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REGISTERED NUMBER: 05680644 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2017

for

ABSOLUTE RECRUITMENT (NEWPORT) LIMITED

ABSOLUTE RECRUITMENT (NEWPORT) LIMITED (Registered number: 05680644)

Contents of the Financial Statements
for the Year Ended 31 May 2017










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ABSOLUTE RECRUITMENT (NEWPORT) LIMITED

Company Information
for the Year Ended 31 May 2017







DIRECTORS: A P Minton
Mrs H G Thomas





REGISTERED OFFICE: Caxton Chambers
Caxton Place
Newport
Gwent
NP20 4BN





REGISTERED NUMBER: 05680644 (England and Wales)





ACCOUNTANTS: Marsh Vision Limited
Chartered Certified Accountants
Chester House
17 Gold Tops
Newport
SOUTH WALES
NP20 4PH

ABSOLUTE RECRUITMENT (NEWPORT) LIMITED (Registered number: 05680644)

Statement of Financial Position
31 May 2017

31.5.17 31.5.16
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,143 2,581

CURRENT ASSETS
Debtors 5 300,238 279,815
Cash at bank and in hand 102,927 171,897
403,165 451,712
CREDITORS
Amounts falling due within one year 6 191,015 152,662
NET CURRENT ASSETS 212,150 299,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,293

301,631

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 214,293 300,631
SHAREHOLDERS' FUNDS 215,293 301,631

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

ABSOLUTE RECRUITMENT (NEWPORT) LIMITED (Registered number: 05680644)

Statement of Financial Position - continued
31 May 2017


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 22 December 2017 and were signed on its behalf
by:




A P Minton - Director



Mrs H G Thomas - Director


ABSOLUTE RECRUITMENT (NEWPORT) LIMITED (Registered number: 05680644)

Notes to the Financial Statements
for the Year Ended 31 May 2017


1. STATUTORY INFORMATION

ABSOLUTE RECRUITMENT (NEWPORT) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 50% on cost
Computer equipment - 20% on cost

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangements
as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity
instrument is any contract that evidences a residual interest in the assets of the company after deducting all its
liabilities.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,
they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement
constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate
of interest for a similar debt instrument.

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 statement of financial position date.


ABSOLUTE RECRUITMENT (NEWPORT) LIMITED (Registered number: 05680644)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017


2. ACCOUNTING POLICIES - continued
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 where transactions or events have occurred at that date that will result in an
obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

- Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed
assets, and gains on disposals of fixed assets that have been rolled over into replacement assets, only to the extent
that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned.
However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more
likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the
replacement assets are sold.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 76 .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2016 5,048 12,655 17,703
Additions 128 1,711 1,839
At 31 May 2017 5,176 14,366 19,542
DEPRECIATION
At 1 June 2016 4,776 10,346 15,122
Charge for year 320 957 1,277
At 31 May 2017 5,096 11,303 16,399
NET BOOK VALUE
At 31 May 2017 80 3,063 3,143
At 31 May 2016 272 2,309 2,581

ABSOLUTE RECRUITMENT (NEWPORT) LIMITED (Registered number: 05680644)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Trade debtors 290,744 195,592
Directors' loan accounts 833 79,184
Tax 270 -
Deferred tax asset 2,462 1,113
Prepayments 5,929 3,926
300,238 279,815

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Trade creditors 2,706 3,740
Tax 42,687 39,124
Social security and other taxes 13,593 13,976
VAT 66,235 66,814
Other creditors 35,218 18,721
Pension 15,038 8,438
Directors' loan accounts 12,939 -
Accruals and deferred income 2,599 1,849
191,015 152,662

7. DEFERRED TAX
£   
Balance at 1 June 2016 (1,113 )
Provided during year 56
Other timing differences (1,405 )
Balance at 31 May 2017 (2,462 )

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £156,622 were paid to the directors .

ABSOLUTE RECRUITMENT (NEWPORT) LIMITED (Registered number: 05680644)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017


8. RELATED PARTY DISCLOSURES - continued

Included within Debtors are the following balances due from the directors:

20172016
££
Mr A P Minton & Mr P Williams37,384
Ms H G Thomas & Ms D Whitfield83341,800
83379,184

The loans are interest free and repayable on demand.

In respect of each director who had an overdrawn loan account during the year the following transactions
took place between the director and the company:





Mr A P
Minton & Mr
P Williams
Ms H G
Thomas &
Ms D
Whitfield
££
Opening Balance(37,384)(41,800)
Dividends134,822115,300
Amounts Drawn(84,499)(74,333)
Closing Balance12,939(833)

9. ULTIMATE CONTROLLING PARTY

The controlling party is A P Minton.

The company was under the control of Mr A.P. Minton throughout the current and previous year. Mr A.P.
Minton is the majority shareholder.

10. FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS 102 (Section 1a). The date
of transition was 01 June 2015.

The transition to FRS 102 (Section 1a) has resulted in no changes in accounting policies to those used
previously.