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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MAY 2017 |
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ELLIS KNIGHT BESPOKE RECRUITMENT LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MAY 2017 |
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FOR |
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ELLIS KNIGHT BESPOKE RECRUITMENT LIMITED |
ELLIS KNIGHT BESPOKE RECRUITMENT LIMITED (REGISTERED NUMBER: 09614877) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 May 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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ELLIS KNIGHT BESPOKE RECRUITMENT LIMITED |
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COMPANY INFORMATION |
for the year ended 31 May 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Griffins Court |
24-32 London Road |
NEWBURY |
Berkshire |
RG14 1JX |
ELLIS KNIGHT BESPOKE RECRUITMENT LIMITED (REGISTERED NUMBER: 09614877) |
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BALANCE SHEET |
31 May 2017 |
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31/5/17 | 31/5/16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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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 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 |
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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. |
ELLIS KNIGHT BESPOKE RECRUITMENT LIMITED (REGISTERED NUMBER: 09614877) |
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BALANCE SHEET - continued |
31 May 2017 |
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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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P M Graham - Director | N Hardy - Director |
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D Holby-Wolinski - Director | P Smith - Director |
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ELLIS KNIGHT BESPOKE RECRUITMENT LIMITED (REGISTERED NUMBER: 09614877) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 May 2017 |
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1. | STATUTORY INFORMATION |
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Ellis Knight Bespoke Recruitment Limited is a
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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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The financial statements are presented in sterling which is the functional currency of the company and rounded to the |
nearest £. |
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The significant accounting policies applied in the preparation of these financial statements are set out below. These policies |
have been consistently applied to all years presented unless otherwise stated. |
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Significant judgements and estimates |
The preparation of financial statements requires management to make judgements, estimates and assumptions that affect |
the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and |
expenses during the period. However, the nature of estimation means that actual outcomes could differ from those |
estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts |
recognised in the financial statements. |
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Revenue recognition |
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The key judgement made by management in respect of revenue is the point at which that revenue should be recognised. |
Management consider the underlying contract terms and conclude upon the most appropriate point of the cycle at which |
to recognise revenue based upon these terms and in particular where the risks and rewards of ownership transfer. |
Management estimate a percentage of the turnover to be deferred over the licence period. |
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Tangible Fixed Assets |
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Tangible fixed assets are depreciation over their useful lives taking into account residual values, where appropriate. The |
actual lives of the assets and residual values. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. |
Turnover relates to sales within the UK market. The policies adopted for the recognition of turnover are as follows: |
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Rendering of services |
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When the outcome of a transaction can be estimated reliably, turnover from the rendering of services is recognised as the |
service is performed. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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ELLIS KNIGHT BESPOKE RECRUITMENT LIMITED (REGISTERED NUMBER: 09614877) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2017 |
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2. | ACCOUNTING POLICIES - continued |
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 have been enacted or substantively |
enacted by the balance sheet date. |
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Deferred tax |
Deferred tax represents the future tax consequence of transactions and events recognised in the financial statements of |
current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing |
differences are differences between taxable profits and total comprehensive income as stated in the financial statements |
that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are |
recognised in the financial statements. 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 |
profit. |
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Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance |
sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable |
tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sales of the |
assets. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet |
date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
transaction. Exchange differences are taken into account in arriving at the operating result. |
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Impairments |
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet |
date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and |
compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is |
recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation |
decrease. |
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Provisions |
Provisions are recognised when the company has a legal or constructive obligation at the report date as a result of a past |
event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be |
reliably estimated. |
Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date. |
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Short-term employee benefits |
Short-term employee benefits are recognised as an expense in the period in which they are incurred. |
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Debtors and creditors receivable/payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction |
price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
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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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ELLIS KNIGHT BESPOKE RECRUITMENT LIMITED (REGISTERED NUMBER: 09614877) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2017 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 June 2016 |
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Additions |
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At 31 May 2017 |
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DEPRECIATION |
At 1 June 2016 |
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Charge for year |
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At 31 May 2017 |
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NET BOOK VALUE |
At 31 May 2017 |
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At 31 May 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/5/17 | 31/5/16 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/5/17 | 31/5/16 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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ELLIS KNIGHT BESPOKE RECRUITMENT LIMITED (REGISTERED NUMBER: 09614877) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2017 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
2017 | 2016 |
Value : | £ | £ |
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25 | Ordinary A | £1 | 25 | 25 |
25 | Ordinary B | £1 | 25 | 25 |
25 | Ordinary C | £1 | 25 | 25 |
25 | Ordinary D | £1 | 25 | 25 |
100 | 100 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1 June 2016 |
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Profit for the year |
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Dividends | ( |
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At 31 May 2017 |
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9. | RELATED PARTY DISCLOSURES |
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Information about related party transactions and outstanding balances is outlined below: |
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During the year remuneration to key management totalled £32,735 (2016 - £20,660). |
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During the year dividends paid to the shareholders totalled £153,826 (2016 - £144,600). |
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At the balance sheet date the company owed key management personnel £6,971 (2016 - £28,960). |
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10. | FIRST YEAR ADOPTION |
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This is the first year that the Company has presented its financial statements under Financial Reporting Standard 102 (FRS |
102) issued by the Financial Reporting Council. The last financial statements prepared under the previous UK GAAP were |
for the year ended 31 May 2016 and the date of transition was therefore 1 June 2015. As a consequence of adopting FRS |
102 the directors are of the opinion that no changes need to be made upon transitions to this accounting standard as the |
effect of any changes are not material. |