Quintet Projects Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02284869 (England and Wales)

ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

QUINTET PROJECTS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H Kilpatrick

SECRETARY:

REGISTERED OFFICE:

9 Chapel Street

Poulton-le-Fylde

FY6 7BQ

REGISTERED NUMBER:

02284869 (England and Wales)

ACCOUNTANTS:

J D Mercer & Co

Chartered Accountants

9 Chapel Street

Poulton-le-Fylde

Lancashire

FY6 7BQ

FIXED ASSETS

Tangible assets

4

607,106

766,176

CURRENT ASSETS

Debtors

11,544

11,544

Investments

1,221

1,221

Cash at bank

398,905

229,117

411,670

241,882

CREDITORS

Amounts falling due within one year

977

877

NET CURRENT ASSETS

410,693

241,005

TOTAL ASSETS LESS CURRENT LIABILITIES

1,017,799

1,007,181

CREDITORS

Amounts falling due after more than one year

390,426

395,426

NET ASSETS

627,373

611,755

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

627,273

611,655

SHAREHOLDERS' FUNDS

627,373

611,755

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 March 2019 and were signed by:

H Kilpatrick - Director

1.	STATUTORY INFORMATION

Quintet Projects Ltd 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2017

767,026

Disposals

(158,590

)

At 30 September 2018

608,436

DEPRECIATION

At 1 October 2017

850

Charge for year

480

At 30 September 2018

1,330

NET BOOK VALUE

At 30 September 2018

607,106

At 30 September 2017

766,176