Company Registration No. 07321223 (England and Wales)
Quicktest Scientific Limited
Unaudited accounts
for the year ended 31 July 2018
Quicktest Scientific Limited
Unaudited accounts
Contents
Quicktest Scientific Limited
Company Information
for the year ended 31 July 2018
Director
Raphael David Katz
Company Number
07321223 (England and Wales)
Registered Office
Building 6
30 Friern Park
London
N12 9DA
Accountants
Leapman Weiss
Building 6
30 Friern Park
London
N12 9DA
Quicktest Scientific Limited
Statement of financial position
as at 31 July 2018
Intangible assets
96,000
104,000
Tangible assets
2,870
3,827
Cash at bank and in hand
9,438
14,001
Creditors: amounts falling due within one year
(33,553)
(57,156)
Net current assets
45,861
32,324
Total assets less current liabilities
144,731
140,151
Creditors: amounts falling due after more than one year
(102,000)
(102,000)
Called up share capital
1
1
Profit and loss account
42,730
38,150
Shareholders' funds
42,731
38,151
For the year ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 April 2019.
Raphael David Katz
Director
Company Registration No. 07321223
Quicktest Scientific Limited
Notes to the Accounts
for the year ended 31 July 2018
Quicktest Scientific Limited is a private company, limited by shares, registered in England and Wales, registration number 07321223. The registered office is Building 6, 30 Friern Park, London, N12 9DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation on intangible fixed assets is charged over 20 years.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
4
Intangible fixed assets
Goodwill
Quicktest Scientific Limited
Notes to the Accounts
for the year ended 31 July 2018
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2017
21,102
5,278
26,380
At 31 July 2018
21,102
5,278
26,380
At 1 August 2017
17,510
5,043
22,553
Charge for the year
898
59
957
At 31 July 2018
18,408
5,102
23,510
At 31 July 2018
2,694
176
2,870
At 31 July 2017
3,592
235
3,827
Finished goods
66,300
69,500
Accrued income and prepayments
2,586
4,067
8
Creditors: amounts falling due within one year
2018
2017
Trade creditors
16,121
17,291
Taxes and social security
2,205
4,193
Other creditors
3,935
3,936
Loans from directors
9,592
28,964
9
Creditors: amounts falling due after more than one year
2018
2017
Other creditors
102,000
102,000
10
Average number of employees
During the year the average number of employees was 15 (2017: 13).
