Quality NDT Inspection Limited,Ltd - Accounts

QUALITY NDT INSPECTION LTD - Company Information

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Quality NDT Inspection Limited

For the year ended 31 August 2014

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 08185359

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Contents Page

Quality NDT Inspection Limited

For the year ended 31 August 2014

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

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Quality NDT Inspection Limited

Accountants' Report

For the year ended 31 August 2014

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of

Quality NDT Inspection Limited for the year ended 31 August 2014 which comprise the Profit and Loss Account, the

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other

professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Quality NDT Inspection Limited, as a body, in accordance with the

terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of

Quality NDT Inspection Limited and state those matters that we have agreed to state to the Board of Directors of Quality

NDT Inspection Limited, as a body, in this report in accordance with the requirements of the Association of Chartered

Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law,

we do not accept or assume responsibility to anyone other than Quality NDT Inspection Limited and its Board of

Directors as a body for our work or for this report.

It is your duty to ensure that Quality NDT Inspection Limited has kept adequate accounting records and to prepare

statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Quality NDT

Inspection Limited. You consider that Quality NDT Inspection Limited is exempt from the statutory audit requirement for

the year.

Hillman & Co

Technology Court

Bradbury Road

Newton Aycliffe

County Durham

DL5 6DA

13 May 2015

Dated:

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Abbreviated Balance Sheet

Quality NDT Inspection Limited

As at 31 August 2014

08185359

Registered Number :

2014

Notes

2013

Fixed assets

Tangible assets

810

530

810

530

Current assets

Debtors

5,937

7,344

Cash at bank and in hand

18,422

20,298

25,766

26,235

Creditors: amounts falling due within one year

(9,244)

(15,646)

16,991

10,120

Net current assets

Total assets less current liabilities

10,930

17,521

Creditors: amounts falling due after more than one year

(15,209)

(7,665)

3,265

Net assets

2,312

Capital and reserves

Called up share capital

Profit and loss account

3,255

2,311

3,265

2,312

Shareholders funds

For the year ended 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

The accounts have been prepared in accordance with the micro-entity provisions. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Date approved by the board: 13 May 2013

Joseph Dodson Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Quality NDT Inspection Limited

For the year ended 31 August 2014

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the

shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

33% Straight line

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

697

At 01 September 2013

549

Additions

At 31 August 2014

1,246

Depreciation

167

At 01 September 2013

269

Charge for year

436

At 31 August 2014

Net book values

At 31 August 2014

810

530

At 31 August 2013

3 Share capital

Allotted called up and fully paid

2014

2013

1 Ordinary shares of £1.00 each

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Notes to the Abbreviated Financial Statements

Quality NDT Inspection Limited

For the year ended 31 August 2014

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