New Century Recruitment Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03571647 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

NEW CENTURY RECRUITMENT LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

7,413

9,366

Investments

3

180,350

185,351

187,763

194,717

CURRENT ASSETS

Debtors

390,735

387,480

Cash at bank and in hand

92,890

98,191

483,625

485,671

CREDITORS

Amounts falling due within one year

60,570

106,920

NET CURRENT ASSETS

423,055

378,751

TOTAL ASSETS LESS CURRENT
LIABILITIES

610,818

573,468

PROVISIONS FOR LIABILITIES

76

163

NET ASSETS

610,742

573,305

CAPITAL AND RESERVES

Called up share capital

4

10,000

Share premium

114,900

Profit and loss account

485,842

448,405

SHAREHOLDERS' FUNDS

610,742

573,305

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

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

The director acknowledges her 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 10 February 2017 and were signed by:

Miss V Clarke - Director

1.	ACCOUNTING POLICIES

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).

Preparation of consolidated financial statements

The financial statements contain information about New Century Recruitment Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of goods, 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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on cost and 33% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Investments

Fixed Asset Investments are stated at cost less provision for diminution in value.

Revenue recognition

Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in

exchange for its performance. It is measured at the fair value of the right to consideration, which represents

amounts chargeable to clients, including expenses and disbursements but excluding value added tax. Revenue not

billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are

included in creditors.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

125,584

DEPRECIATION

At 1 September 2015

116,218

Charge for year

1,953

At 31 August 2016

118,171

NET BOOK VALUE

At 31 August 2016

7,413

At 31 August 2015

9,366

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 September 2015

185,351

Disposals

(5,001

)

At 31 August 2016

180,350

NET BOOK VALUE

At 31 August 2016

180,350

At 31 August 2015

185,351

The company's investments at the Balance Sheet date in the share capital of companies include the following:

New Century Recruitment Employee Benefit Trust Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

Aggregate capital and reserves

1

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

900

Ordinary A

1

900

9,100

Ordinary B

1

9,100

10,000