Company Registration No. 07532053 (England and Wales)
Open Select Recruitment Limited
Unaudited accounts
for the year ended 31 January 2018
Open Select Recruitment Limited
Unaudited accounts
Contents
Open Select Recruitment Limited
Company Information
for the year ended 31 January 2018
Company Number
07532053 (England and Wales)
Registered Office
Unit 6, Bassett Business Units
Hurricane Way
North Weald
Essex
CM16 6AA
United Kingdom
Accountants
Geppert & Co
PO Box 9938
Epping
Essex
CM16 9BF
Open Select Recruitment Limited
Accountants' report
Accountants' report to the director of Open Select Recruitment Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Open Select Recruitment Limited for the year ended
31 January 2018 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Open Select Recruitment Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Open Select Recruitment Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Open Select Recruitment Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Open Select Recruitment Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Open Select Recruitment Limited. You consider that Open Select Recruitment Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Open Select Recruitment Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Geppert & Co
PO Box 9938
Epping
Essex
CM16 9BF
9 July 2018
Open Select Recruitment Limited
Statement of financial position
as at
31 January 2018
Tangible assets
21,166
26,457
Cash at bank and in hand
7,088
25,192
Creditors: amounts falling due within one year
(30,285)
(26,092)
Net current (liabilities)/assets
(19,921)
8,685
Called up share capital
1
1
Profit and loss account
1,244
35,141
Shareholders' funds
1,245
35,142
For the year ending 31 January 2018 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 9 July 2018.
Matthew Geppert
Director
Company Registration No. 07532053
Open Select Recruitment Limited
Notes to the Accounts
for the year ended 31 January 2018
Open Select Recruitment Limited is a private company, limited by shares, registered in England and Wales, registration number 07532053. The registered office is Unit 6, Bassett Business Units, Hurricane Way, North Weald, Essex, CM16 6AA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on reducing balance
Computer equipment
20% on reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2017
34,193
19,807
54,000
At 31 January 2018
34,193
19,807
54,000
At 1 February 2017
16,093
11,450
27,543
Charge for the year
3,620
1,671
5,291
At 31 January 2018
19,713
13,121
32,834
At 31 January 2018
14,480
6,686
21,166
At 31 January 2017
18,100
8,357
26,457
Open Select Recruitment Limited
Notes to the Accounts
for the year ended 31 January 2018
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
2,149
12,301
Other creditors
23,136
6,636
7
Share capital
2018
2017
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 0 (2017: 0).