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Registration number: 09808531

ALES HR CONSULTING LTD

CESSATION

Annual Report and Unaudited Financial Statements


for the Period from 1 November 2016 to 30 April 2018

Umbrella Accountants LLP TA CloudAccountant
Bollin House
Bollin Link
Wilmslow
Cheshire
SK9 1DP

 

ALES HR CONSULTING LTD

Contents

Company Information

1

Accountants' Report

2

Statement of Comprehensive Income

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Financial Statements

6 to 9

 

ALES HR CONSULTING LTD

Company Information

Directors

Mr Joao Nuno Largato Ales

Miss Samantha Jane Carroll

Registered office

33 Haven Gardens Haven Gardens
Crawley Down
Crawley
West Sussex
RH10 4UD

Accountants

Umbrella Accountants LLP TA CloudAccountant
Bollin House
Bollin Link
Wilmslow
Cheshire
SK9 1DP

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
ALES HR CONSULTING LTD
for the Period Ended 30 April 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ALES HR CONSULTING LTD for the period ended 30 April 2018 as set out on pages 3 to 9 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 ALES HR CONSULTING LTD, 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 ALES HR CONSULTING LTD and state those matters that we have agreed to state to the Board of Directors of ALES HR CONSULTING LTD, 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 ALES HR CONSULTING LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that ALES HR CONSULTING LTD 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 ALES HR CONSULTING LTD. You consider that ALES HR CONSULTING LTD is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of ALES HR CONSULTING LTD. 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.

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

Umbrella Accountants LLP TA CloudAccountant
Bollin House
Bollin Link
Wilmslow
Cheshire
SK9 1DP

13 November 2018

 

ALES HR CONSULTING LTD

Statement of Comprehensive Income for the Period from 1 November 2016 to 30 April 2018

2018
£

2016
£

Profit for the period

43,688

100,051

Total comprehensive income for the period

43,688

100,051

 

ALES HR CONSULTING LTD

(Registration number: 09808531)
Balance Sheet as at 30 April 2018

Note

2018
£

2016
£

Current assets

 

Debtors

4

-

40,869

Cash at bank and in hand

 

64,792

102,993

 

64,792

143,862

Creditors: Amounts falling due within one year

5

(64,790)

(43,809)

Net assets

 

2

100,053

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

-

100,051

Total equity

 

2

100,053

For the financial period ending 30 April 2018 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 period 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.

Approved and authorised by the Board on 13 November 2018 and signed on its behalf by:
 

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

Mr Joao Nuno Largato Ales

Director

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

Miss Samantha Jane Carroll

Director

 

ALES HR CONSULTING LTD

Statement of Changes in Equity for the Period from 1 November 2016 to 30 April 2018

Share capital
£

Profit and loss account
£

Total
£

At 1 November 2016

2

100,051

100,053

Profit for the period

-

43,688

43,688

Total comprehensive income

-

43,688

43,688

Dividends

-

(143,739)

(143,739)

At 30 April 2018

2

-

2

Share capital
£

Profit and loss account
£

Total
£

At 4 October 2015

2

-

2

Profit for the period

-

100,051

100,051

Total comprehensive income

-

100,051

100,051

At 31 October 2016

2

100,051

100,053

 

ALES HR CONSULTING LTD

Notes to the Financial Statements for the Period from 1 November 2016 to 30 April 2018

1

General information

The company is a private company limited by share capital incorporated in United Kingdom.

The address of its registered office is:
33 Haven Gardens Haven Gardens
Crawley Down
Crawley
West Sussex
RH10 4UD
United Kingdom

These financial statements were authorised for issue by the Board on 13 November 2018.

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 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.

These financial statements for the year ended 30 April 2018 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 01 November 2016. The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and any impact on opening equity and profit for the comparative period are explained in the below notes.
 

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.

Going concern

These accounts are not prepared on a going concern basis because the company ceased to trade at the date of the financial statements, this has no material effect on the values in the accounts.

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.

 

ALES HR CONSULTING LTD

Notes to the Financial Statements for the Period from 1 November 2016 to 30 April 2018

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

4

Debtors

 

ALES HR CONSULTING LTD

Notes to the Financial Statements for the Period from 1 November 2016 to 30 April 2018

2018
£

2016
£

Trade debtors

-

40,320

Prepayments

-

549

Total current trade and other debtors

-

40,869

5

Creditors

2018
£

2016
£

Due within one year

Directors current account

53,770

16,660

Taxation and social security

-

735

Corporation tax

11,020

26,414

64,790

43,809

6

Dividends

 

2018

2016

 

£

£

Final dividend of £71,869.78 (2016 - £Nil) per ordinary share

143,740

-

7

Related party transactions

Transactions with directors

2018

Advances to directors
£

At 30 April 2018
£

Mr Joao Nuno Largato Ales

Non-interest bearing advances made from director (repayable on demand)

(26,885)

(26,885)

     
   

Miss Samantha Jane Carroll

Non-interest bearing advances made from director (repayable on demand)

(26,885)

(26,885)

     
   

 

Directors' remuneration

The directors' remuneration for the period was as follows:

2018
£

2016
£

Remuneration

17,142

7,914

 

ALES HR CONSULTING LTD

Notes to the Financial Statements for the Period from 1 November 2016 to 30 April 2018

Other transactions with directors

Dividends of £71,869.78 and salary of £8,796.00 were paid to the Director, Mr Joao Nuno Largato Ales during the year. At the balance sheet date the amount due to Mr Joao Nuno Largato Ales was £26,885.29.

Dividends of £71,869.78 and salary of £8,346.00 were paid to the Director, Miss Samantha Jane Carroll during the year. At the balance sheet date the amount due to Miss Samantha Jane Carroll was £26,885.29.