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About You Recruitment Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2017

Kevin Alderton & Team Limited
14 South Way
Newhaven
East Sussex
BN9 9LL

About You Recruitment Limited

Contents

Company Information	1
Accountants' Report	2
Statement of Comprehensive Income	3
Balance Sheet	4 to 5
Statement of Changes in Equity	6
Notes to the Financial Statements	7 to 10

About You Recruitment Limited

Company Information

Directors

Ms Ryan Mr Waqar Ali

Registered office

14 South Way Newhaven East Sussex BN9 9LL

Accountants

Kevin Alderton & Team Limited 14 South Way Newhaven East Sussex BN9 9LL

Page 1

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
About You Recruitment Limited
for the Year Ended 31 January 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of About You Recruitment Limited for the year ended 31 January 2017 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of About You Recruitment Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of About You Recruitment Limited and state those matters that we have agreed to state to the Board of Directors of About You Recruitment Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than About You Recruitment Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that About You 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 profit of About You Recruitment Limited. You consider that About You 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 About You 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.

......................................

Kevin Alderton & Team Limited
14 South Way
Newhaven
East Sussex
BN9 9LL

10 August 2017

Page 2

About You Recruitment Limited

Statement of Comprehensive Income for the Year Ended 31 January 2017

	Note	2017 £	2016 £
Profit for the year		27,211	37,105
Total comprehensive income for the year		27,211	37,105

The notes on pages 7 to 10 form an integral part of these financial statements.

Page 3

About You Recruitment Limited

(Registration number: 05690251)
Balance Sheet as at 31 January 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	4	1,641	3,282
Current assets
Debtors	5	1,851	-
Cash at bank and in hand		194,832	163,097
		196,683	163,097
Creditors: Amounts falling due within one year	6	(24,989)	(19,927)
Net current assets		171,694	143,170
Total assets less current liabilities		173,335	146,452
Provisions for liabilities		(328)	(656)
Net assets		173,007	145,796
Capital and reserves
Called up share capital		206	206
Profit and loss account		172,801	145,590
Total equity		173,007	145,796

For the financial year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

The notes on pages 7 to 10 form an integral part of these financial statements.

Page 4

About You Recruitment Limited

(Registration number: 05690251)
Balance Sheet as at 31 January 2017

Approved and authorised by the Board on 10 August 2017 and signed on its behalf by:
 

.........................................

Ms Ryan

Director

.........................................

Mr Waqar Ali

Director

The notes on pages 7 to 10 form an integral part of these financial statements.

Page 5

About You Recruitment Limited

Statement of Changes in Equity for the Year Ended 31 January 2017

	Share capital £	Profit and loss account £	Total £
At 1 February 2016	206	145,590	145,796
Profit for the year	-	27,211	27,211
Total comprehensive income	-	27,211	27,211
At 31 January 2017	206	172,801	173,007

	Share capital £	Profit and loss account £	Total £
At 1 February 2015	206	108,485	108,691
Profit for the year	-	37,105	37,105
Total comprehensive income	-	37,105	37,105
At 31 January 2016	206	145,590	145,796

The notes on pages 7 to 10 form an integral part of these financial statements.

Page 6

About You Recruitment Limited

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

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
14 South Way
Newhaven
East Sussex
BN9 9LL

The principal place of business is:
Basepoint
Metcalf Way
Crawley
West Sussex
RH11 7XX

These financial statements were authorised for issue by the Board on 10 August 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	50% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 7

About You Recruitment Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2016 - 2).

Page 8

About You Recruitment Limited

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

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 February 2016	22,982	22,982
At 31 January 2017	22,982	22,982
Depreciation
At 1 February 2016	19,700	19,700
Charge for the year	1,641	1,641
At 31 January 2017	21,341	21,341
Carrying amount
At 31 January 2017	1,641	1,641
At 31 January 2016	3,282	3,282

5

Debtors

	2017 £	2016 £
Trade debtors	1,851	-
Total current trade and other debtors	1,851	-

6

Creditors

	Note	2017 £	2016 £
Due within one year
Trade creditors		1,171	-
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7	11,635	7,121
Taxation and social security		10,102	10,861
Other creditors		2,081	1,945
		24,989	19,927

Page 9

About You Recruitment Limited

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