Accounts Submission

Company Accounts and Tax Online 06578390 Board of Directors 1.1.17 31.12.17 31.12.17 false iso4217:GBP xbrli:pure 06578390 2016-01-01 2016-12-31 06578390 2017-12-31 06578390 2017-01-01 2017-12-31 06578390 2016-12-31 06578390 countries:EnglandWales 2017-01-01 2017-12-31 06578390 curr:PoundSterling 2017-01-01 2017-12-31 06578390 uk-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 06578390 uk-bus:FRS102 2017-01-01 2017-12-31 06578390 uk-bus:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 06578390 uk-bus:FullAccounts 2017-01-01 2017-12-31 06578390 uk-bus:RegisteredOffice 2017-01-01 2017-12-31 06578390 uk-bus:Director1 2017-01-01 2017-12-31 06578390 uk-bus:Director1 2017-01-01 06578390 uk-bus:Director1 2017-12-31 06578390 uk-bus:Director2 2017-01-01 2017-12-31 06578390 uk-bus:Director2 2017-01-01 06578390 uk-bus:Director2 2017-12-31 06578390 uk-bus:Director3 2017-01-01 2017-12-31 06578390 uk-bus:Director3 2017-01-01 06578390 uk-bus:Director3 2017-12-31 06578390 uk-bus:CompanySecretary1 2017-01-01 2017-12-31 06578390 core:AfterOneYear 2017-12-31 06578390 core:AfterOneYear 2016-12-31 06578390 core:WithinOneYear 2017-12-31 06578390 core:WithinOneYear 2016-12-31 06578390 core:WithinOneYear 2017-01-01 2017-12-31 06578390 core:AfterOneYear 2017-12-31 06578390 core:AfterOneYear 2016-12-31 06578390 core:AfterOneYear 2017-01-01 2017-12-31 06578390 core:ShareCapital 2017-12-31 06578390 core:ShareCapital 2016-12-31 06578390 core:RevaluationReserve 2017-12-31 06578390 core:RevaluationReserve 2016-12-31 06578390 core:RetainedEarningsAccumulatedLosses 2017-12-31 06578390 core:RetainedEarningsAccumulatedLosses 2016-12-31 06578390 1 2017-01-01 2017-12-31 06578390 core:LandBuildings 2017-01-01 2017-12-31 06578390 core:LandBuildings 2017-12-31 06578390 core:LandBuildings 2016-01-01 2016-12-31 06578390 core:LandBuildings 2016-12-31 06578390 core:PlantMachinery 2017-01-01 2017-12-31 06578390 core:PlantMachinery 2017-12-31 06578390 core:PlantMachinery 2016-01-01 2016-12-31 06578390 core:PlantMachinery 2016-12-31 06578390 core:FurnitureFittingsToolsEquipment 2017-01-01 2017-12-31 06578390 core:FurnitureFittingsToolsEquipment 2017-12-31 06578390 core:FurnitureFittingsToolsEquipment 2016-01-01 2016-12-31 06578390 core:FurnitureFittingsToolsEquipment 2016-12-31 06578390 core:OfficeEquipment 2017-01-01 2017-12-31 06578390 core:OfficeEquipment 2017-12-31 06578390 core:OfficeEquipment 2016-01-01 2016-12-31 06578390 core:OfficeEquipment 2016-12-31 06578390 core:Vehicles 2017-01-01 2017-12-31 06578390 core:Vehicles 2017-12-31 06578390 core:Vehicles 2016-01-01 2016-12-31 06578390 core:Vehicles 2016-12-31 06578390 core:NetGoodwill 2017-01-01 2017-12-31 06578390 core:NetGoodwill 2017-12-31 06578390 core:NetGoodwill 2016-01-01 2016-12-31 06578390 core:NetGoodwill 2016-12-31 06578390 core:IntangibleAssetsOtherThanGoodwill 2017-01-01 2017-12-31 06578390 core:IntangibleAssetsOtherThanGoodwill 2017-12-31 06578390 core:IntangibleAssetsOtherThanGoodwill 2016-01-01 2016-12-31 06578390 core:IntangibleAssetsOtherThanGoodwill 2016-12-31

Company Registration Number:
06578390 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

Contents of the Financial Statements

for the Period Ended 31 December 2017


Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Profit and Loss notes - 9
Balance sheet notes - 10

Directors' Report Period Ended 31 December 2017

The directors present their report with the financial statements of the company for the period ended 31 December 2017

Principal Activities

The principal activity of the Company is providing a work and talent optimisation platform.

