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REGISTERED NUMBER:
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Bagnall Hopkins Recruitment Limited |
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Financial Statements |
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for the Year Ended 31 December 2016 |
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REGISTERED NUMBER:
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Bagnall Hopkins Recruitment Limited |
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Financial Statements |
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for the Year Ended 31 December 2016 |
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Bagnall Hopkins Recruitment Limited (Registered number: 06026074) |
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Contents of the Financial Statements |
for the year ended 31 December 2016 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Bagnall Hopkins Recruitment Limited |
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Company Information |
for the year ended 31 December 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
33 George Street |
Wakefield |
West Yorkshire |
WF1 1LX |
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BANKERS: |
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8th Floor |
6/7 Park Row |
Leeds |
LS1 1NX |
Bagnall Hopkins Recruitment Limited (Registered number: 06026074) |
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Statement of Financial Position |
31 December 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 8 |
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NET ASSETS |
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Bagnall Hopkins Recruitment Limited (Registered number: 06026074) |
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Statement of Financial Position - continued |
31 December 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | 9 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Bagnall Hopkins Recruitment Limited (Registered number: 06026074) |
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Notes to the Financial Statements |
for the year ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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Bagnall Hopkins Recruitment Limited is a
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The company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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This is the first year that the company has presented its results under FRS 102. The last financial statements |
prepared and submitted to Companies House under the previous UKGAAP were for the year ended 31 |
December 2015. The date of transition to FRS 102 was 1 January 2015 and there were no adjustments arising as |
a result of the transition from the previous UKGAAP to FRS 102. |
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Turnover |
Turnover represents the combined income from both permanent and temporary recruitment placements, |
excluding value added tax. Income for permanent placements is invoiced and recognised only when the |
candidates commence work with their new employer whereas temporary assignments are invoiced weekly upon |
the receipt of a valid time sheet. |
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Tangible fixed assets |
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Furniture, fixtures & fittings | - |
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Computer equipment | - |
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Fixed assets are initially recorded at cost. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or |
substantively enacted by the statement of financial position date. |
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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. |
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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. |
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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. |
Bagnall Hopkins Recruitment Limited (Registered number: 06026074) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2016 |
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2. | ACCOUNTING POLICIES - continued |
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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. |
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Operating lease agreements |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with |
the lessor are charged against profits on a straight line basis over the period of the lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Furniture, |
fixtures | Computer |
& fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
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Charge for year |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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Other debtors |
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Directors' current accounts | 7,131 | 16,058 |
Prepayments and accrued income |
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Bagnall Hopkins Recruitment Limited (Registered number: 06026074) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2016 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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( |
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Tax |
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Social security and other taxes |
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VAT | 29,339 | 33,252 |
Other creditors |
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Accruals and deferred income |
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7. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2016 | 2015 |
£ | £ |
Within one year |
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Between one and five years |
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8. | PROVISIONS FOR LIABILITIES |
2016 | 2015 |
£ | £ |
Deferred tax | 1,494 | 980 |
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Deferred |
tax |
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Balance at 1 January 2016 |
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Accelerated capital allowances | 514 |
Balance at 31 December 2016 |
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9. | RESERVES |
Retained |
earnings |
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At 1 January 2016 |
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Profit for the year |
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Dividends | ( |
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At 31 December 2016 |
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Bagnall Hopkins Recruitment Limited (Registered number: 06026074) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2016 |
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10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31 December 2016 and |
31 December 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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11. | RELATED PARTY DISCLOSURES |
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Dividends paid to directors in their capacity as shareholders during the year included £65,998 paid to each of |
Mrs L E Hopkins and Mrs K E Bagnall. |