International Executive Search Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06243193 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

INTERNATIONAL EXECUTIVE SEARCH LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr S Heal

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

1,519

4,404

Investments

3

-

1,519

4,404

CURRENT ASSETS

Debtors

99,468

162,514

Cash at bank

15,083

4,191

114,551

166,705

CREDITORS

Amounts falling due within one year

4

197,531

344,054

NET CURRENT LIABILITIES

(82,980

)

(177,349

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(81,461

)

(172,945

)

CREDITORS

Amounts falling due after more than one
year

4

144,174

156,000

NET LIABILITIES

(225,635

)

(328,945

)

CAPITAL AND RESERVES

Called up share capital

5

1,900

Profit and loss account

(227,535

)

(330,845

)

SHAREHOLDERS' FUNDS

(225,635

)

(328,945

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 26 September 2016 and were signed by:

Mr S Heal - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis as the director is satisfied that the

company will have adequate resources to meets its liabilities to third parties as they fall due.

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 January 2015).

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

58,152

DEPRECIATION

At 1 January 2015

53,748

Charge for year

2,885

At 31 December 2015

56,633

NET BOOK VALUE

At 31 December 2015

1,519

At 31 December 2014

4,404

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

100.00

2015

2014

£

Aggregate capital and reserves

-

54,782

Loss for the year

-

(76,925

)

Ingram Mayet Limited

Nature of business: Recruitment

%

Class of shares:

holding

Ordinary

50.00

2015

2014

£

Aggregate capital and reserves

(58,474

)

(97,999

)

Profit for the year

39,525

14,805

JFK Bradshaw Limited

Nature of business: Recruitment

%

Class of shares:

holding

Ordinary

80.00

2015

2014

£

Aggregate capital and reserves

-

(9,216

)

Profit for the year

-

13,061

The company disposed of its interest in JFK Bradshaw Limited on 6th July 2015.

4.

CREDITORS

Creditors include an amount of £ 23,777 (2014 - £ 5,974 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

90,000

Founder 1p

£0.01

900

100,000

Investor 1p

£0.01

1,000

1,900

6.	GOING CONCERN

At the balance sheet date total liabilities exceed current assets by £227,154.The director 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 director consider that it is appropriate to prepare the

accounts on a going concern basis.