Quadrum Bars Payroll Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09024164 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2018

for

Quadrum Bars Payroll Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Richards

REGISTERED OFFICE:

3 Park Square

Leeds

West Yorkshire

LS1 2NE

REGISTERED NUMBER:

09024164 (England and Wales)

ACCOUNTANTS:

Sochall Smith Limited

Chartered Accountants

3 Park Square

Leeds

LS1 2NE

CURRENT ASSETS

Debtors

4

127,779

24,551

Cash at bank

-

3,198

127,779

27,749

CREDITORS

Amounts falling due within one year

5

127,556

27,697

NET CURRENT ASSETS

223

52

TOTAL ASSETS LESS CURRENT LIABILITIES

223

52

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

123

(48

)

SHAREHOLDERS' FUNDS

223

52

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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 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 director on 23 October 2019 and were signed by:

G Richards - Director

1.	STATUTORY INFORMATION

Quadrum Bars Payroll 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.

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 21 (2017 - 21 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade debtors

126,996

23,064

Amounts owed by group undertakings

783

1,487

127,779

24,551

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Bank loans and overdrafts

161

-

Amounts owed to group undertakings

122,296

21,223

Social security and other taxes

2,699

4,074

Accrued expenses

2,400

2,400

127,556

27,697

6.	RELATED PARTY DISCLOSURES

Mr G Richards is a director of Quadrum Leisure Ltd, Quadrum Leisure (Sheffield) Limited, Quadrum Bars

Payroll Limited and Nrich Interior Design Limited.

At 31 October 2018 the company owed NRich Interior Design Limited £550 (2017: £550).

At 31 October 2018 the company owed Quadrum Leisure Ltd £121,746 (2017: £20,673).

At 31 October 2018 Quadrum Leisure (Sheffield) Limited owed the company £783 (2017: £783)

At 31 October 2018 Quadrum Leisure (Leeds) Limited owed the company £Nil (2017: £704)

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Richards.