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No description of principal activity
2016-01-01
Sage Accounts Production Advanced 2017 Update 2 - FRS
53,370
40,826
xbrli:pure
xbrli:shares
iso4217:GBP
07463576
2016-01-01
2016-12-31
07463576
2016-12-31
07463576
2015-12-31
07463576
2015-01-01
2015-12-31
07463576
2015-12-31
07463576
bus:RegisteredOffice
2016-01-01
2016-12-31
07463576
bus:Director1
2016-01-01
2016-12-31
07463576
bus:Director2
2016-01-01
2016-12-31
07463576
core:WithinOneYear
2016-12-31
07463576
core:WithinOneYear
2015-12-31
07463576
core:RetainedEarningsAccumulatedLosses
2016-01-01
2016-12-31
07463576
core:RetainedEarningsAccumulatedLosses
2015-01-01
2015-12-31
07463576
core:RetainedEarningsAccumulatedLosses
2015-12-31
07463576
core:RetainedEarningsAccumulatedLosses
2014-12-31
07463576
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2016-12-31
07463576
core:RetainedEarningsAccumulatedLosses
2015-12-31
07463576
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2016-12-31
07463576
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2015-12-31
07463576
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2016-01-01
2016-12-31
07463576
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2016-01-01
2016-12-31
07463576
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2016-01-01
2016-12-31
07463576
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2016-01-01
2016-12-31
07463576
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2016-01-01
2016-12-31
07463576
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2016-01-01
2016-12-31
Statement of Consent to Prepare Abridged Financial Statements
|
|
All of the members of John Benfield HR Consultancy Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
07463576
John Benfield HR Consultancy Limited
|
|
Unaudited Abridged Financial Statements
|
|
John Benfield HR Consultancy Limited
|
|
Abridged Financial Statements
|
|
Year ended 31 December 2016
Abridged statement of income and retained earnings
|
2
|
|
|
Abridged statement of financial position
|
3
|
|
|
Notes to the abridged financial statements
|
4
|
|
|
The following pages do not form part of the abridged financial statements
Detailed abridged income statement
|
0
|
|
|
Notes to the detailed abridged income statement
|
0
|
|
|
John Benfield HR Consultancy Limited
|
|
Year ended 31 December 2016
The directors present their report and the unaudited abridged financial statements of the company for the year ended
31 December 2016
.
Directors
The directors who served the company during the year were as follows:
Mr J Benfield
|
|
Miss M Barrett
|
|
|
|
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
5 September 2017
and signed on behalf of the board by:
Registered office:
|
Durham House
|
38 Street Lane
|
Denby
|
DE5 8NE
|
|
John Benfield HR Consultancy Limited
|
|
Abridged Statement of Income and Retained Earnings
|
|
Year ended 31 December 2016
|
2016
|
2015
|
Note
|
£
|
£
|
Gross profit
|
118,459
|
98,281
|
|
|
|
Administrative expenses
|
51,763
|
47,296
|
|
---------
|
--------
|
Operating profit
|
66,696
|
50,985
|
|
|
|
|
|
---------
|
--------
|
Profit before taxation
|
5
|
66,696
|
50,985
|
|
|
|
|
Tax on profit
|
13,326
|
10,159
|
|
--------
|
--------
|
Profit for the financial year and total comprehensive income
|
53,370
|
40,826
|
|
--------
|
--------
|
|
|
|
Dividends paid and payable
|
(
49,700)
|
(
42,500)
|
|
|
|
Retained earnings at the start of the year
|
85
|
1,759
|
|
--------
|
--------
|
Retained earnings at the end of the year
|
3,755
|
85
|
|
--------
|
--------
|
|
|
|
All the activities of the company are from continuing operations.
John Benfield HR Consultancy Limited
|
|
Abridged Statement of Financial Position
|
|
31 December 2016
Fixed assets
Tangible assets
|
6
|
|
255
|
191
|
|
|
|
|
|
Current assets
Debtors
|
18,257
|
|
9,958
|
Cash at bank and in hand
|
5,000
|
|
5,362
|
|
--------
|
|
--------
|
|
23,257
|
|
15,320
|
|
|
|
|
Creditors: amounts falling due within one year
|
19,657
|
|
15,326
|
|
--------
|
|
--------
|
Net current assets/(liabilities)
|
|
3,600
|
(
6)
|
|
|
-------
|
----
|
Total assets less current liabilities
|
|
3,855
|
185
|
|
|
-------
|
----
|
Net assets
|
|
3,855
|
185
|
|
|
-------
|
----
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
100
|
100
|
Profit and loss account
|
|
3,755
|
85
|
|
|
-------
|
----
|
Members funds
|
|
3,855
|
185
|
|
|
-------
|
----
|
|
|
|
|
These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
5 September 2017
, and are signed on behalf of the board by:
Company registration number:
07463576
John Benfield HR Consultancy Limited
|
|
Notes to the Abridged Financial Statements
|
|
Year ended 31 December 2016
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Durham House, 38 Street Lane, Denby, DE5 8NE.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the period, inclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Equipment
|
-
|
25% reducing balance
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Compound instruments Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability component is accounted for as a financial liability. The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument. The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2015:
2
).
5.
Profit before taxation
Profit before taxation is stated after charging:
|
2016
|
2015
|
|
£
|
£
|
Depreciation of tangible assets
|
86
|
63
|
|
----
|
----
|
|
|
|
6.
Tangible assets
|
£
|
Cost
|
|
At 1 January 2016
|
785
|
Additions
|
150
|
|
----
|
At 31 December 2016
|
935
|
|
----
|
Depreciation
|
|
At 1 January 2016
|
594
|
Charge for the year
|
86
|
|
----
|
At 31 December 2016
|
680
|
|
----
|
Carrying amount
|
|
At 31 December 2016
|
255
|
|
----
|
At 31 December 2015
|
191
|
|
----
|
|
|
7.
Directors' advances, credits and guarantees
At the year end the directors loan account was in credit so no disclosure is required.
8.
Related party transactions
The company was under the control of Mr J R Benfield throughout the current and previous year. Mr J R Benfield is the managing director and majority shareholder.
9.
Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.
No transitional adjustments were required in equity or profit or loss for the year.