Quassia (Electronics) Limited - Limited company - abbreviated - 11.6
Quassia (Electronics) Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 August 2014 |
| for |
| Quassia (Electronics) Limited |
| Quassia (Electronics) Limited (Registered number: 01298871) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 August 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 6 |
| Quassia (Electronics) Limited |
| Company Information |
| for the Year Ended 31 August 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Quassia (Electronics) Limited (Registered number: 01298871) |
| Abbreviated Balance Sheet |
| 31 August 2014 |
| 31.8.14 | 31.8.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 | 1,937 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 3 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| Quassia (Electronics) Limited (Registered number: 01298871) |
| Abbreviated Balance Sheet - continued |
| 31 August 2014 |
| The financial statements were approved by the Board of Directors on |
| Quassia (Electronics) Limited (Registered number: 01298871) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 August 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparation the financial statements, going concern |
| The financial statements have been prepared on the going concern basis which assumes that the company will |
| continue in operational existence for the foreseeable future. |
| The company is dependent upon the continued financial support of its bank and the directors. It is expected that |
| this support will continue and the directors therefore consider it appropriate to prepare the financial statements |
| on the going concern basis. |
| 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 provided excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance |
| for obsolete and slow moving items. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the |
| balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that |
| it is more likely than not they will be recovered against the reversal of deferred tax liabilities or other future |
| taxable profits. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2013 |
| and 31 August 2014 |
| DEPRECIATION |
| At 1 September 2013 |
| Charge for year |
| At 31 August 2014 |
| NET BOOK VALUE |
| At 31 August 2014 |
| At 31 August 2013 |
| Quassia (Electronics) Limited (Registered number: 01298871) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 August 2014 |
| 3. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.8.14 | 31.8.13 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 August 2014 and |
| 31 August 2013: |
| 31.8.14 | 31.8.13 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| 6. | RELATED PARTY DISCLOSURES |
| Quassia (Properties) Limited |
| A company under the same control |
| 31.8.14 | 31.8.13 |
| £ | £ |
| Amount due from related party at the balance sheet date |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Quassia (Electronics) Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Quassia (Electronics) 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 member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Quassia (Electronics) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Quassia (Electronics) Limited and state those matters that we have agreed to state to the Board of Directors of Quassia (Electronics) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Quassia (Electronics) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Quassia (Electronics) Limited. You consider that Quassia (Electronics) Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Quassia (Electronics) |
| Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and |
| explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 29 May 2015 |