QUICK REACTION TRAINING LIMITED

QUICK REACTION TRAINING LIMITED

QUICK REACTION TRAINING LIMITED - Company Information

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QUICK REACTION TRAINING LIMITED

Company Registration Number:
07548767 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2021

Period of accounts

Start date: 1 April 2020

End date: 31 March 2021

QUICK REACTION TRAINING LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

QUICK REACTION TRAINING LIMITED

Profit And Loss Account

for the Period Ended 31 March 2021

2021 2020


£
£
Turnover: 2,200 3,640
Cost of sales: 0 ( 384 )
Gross profit(or loss): 2,200 3,256
Distribution costs: 0
Administrative expenses: ( 3,390 ) ( 4,220 )
Operating profit(or loss): (1,190) (964)
Profit(or loss) before tax: (1,190) (964)
Tax: 0 0
Profit(or loss) for the financial year: (1,190) (964)

QUICK REACTION TRAINING LIMITED

Balance sheet

As at 31 March 2021

Notes 2021 2020


£
£
Fixed assets
Tangible assets: 3 4,041 5,388
Total fixed assets: 4,041 5,388
Current assets
Debtors: 4 25,139
Cash at bank and in hand: 680 578
Total current assets: 25,819 578
Creditors: amounts falling due within one year: 5 ( 26,552 ) ( 1,552 )
Net current assets (liabilities): (733) (974)
Total assets less current liabilities: 3,308 4,414
Accruals and deferred income: ( 1,145 ) ( 1,060 )
Total net assets (liabilities): 2,163 3,354
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 2,162 3,353
Total Shareholders' funds: 2,163 3,354

The notes form part of these financial statements

QUICK REACTION TRAINING LIMITED

Balance sheet statements

For the year ending 31 March 2021 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 June 2022
and signed on behalf of the board by:

Name: Elson Briggs
Status: Director

The notes form part of these financial statements

QUICK REACTION TRAINING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Tangible fixed assets depreciation policy

    We are using a straight line depreciation method

QUICK REACTION TRAINING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 1 1

QUICK REACTION TRAINING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2020 6,735 6,735
Additions
Disposals
Revaluations
Transfers
At 31 March 2021 6,735 6,735
Depreciation
At 1 April 2020 1,347 1,347
Charge for year 1,347 1,347
On disposals
Other adjustments
At 31 March 2021 2,694 2,694
Net book value
At 31 March 2021 4,041 4,041
At 31 March 2020 5,388 5,388

QUICK REACTION TRAINING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Debtors

2021 2020
£ £
Other debtors 25,139
Total 25,139

QUICK REACTION TRAINING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

5. Creditors: amounts falling due within one year note

2021 2020
£ £
Other creditors 26,552 1,552
Total 26,552 1,552

QUICK REACTION TRAINING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

6. Loans to directors

Name of director receiving advance or credit: Elson Briggs
Description of the transaction:
Personal Loan to director from company.
£
Balance at 31 March 2020
Advances or credits made: 25,000
Advances or credits repaid:
Balance at 31 March 2021 25,000
Name of director receiving advance or credit:
Description of the transaction:
Director personal loan taken.
£
Balance at 31 March 2020
Advances or credits made: 25,000
Advances or credits repaid:
Balance at 31 March 2021 25,000