Directors

The directors shown below have held office during the whole of the period from 01 January 2017 to 31 December 2017
R S Gorman
G Miles
I L Milbourn

Secretary
A R Buttanshaw

This report was approved by the board of directors on 21 February 2018
And Signed On Behalf Of The Board By:

Name: R S Gorman
Status: Director

Profit and Loss Account

for the Period Ended 31 December 2017

	Notes	2017 £	2016 £
Turnover		306,716	228,730
Cost of sales		(251,672)	(345,884)
Gross Profit or (Loss)		55,044	(117,154)
Administrative Expenses		(1,266,133)	(1,055,058)
Operating Profit or (Loss)		(1,211,089)	(1,172,212)
Profit or (Loss) Before Tax	2	(1,211,089)	(1,172,212)
Tax on Profit		235,355	101,281
Profit or (Loss) for Period		(975,734)	(1,070,931)

The notes form part of these financial statements

Balance sheet

As at 31 December 2017

	Notes	2017 £	2016 £
Fixed assets
Tangible assets:	3	1,711	1,259
Total fixed assets:		1,711	1,259
Current assets
Debtors:	4	94,341	54,796
Cash at bank and in hand:		1,039,443	256,927
Total current assets:		1,133,784	311,723
Creditors: amounts falling due within one year:	5	( 169,546 )	( 76,270 )
Net current assets (liabilities):		964,238	235,453
Total assets less current liabilities:		965,949	236,712
Total net assets (liabilities):		965,949	236,712

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2017

	2017 £	2016 £
Capital and reserves
Called up share capital:	4,832,140	3,127,169
Profit and loss account:	( 3,866,191 )	( 2,890,457 )
Shareholders funds:	965,949	236,712

For the year ending 31 December 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 21 February 2018
And Signed On Behalf Of The Board By:

Name: R S Gorman
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents sales to external customers at invoiced amounts less value added tax and is recognised in the period in which the services are provided.

Tangible fixed assets depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation.

Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives, using the straight line method.

Depreciation is provided on the following basis:

Office equipment 50%

Notes to the Financial Statements

for the Period Ended 31 December 2017

2.Profit or (Loss) before tax

Loss before tax is stated after charging:

Depreciation £1,533 (2016: £3,580)

Directors Remuneration £60,833 (2016: £39,583)

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Tangible assets

	Office equipment	Total
Cost	£	£
At 01 January 2017	9,297	9,297
Additions	1,985	1,985
Disposals	-	-
Revaluations	-	-
Transfers	-	-
At 31 December 2017	11,282	11,282
Depreciation
At 01 January 2017	8,038	8,038
Charge for year	1,533	1,533
On disposals	-	-
Other adjustments	-	-
At 31 December 2017	9,571	9,571
Net book value
At 31 December 2017	1,711	1,711
At 31 December 2016	1,259	1,259

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Debtors

	2017 £	2016 £
Trade debtors	57,936	44,888
Prepayments and accrued income	36,405	9,908
Total	94,341	54,796

Notes to the Financial Statements

for the Period Ended 31 December 2017

5.Creditors: amounts falling due within one year note

	2017 £	2016 £
Trade creditors	85,316	17,037
Taxation and social security	19,824	35,926
Accruals and deferred income	59,033	21,757
Other creditors	5,373	1,550
Total	169,546	76,270

Accounts Submission