Calquote Limited 31/12/2018 iXBRL

Calquote Limited 31/12/2018 iXBRL

CALQUOTE LIMITED - Company Information

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31/12/2018 2018-12-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2018-01-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 03251157 2018-01-01 2018-12-31 03251157 2018-12-31 03251157 2017-12-31 03251157 2017-01-01 2017-12-31 03251157 2017-12-31 03251157 bus:RegisteredOffice 2018-01-01 2018-12-31 03251157 bus:OrdinaryShareClass1 2018-01-01 2018-12-31 03251157 bus:LeadAgentIfApplicable 2018-01-01 2018-12-31 03251157 bus:Director1 2018-01-01 2018-12-31 03251157 bus:CompanySecretary1 2018-01-01 2018-12-31 03251157 core:FurnitureFittingsToolsEquipment 2017-12-31 03251157 core:FurnitureFittingsToolsEquipment 2018-12-31 03251157 core:WithinOneYear 2018-12-31 03251157 core:WithinOneYear 2017-12-31 03251157 core:ShareCapital 2018-12-31 03251157 core:ShareCapital 2017-12-31 03251157 core:RetainedEarningsAccumulatedLosses 2018-12-31 03251157 core:RetainedEarningsAccumulatedLosses 2017-12-31 03251157 bus:OrdinaryShareClass1 core:ShareCapital 2018-12-31 03251157 bus:OrdinaryShareClass1 core:ShareCapital 2017-12-31 03251157 core:FurnitureFittingsToolsEquipment 2018-01-01 2018-12-31 03251157 core:FurnitureFittingsToolsEquipment 2017-12-31 03251157 bus:SmallEntities 2018-01-01 2018-12-31 03251157 bus:AuditExemptWithAccountantsReport 2018-01-01 2018-12-31 03251157 bus:FullAccounts 2018-01-01 2018-12-31 03251157 bus:SmallCompaniesRegimeForAccounts 2018-01-01 2018-12-31 03251157 bus:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31
Calquote Limited
Filleted accounts
31 December 2018
Company registration number: 03251157
Calquote Limited
Directors and other information
Director E Hotston-Moore
Secretary J Hotston-Moore
Company number 03251157
Registered office The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
Accountants Cox Hinkins & Co
Chartered Certified Accountants
The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
Calquote Limited
Balance sheet
31st December 2018
2018 2017
Note £ £ £ £
Fixed assets
Tangible assets 5 258 461
_______ _______
258 461
Current assets
Debtors 6 - 1,931
Cash at bank and in hand 43,814 27,555
_______ _______
43,814 29,486
Creditors: amounts falling due
within one year 7 ( 16,762) ( 15,216)
_______ _______
Net current assets 27,052 14,270
_______ _______
Net assets 27,310 14,731
_______ _______
Capital and reserves
Called up share capital 8 100 100
Profit and loss account 27,210 14,631
_______ _______
Shareholders funds 27,310 14,731
_______ _______
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 September 2019 , and are signed on behalf of the board by:
E Hotston-Moore
Director
Company registration number: 03251157
Calquote Limited
Notes to the financial statements
Year ended 31st December 2018
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Dairy, 12 Stephen Road, Headington, Oxford, OX3 9AY. There was no significant change in the company's principal activity during the year which continued to be that of a structure design detailer.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is not recognised in respect of any timing differences at the reporting date as all are insignificant.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - Straight line basis over 3 years
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).
5. Tangible assets
Equipment Total
£ £
Cost
At 1st January 2018 and 31st December 2018 610 610
_______ _______
Depreciation
At 1st January 2018 149 149
Charge for the year 203 203
_______ _______
At 31st December 2018 352 352
_______ _______
Carrying amount
At 31st December 2018 258 258
_______ _______
At 31st December 2017 461 461
_______ _______
6. Debtors
2018 2017
£ £
Trade debtors - 1,920
Other debtors - 11
_______ _______
- 1,931
_______ _______
7. Creditors: amounts falling due within one year
2018 2017
£ £
Social security and other taxes 14,006 13,590
Other creditors 2,756 1,626
_______ _______
16,762 15,216
_______ _______
8. Called up share capital
Issued, called up and fully paid
2018 2017
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______
9. Controlling party
The company is under the control of E Hotston-Moore who owns 60% of the issued share capital.