
71,499
116,679
188,178
Charge for the period
15,399
22,455
37,854
At 31 December 2015
86,898
139,134
226,032
Net book value
At 31 December 2015
5,497
38,997
44,494
At 28 February 2015
20,896
61,452
82,348
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £2,068,723 (2015 - £1,749,391).
CONNECT 4 RECRUITMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED
31 DECEMBER 2015
31 December 2015
- 3 -
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £4,895).
5
Share capital
2015
2015
£
£
Allotted, called up and fully paid
100 ordinary shares of £1 each
100
100
6
Transactions with directors
As at 31 December 2015, a balance of £349,684 (2015: £352,910) was due from T Day, director and majority shareholder of the company. Interest has been charged on this amount at official rates, amounting to £8,883 (2015: £11,534).
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