New Century Recruitment Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03571647 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

NEW CENTURY RECRUITMENT LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

2,805

7,413

Investments

5

180,350

180,350

183,155

187,763

CURRENT ASSETS

Debtors

6

381,328

390,735

Cash at bank and in hand

134,593

92,890

515,921

483,625

CREDITORS

Amounts falling due within one year

7

61,038

60,570

NET CURRENT ASSETS

454,883

423,055

TOTAL ASSETS LESS CURRENT LIABILITIES

638,038

610,818

PROVISIONS FOR LIABILITIES

534

76

NET ASSETS

637,504

610,742

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Share premium

114,900

114,900

Retained earnings

512,604

485,842

SHAREHOLDERS' FUNDS

637,504

610,742

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 5 February 2018 and were signed by:

Miss V Clarke - Director

1.	STATUTORY INFORMATION

New Century Recruitment Limited is a private company, limited by shares, registered in England and Wales. The

company's registered number is 03571647, and the registered office address is at 5 Brooklands Place, Brooklands

Road, Sale, Cheshire, United Kingdom, M33 3SD.

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.

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 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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on cost and 33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

Investments

Investments in shares are included at fair value, where the fair value can be measured reliably. Otherwise

investments in shares are included at cost less impairment.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

125,584

Disposals

(13,000

)

At 31 August 2017

112,584

DEPRECIATION

At 1 September 2016

118,171

Charge for year

495

Eliminated on disposal

(8,887

)

At 31 August 2017

109,779

NET BOOK VALUE

At 31 August 2017

2,805

At 31 August 2016

7,413

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 September 2016

and 31 August 2017

1

180,349

180,350

NET BOOK VALUE

At 31 August 2017

1

180,349

180,350

At 31 August 2016

1

180,349

180,350

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

30,991

61,933

Amounts owed by group undertakings

49

49

Other debtors

350,288

328,753

381,328

390,735

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

7,878

9,204

Taxation and social security

16,446

27,375

Other creditors

36,714

23,991

61,038

60,570

8.	ULTIMATE CONTROLLING PARTY

Victoria Clarke Recruitment Limited is the parent company of New Century Recruitment Limited. The ultimate

controlling party is Miss V Clarke, a director of the company, by virtue of the fact that she owns all the share

capital of Victoria Clarke Recruitment Limited.