REGISTERED NUMBER: 03100765

REPORT OF THE DIRECTORS AND

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

TRIANGLE RECRUITMENT LIMITED

Page

Company Information

1

Report of the Directors

2

Consolidated Income Statement

3

Consolidated Balance Sheet

4

Company Balance Sheet

6

Notes to the Consolidated Financial Statements

8

DIRECTORS:

B W McWeeney

M Warren MREC

Mrs H F Warren

SECRETARY:

B W McWeeney

REGISTERED OFFICE:

Lambourne House

7 Western Road

Romford

Essex

RM1 3LD

REGISTERED NUMBER:

03100765

ACCOUNTANTS:

Clemence Hoar Cummings

Chartered Accountants

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

The directors present their report with the financial statements of the company and the group for the

year ended 30 September 2017.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 October 2016 to the

date of this report.

B W McWeeney

M Warren MREC

Mrs H F Warren

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

B W McWeeney - Director

29 June 2018

REVENUE

7,091,524

7,096,474

Cost of sales

5,883,312

5,907,055

GROSS PROFIT

1,208,212

1,189,419

Administrative expenses

1,097,098

982,051

OPERATING PROFIT

4

111,114

207,368

Interest receivable and similar income

-

4

111,114

207,372

Interest payable and similar expenses

4,090

1,457

PROFIT BEFORE TAXATION

107,024

205,915

Tax on profit

23,234

43,741

PROFIT FOR THE FINANCIAL YEAR

83,790

162,174

Profit attributable to:

Owners of the parent

83,790

162,174

FIXED ASSETS

Property, plant and equipment

6

27,205

12,412

Investments

7

-

-

27,205

12,412

CURRENT ASSETS

Debtors

8

1,459,883

1,329,311

Cash at bank and in hand

64,929

8,012

1,524,812

1,337,323

CREDITORS

Amounts falling due within one year

9

940,896

1,068,364

NET CURRENT ASSETS

583,916

268,959

TOTAL ASSETS LESS CURRENT LIABILITIES

611,121

281,371

CREDITORS

Amounts falling due after more than one year

10

305,960

-

NET ASSETS

305,161

281,371

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

305,159

281,369

SHAREHOLDERS' FUNDS

305,161

281,371

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act

2006 for the year ended 30 September 2017.

The members have not required the company and the group to obtain an audit of its financial statements

for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions of Part 15 of the

Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 June 2018 and were signed on

its behalf by:

M Warren MREC - Director

B W McWeeney - Director

FIXED ASSETS

Property, plant and equipment

6

-

323

Investments

7

6,085

6,085

6,085

6,408

CURRENT ASSETS

Debtors

8

1,211,902

1,119,267

Cash at bank and in hand

50,767

1,677

1,262,669

1,120,944

CREDITORS

Amounts falling due within one year

9

705,971

862,015

NET CURRENT ASSETS

556,698

258,929

TOTAL ASSETS LESS CURRENT LIABILITIES

562,783

265,337

CREDITORS

Amounts falling due after more than one year

10

280,000

-

NET ASSETS

282,783

265,337

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

282,781

265,335

SHAREHOLDERS' FUNDS

282,783

265,337

Company's profit for the financial year

77,446

154,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 June 2018 and were signed on its behalf by:

B W McWeeney - Director

1.	STATUTORY INFORMATION

Triangle Recruitment Limited is a private company, limited by shares , registered in Not

specified/Other. The company's registered number and registered office address can be found on

the General 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.

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.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated

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.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group'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 190 .

The average number of employees by undertakings that were proportionately consolidated during

the year was 100 .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2017

2016

£

£

Depreciation - owned assets

6,157

4,965

5.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent

company is not presented as part of these financial statements.

6.	PROPERTY, PLANT AND EQUIPMENT

Group

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2016

525

97,588

98,113

Additions

-

20,950

20,950

At 30 September 2017

525

118,538

119,063

DEPRECIATION

At 1 October 2016

525

85,176

85,701

Charge for year

-

6,157

6,157

At 30 September 2017

525

91,333

91,858

NET BOOK VALUE

At 30 September 2017

-

27,205

27,205

At 30 September 2016

-

12,412

12,412

Company

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2016

and 30 September 2017

525

73,890

74,415

DEPRECIATION

At 1 October 2016

525

73,567

74,092

Charge for year

-

323

323

At 30 September 2017

525

73,890

74,415

NET BOOK VALUE

At 30 September 2017

-

-

-

At 30 September 2016

-

323

323

7.	FIXED ASSET INVESTMENTS

Company

Other

investments

£

COST

At 1 October 2016

and 30 September 2017

6,085

NET BOOK VALUE

At 30 September 2017

6,085

At 30 September 2016

6,085

The group or the company's investments at the Balance Sheet date in the share capital of

companies include the following:

Subsidiary

Triangle Recruitment CZ S.R.O.

Registered office: In the Czech Republic

Nature of business: Recruitment

%

Class of shares:

holding

Ordinary

100.00

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2017

2016

2017

2016

£

£

£

£

Trade debtors

1,104,239

1,032,674

724,611

702,814

Other debtors

355,644

296,637

487,291

416,453

1,459,883

1,329,311

1,211,902

1,119,267

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2017

2016

2017

2016

£

£

£

£

Bank loans and overdrafts

34,526

296,680

34,580

282,413

Trade creditors

36,290

47,033

23,671

37,183

Taxation and social security

507,610

447,663

371,111

339,437

Other creditors

362,470

276,988

276,609

202,982

940,896

1,068,364

705,971

862,015

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group

Company

2017

2016

2017

2016

£

£

£

£

Other creditors

305,960

-

280,000

-