Q6000 Limited - Accounts to registrar (filleted) - small 18.2

Q6000 Limited - Accounts to registrar (filleted) - small 18.2

Q6000 LIMITED - Company Information

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Q6000 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2020






Q6000 LIMITED (REGISTERED NUMBER: 01530159)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


Q6000 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2020







DIRECTORS: Mr B A Donald
Mrs J L Donald





SECRETARY: Mrs J L Donald





REGISTERED OFFICE: PO Box 179
Wisbech
Cambridgeshire
PE14 4BG





REGISTERED NUMBER: 01530159 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR
Page 1
Q6000 LIMITED (REGISTERED NUMBER: 01530159)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Debtors 4 3,953 3,106
Investments 5 879,530 1,027,818
Cash at bank and in hand 19,350 18,523
902,833 1,049,447
CREDITORS
Amounts falling due within one year 6 1,923 5,962
NET CURRENT ASSETS 900,910 1,043,485
TOTAL ASSETS LESS CURRENT LIABILITIES 900,910 1,043,485

PROVISIONS FOR LIABILITIES - 2,663
NET ASSETS 900,910 1,040,822

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 900,908 1,040,820
SHAREHOLDERS' FUNDS 900,910 1,040,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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 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 and authorised for issue by the Board of Directors and authorised for issue on 1 May 2020
and were signed on its behalf by:





Mr B A Donald - Director


The notes form part of these financial statements

Page 2
Q6000 LIMITED (REGISTERED NUMBER: 01530159)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020

1. STATUTORY INFORMATION

Q6000 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 the provisions of Section 1A "Small Entities" of Financial
Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the
revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax. Turnover is recognised at the point of delivery
of goods and services.

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated
impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
The company has adopted Sections 11 and 12 of FRS 102 Section 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction
price, unless the arrangement constitutes a financing transaction where the transaction is measured at the present value of
the future receipts discounted at a market rate of interest.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of
impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present
value of the estimated cashflows discounted at the asset's original effective interest rate. The impairment loss is
recognised in profit or loss.

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and
preference shares that are classified as debt, are initially recognised at transaction price,unless the arrangement constitutes
a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a
market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from
suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are
measured at amortised cost using the effective interest method.

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 statement of financial position date.


Page 3 continued...
Q6000 LIMITED (REGISTERED NUMBER: 01530159)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2020

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of
financial position 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.

Current asset investments
Listed investments are recognised at market value with unrealised profit or loss being recognised within the income
statement.
Profit or loss on sale recognised in the period of sale.

Employee share ownership trust
Assets held in the Employee Share Ownership Trust are recognised as assets of the company until they vest unconditionally
in identified beneficiaries.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 5 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 3,953 3,106

5. CURRENT ASSET INVESTMENTS
2020 2019
£    £   
Listed investments 879,530 1,027,818

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Taxation and social security - 4,762
Other creditors 1,923 1,200
1,923 5,962

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
18,680 Ordinary £0.00 01 2 2

Page 4