Quick Pick (Equestrian) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11183642 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 2 FEBRUARY 2018 TO 31 MARCH 2019

FOR

Quick Pick (Equestrian) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G E Russell

REGISTERED OFFICE:

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

REGISTERED NUMBER:

11183642 (England and Wales)

ACCOUNTANTS:

Jones & Co

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

FIXED ASSETS

Tangible assets

4

70,058

CURRENT ASSETS

Stocks

5,000

Debtors

5

1,467

Cash at bank and in hand

(98,892

)

(92,425

)

CREDITORS

Amounts falling due within one year

6

82,337

NET CURRENT LIABILITIES

(174,762

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(104,704

)

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

(104,714

)

SHAREHOLDERS' FUNDS

(104,704

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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 24 October 2019 and were signed by:

G E Russell - Director

1.	STATUTORY INFORMATION

Quick Pick (Equestrian) 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 represents product sales recognised when sales are despatched.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Stocks

Stock is valued at the lower of cost and market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

87,573

At 31 March 2019

87,573

DEPRECIATION

Charge for period

17,515

At 31 March 2019

17,515

NET BOOK VALUE

At 31 March 2019

70,058

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

1,467

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

8

Trade creditors

5,511

Other creditors

76,818

82,337