Abbreviated Company Accounts - QUINTET PROJECTS LIMITED

QUINTET PROJECTS LIMITED - Company Information

Registered Number 02284869

QUINTET PROJECTS LIMITED

Abbreviated Accounts

30 September 2014

QUINTET PROJECTS LIMITED Registered Number 02284869

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	764,562	765,284
Investments	3	1,221	1,221
		765,783	766,505
Current assets
Debtors		12,931	13,414
Cash at bank and in hand		223,162	247,523
		236,093	260,937
Creditors: amounts falling due within one year		(399,947)	(405,301)
Net current assets (liabilities)		(163,854)	(144,364)
Total assets less current liabilities		601,929	622,141
Total net assets (liabilities)		601,929	622,141
Capital and reserves
Called up share capital		100	100
Profit and loss account		601,829	622,041
Shareholders' funds		601,929	622,141

For the year ending 30 September 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 26 June 2015

And signed on their behalf by:
H D Kilpatrick, Director

QUINTET PROJECTS LIMITED Registered Number 02284869

Notes to the Abbreviated Accounts for the period ended 30 September 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 amounts receivable for goods and services net of VAT and rents received

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold Not depreciated
Fixtures, fittings and equipment 15% on cost
Motor Vehicles 20% on cost

2Tangible fixed assets

	£
Cost
At 1 October 2013	767,326
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	767,326
Depreciation
At 1 October 2013	2,042
Charge for the year	722
On disposals	-
At 30 September 2014	2,764
Net book values
At 30 September 2014	764,562
At 30 September 2013	765,284

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value