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REGISTERED NUMBER: 03549403 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

FOR

ABBEYWOOD INTERNATIONAL RECRUITMENT
LIMITED

ABBEYWOOD INTERNATIONAL RECRUITMENT
LIMITED (REGISTERED NUMBER: 03549403)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 July 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

ABBEYWOOD INTERNATIONAL RECRUITMENT
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 July 2017







DIRECTORS: N J Mitchell
Mrs E M D Reid





SECRETARY: N J Mitchell





REGISTERED OFFICE: 41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX





REGISTERED NUMBER: 03549403 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
Chartered Accountants
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

ABBEYWOOD INTERNATIONAL RECRUITMENT
LIMITED (REGISTERED NUMBER: 03549403)

BALANCE SHEET
31 July 2017

2017 2016
Notes £    £   
CURRENT ASSETS
Debtors 5 703,851 266,401
Prepayments and accrued income 542 5,424
Cash at bank 101,788 205,443
806,181 477,268
CREDITORS
Amounts falling due within one year 6 456,326 170,998
NET CURRENT ASSETS 349,855 306,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,855

306,270

CAPITAL AND RESERVES
Called up share capital 110,000 110,000
Retained earnings 8 239,855 196,270
SHAREHOLDERS' FUNDS 349,855 306,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 14 December 2017 and were signed on its behalf by:




N J Mitchell - Director



Mrs E M D Reid - Director


ABBEYWOOD INTERNATIONAL RECRUITMENT
LIMITED (REGISTERED NUMBER: 03549403)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 July 2017

1. STATUTORY INFORMATION

Abbeywood International Recruitment Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of three years.

The carrying value of goodwill is regularly reviewed by the directors and further adjustments are made where indicators of
impairment are found.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any
accumulated amortisation and any accumulated impairment losses.

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 balance sheet date.

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

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.

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 5 .

ABBEYWOOD INTERNATIONAL RECRUITMENT
LIMITED (REGISTERED NUMBER: 03549403)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 July 2017

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2016
and 31 July 2017 185,429
AMORTISATION
At 1 August 2016
and 31 July 2017 185,429
NET BOOK VALUE
At 31 July 2017 -
At 31 July 2016 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 653,851 266,401
Other debtors 50,000 -
703,851 266,401

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts - 613
Trade creditors 303,482 131,005
Taxation and social security 35,246 13,608
Other creditors 117,598 25,772
456,326 170,998

7. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans - 613

Included within bank loans and overdrafts is an amount under invoice discounting arrangements, which is secured on the
related trade debtors of £nil (2016-£229,201) and by a fixed and floating charge over the assets of the company.

The bank overdraft is secured by personal guarantees provided by the directors as detailed in note 10.

8. RESERVES
Retained
earnings
£   

At 1 August 2016 196,270
Profit for the year 63,585
Dividends (20,000 )
At 31 July 2017 239,855

ABBEYWOOD INTERNATIONAL RECRUITMENT
LIMITED (REGISTERED NUMBER: 03549403)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 July 2017

9. CONTINGENT LIABILITIES

There were no contingent liabilities at 31st July 2017 (2016: £nil).

10. RELATED PARTY DISCLOSURES

During the year the following transactions occurred with related parties:-

N J Mitchell is also a director of Mitchell Glanville Limited which invoiced this company £12,000 (2016-£18,000) during
the year for accounting services and costs incurred.The balance owing at the end of the year was £nil (2016-£nil)

Dividends of £20,000 (2016-£20,000) were declared in the year and paid to the two directors and their close family, who
were the shareholders.

During the year, £3,000 (2016-£2,250) was paid to the husband of Mrs E M D Reid (a director and shareholder) for rent.
The balance owing at the year end was £250 (2016-£250).

N J Mitchell, director, has given a personal guarantee to the bank amounting to £50,000 (2016-£50,000).

E M D Reid, director,has given a personal guarantee to the bank amounting to £50,000 (2016-£50,000).

At the year end date, N J Mitchell was owed £75,000 and Mrs E M D Reid was owed £25,000 by the company. Interest has
been charged on the loan at 6.5%.

ABBEYWOOD INTERNATIONAL RECRUITMENT
LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
ABBEYWOOD INTERNATIONAL RECRUITMENT
LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.
Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are
not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2017 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Mitchell Glanville Limited
Chartered Accountants
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


14 December 2017