Quinton Poulton Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03357649 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018

FOR

QUINTON POULTON MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms D J Goad

Q M Poulton

SECRETARY:

Q M Poulton

REGISTERED OFFICE:

8 Lansdowne Gardens

Hellingly Hailsham

East Sussex

BN27 1LQ

REGISTERED NUMBER:

03357649 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4 Mount Ephraim Road

Tunbridge Wells

Kent

TN1 1EE

FIXED ASSETS

Tangible assets

4

3,786

5,048

CURRENT ASSETS

Debtors

5

30,809

22,570

Cash at bank

19,633

27,360

50,442

49,930

CREDITORS

Amounts falling due within one year

6

4,330

5,980

NET CURRENT ASSETS

46,112

43,950

TOTAL ASSETS LESS CURRENT LIABILITIES

49,898

48,998

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

49,897

48,997

SHAREHOLDERS' FUNDS

49,898

48,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 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 3 May 2019 and were signed on its behalf by:

Q M Poulton - Director

1.	STATUTORY INFORMATION

Quinton Poulton Management 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover 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.

Computer equipment

-

25% on reducing balance

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of the

financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other

third parties, loans to related parties and investments in non-puttable ordinary shares.

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 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 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.

Financial reporting standard frs 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these

financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in

the UK and Republic of Ireland":

- the requirements of Section 7 Statement of Cash Flows;

- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);

- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;

- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;

- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and

26.23;

- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

Going concern

Accounting standard require the directors to consider the appropriateness of the going concern basis when

preparing the financial statements. The directors confirm that they consider that the going concern basis

remains appropriate. The directors believe that the company has sufficient resources to continue in operational

existence for the foreseeable future. The directors believe this to be the case as the company has positive

reserves, cash balances and no significant long term liabilities. Thus they continue to adopt the going concern

basis of accounting in preparing the annual financial statements.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Cash and equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice

of not more then 24 hours. Cash equivalents are highly liquid investments that mature in no more than three

months from the date of acquisition and that are readily convertible to known accounts of cash with no significant

risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2017

and 30 April 2018

14,862

DEPRECIATION

At 1 May 2017

9,814

Charge for year

1,262

At 30 April 2018

11,076

NET BOOK VALUE

At 30 April 2018

3,786

At 30 April 2017

5,048

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

24,287

22,570

Other debtors

6,522

-

30,809

22,570

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

1,762

995

Other creditors

2,568

4,985

4,330

5,980

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1

Ordinary shares

1

1

1

8.

RESERVES

Retained

earnings

£

At 1 May 2017

48,997

Profit for the year

900

At 30 April 2018

49,897

9.	RELATED PARTY DISCLOSURES

At the year end date, the company was owed £449 by Q Poulton (2017: the company owed £2,842) and owed

£1,593 (2017: £1,182) to D Goad.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Q M Poulton.