Abbreviated Company Accounts - QUARM SOLUTIONS LIMITED

QUARM SOLUTIONS LIMITED - Company Information

05247629 QUARM SOLUTIONS LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 05247629 2013-11-01 2014-10-31 05247629 2014-10-31 05247629 2013-10-31 05247629 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 05247629 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 iso4217:GBP shares

Registered Number 05247629

QUARM SOLUTIONS LIMITED

Abbreviated Accounts

31 October 2014

QUARM SOLUTIONS LIMITED Registered Number 05247629

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	7,822	291
		7,822	291
Current assets
Debtors		42,794	40,777
Cash at bank and in hand		30,464	27,666
		73,258	68,443
Creditors: amounts falling due within one year		(26,370)	(26,745)
Net current assets (liabilities)		46,888	41,698
Total assets less current liabilities		54,710	41,989
Creditors: amounts falling due after more than one year		(4,231)	0
Provisions for liabilities		(1,564)	(58)
Total net assets (liabilities)		48,915	41,931
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		48,815	41,831
Shareholders' funds		48,915	41,931

For the year ending 31 October 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 1 June 2015

And signed on their behalf by:
C R Brown, Director

QUARM SOLUTIONS LIMITED Registered Number 05247629

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of services provided during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% reducing-balance
Motor vehicles - 25% reducing-balance

Other accounting policies
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

2Tangible fixed assets

	£
Cost
At 1 November 2013	2,638
Additions	10,138
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	12,776
Depreciation
At 1 November 2013	2,347
Charge for the year	2,607
On disposals	-
At 31 October 2014	4,954
Net book values
At 31 October 2014	7,822
At 31 October 2013	291

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100