UPFRONT_&_PERSONNEL_LIMIT - Accounts

UPFRONT & PERSONNEL LIMITED - Company Information

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Company Registration No. 04196854 (England and Wales)

UPFRONT & PERSONNEL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2016

3 Acorn Business Centre

Northarbour Road

Cosham

Portsmouth

United Kingdom

PO6 3TH

UPFRONT & PERSONNEL LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

UPFRONT & PERSONNEL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

57,466

123,470

Current assets

Debtors

312,352

181,112

Cash at bank and in hand

14,946

46,748

327,298

227,860

Creditors: amounts falling due within one year

(250,981)

(227,034)

Net current assets

76,317

826

Total assets less current liabilities

133,783

124,296

Creditors: amounts falling due after more than one year

(26,281)

(71,076)

Provisions for liabilities

(4,574)

(3,860)

102,928

49,360

Capital and reserves

Called up share capital

Profit and loss account

102,925

49,357

Shareholders' funds

102,928

49,360

UPFRONT & PERSONNEL LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2016

- 2 -

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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;

The directors acknowledge their 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 17 November 2016

Mrs. J Bond

Director

Company Registration No. 04196854

UPFRONT & PERSONNEL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Accounting policies

1.1

Basis of accounting

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

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

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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:

Land and buildings freehold

2% Straight line

Computer equipment

25% Straight line

Fixtures and fittings

20% Reducing balance

Motor vehicles

33% Reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

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.

UPFRONT & PERSONNEL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 July 2015

176,212

Additions

43,387

Disposals

(119,942)

At 30 June 2016

99,657

Depreciation

At 1 July 2015

52,742

On disposals

(20,193)

Charge for the year

9,642

At 30 June 2016

42,191

Net book value

At 30 June 2016

57,466

At 30 June 2015

123,470

UPFRONT & PERSONNEL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 5 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £70,754 (2015 - £81,024).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £26,281 (2015 - £31,076).