Quantum HFE Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08643377 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 8 August 2013 to 31 August 2014

for

QUANTUM HFE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A Collins

REGISTERED OFFICE:

58 North Street

Bedminster

Bristol

BS3 1HJ

REGISTERED NUMBER:

08643377 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Hyland Mews

21 High Street

Clifton

Bristol

BS8 2YF

FIXED ASSETS

Tangible assets

2

622

CURRENT ASSETS

Debtors

3,330

Cash at bank

9,608

12,938

CREDITORS

Amounts falling due within one year

10,831

NET CURRENT ASSETS

2,107

TOTAL ASSETS LESS CURRENT LIABILITIES

2,729

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

2,728

SHAREHOLDERS' FUNDS

2,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the director on 26 May 2015 and were signed by:

A Collins - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date where transactions or events have occurred at that date that will result in an obligation to

pay more, or a right to pay less or to receive more tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not

that there will be suitable taxable profits from which the future reversal of the underlying timing differences

can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

905

At 31 August 2014

905

DEPRECIATION

Charge for period

283

At 31 August 2014

283

NET BOOK VALUE

At 31 August 2014

622

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.