Canary Wharf & City (Recruitment) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05403700 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2017

for

Canary Wharf & City (Recruitment) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr M A Palmer

SECRETARY:

G J Rawlings

REGISTERED OFFICE:

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

REGISTERED NUMBER:

05403700 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

FIXED ASSETS

Tangible assets

4

14,257

6,036

CURRENT ASSETS

Debtors

5

362,332

378,923

Cash at bank and in hand

182,938

234,404

545,270

613,327

CREDITORS

Amounts falling due within one year

6

324,106

429,454

NET CURRENT ASSETS

221,164

183,873

TOTAL ASSETS LESS CURRENT LIABILITIES

235,421

189,909

PROVISIONS FOR LIABILITIES

2,851

1,207

NET ASSETS

232,570

188,702

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

232,569

188,701

SHAREHOLDERS' FUNDS

232,570

188,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 18 December 2017 and were signed by:

Dr M A Palmer - Director

1.	STATUTORY INFORMATION

Canary Wharf & City (Recruitment) 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 is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2016

17,667

13,685

31,352

Additions

9,135

1,957

11,092

At 31 March 2017

26,802

15,642

42,444

DEPRECIATION

At 1 April 2016

14,263

11,053

25,316

Charge for year

928

1,943

2,871

At 31 March 2017

15,191

12,996

28,187

NET BOOK VALUE

At 31 March 2017

11,611

2,646

14,257

At 31 March 2016

3,404

2,632

6,036

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

346,064

376,799

VAT

7,922

-

Prepayments and accrued income

8,346

2,124

362,332

378,923

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

277,667

310,019

Corporation tax

32,843

40,979

Social security and other taxes

1,074

694

VAT

-

24,623

Directors' loan accounts

8,522

49,139

Accrued expenses

4,000

4,000

324,106

429,454