Sherrards Employment Services Ltd - Accounts to registrar - small 16.3d

Sherrards Employment Services Ltd - Accounts to registrar - small 16.3d

SHERRARDS EMPLOYMENT SERVICES LTD - Company Information

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REGISTERED NUMBER: 04663177 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2016

FOR

SHERRARDS EMPLOYMENT SERVICES LTD

SHERRARDS EMPLOYMENT SERVICES LTD (REGISTERED NUMBER: 04663177)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2016




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SHERRARDS EMPLOYMENT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2016







DIRECTORS: D Soanes
H Sherrard
L Sherrard





SECRETARY: W G Walls





REGISTERED OFFICE: 4 Albourne Court
Henfield Road
Albourne
Hassocks
West Sussex
BN6 9FF





REGISTERED NUMBER: 04663177 (England and Wales)





ACCOUNTANTS: Russell New Limited
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
Page 1
SHERRARDS EMPLOYMENT SERVICES LTD (REGISTERED NUMBER: 04663177)

ABRIDGED BALANCE SHEET
31ST MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 18,841 16,519
18,842 16,520

CURRENT ASSETS
Debtors 465,519 315,707
Cash at bank and in hand 113,569 93,801
579,088 409,508
CREDITORS
Amounts falling due within one year 454,812 295,248
NET CURRENT ASSETS 124,276 114,260
TOTAL ASSETS LESS CURRENT
LIABILITIES
143,118
130,780

PROVISIONS FOR LIABILITIES 2,197 1,528
NET ASSETS 140,921 129,252

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 139,921 128,252
SHAREHOLDERS' FUNDS 140,921 129,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
SHERRARDS EMPLOYMENT SERVICES LTD (REGISTERED NUMBER: 04663177)

ABRIDGED BALANCE SHEET - continued
31ST MARCH 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 21st December 2016 and were signed on its behalf by:





H Sherrard - Director


The notes form part of these financial statements

Page 3
SHERRARDS EMPLOYMENT SERVICES LTD (REGISTERED NUMBER: 04663177)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2016

1. STATUTORY INFORMATION

Sherrards Employment Services Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where
turnover is recognised when the company obtains the rights to consideration.

Goodwill
Goodwill relates to the acquisition of the business and is fully amortised.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Operating leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 .

Page 4 continued...
SHERRARDS EMPLOYMENT SERVICES LTD (REGISTERED NUMBER: 04663177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2016

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2015
and 31st March 2016 300,491
AMORTISATION
At 1st April 2015
and 31st March 2016 300,490
NET BOOK VALUE

At 31st March 2016 1
At 31st March 2015 1

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2015 68,591
Additions 8,601
At 31st March 2016 77,192
DEPRECIATION
At 1st April 2015 52,072
Charge for year 6,279
At 31st March 2016 58,351
NET BOOK VALUE
At 31st March 2016 18,841
At 31st March 2015 16,519

Page 5