SPJ Recruitment Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: SC444276 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

SPJ RECRUITMENT LTD

T/A

SCOTTISH PROPERTY JOBS

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

D J Robertson

SECRETARY:

Mrs J Robertson

REGISTERED OFFICE:

c/o Thomas Barrie & Co LLP

Atlantic House

1A Cadogan Street

Glasgow

Strathclyde

G2 6QE

REGISTERED NUMBER:

SC444276 (Scotland)

ACCOUNTANTS:

Thomas Barrie & Co LLP

Atlantic House

1a Cadogan Street

Glasgow

G2 6QE

FIXED ASSETS

717

Tangible assets

4

735

CURRENT ASSETS

15,178

Debtors

5

13,842

108,863

Cash at bank

128,537

124,041

142,379

CREDITORS

24,278

Amounts falling due within one year

6

34,588

99,763

NET CURRENT ASSETS

107,791

100,480

TOTAL ASSETS LESS CURRENT LIABILITIES

108,526

136

PROVISIONS FOR LIABILITIES

140

100,344

NET ASSETS

108,386

CAPITAL AND RESERVES

1

Called up share capital

100

100,343

Retained earnings

108,286

100,344

SHAREHOLDERS' FUNDS

108,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 19 June 2018 and were signed by:

D J Robertson - Director

1.	STATUTORY INFORMATION

SPJ Recruitment Ltd is a private company, limited by shares, registered in Scotland, registration number

SC444276. The registered office is c/o Thomas Barrie & Co, Atlantic House, 1A Cadogan Street, Glasgow, G2

6QE..

The presentation currency of the financial statements is Pounds Sterling (£).

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.

Significant judgements and estimates

In preparing these financial statements, the directors are required to make judgements, estimates and

assumptions that affect the application of the Company's accounting policies and the reported amounts of assets,

liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying

assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

There are no significant judgements or estimates included in these accounts.

Turnover

Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of

any discounts and rebates allowed by the entity, but excluding value added tax and other sales taxes.

Services

Income from recruitment services is recognised when performed, such that risks and rewards have been

transferred.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 15% on cost

Financial instruments

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash and cash equivalents comprises cash balances.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans,

are measured initially at fair value, net of transaction costs

Provisions

Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current

market assessments of the time value of money and the risks specific to the liability. The unwinding of the

discount is recognised as finance 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 statement of financial position date.

Deferred tax

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

statement of financial position 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 4 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

1,661

Additions

609

Disposals

(400

)

At 31 March 2018

1,870

DEPRECIATION

At 1 April 2017

944

Charge for year

261

Eliminated on disposal

(70

)

At 31 March 2018

1,135

NET BOOK VALUE

At 31 March 2018

735

At 31 March 2017

717

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

13,492

14,043

Other debtors

350

1,135

13,842

15,178

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

120

37

Taxation and social security

15,845

16,365

Other creditors

18,623

7,876

34,588

24,278

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £32,000 (2017 - £34,500) were paid to the director .