QUILIBRA_LIMITED - Accounts

QUILIBRA LTD - Company Information

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Company Registration No. 06586740 (England and Wales)

QUILIBRA LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

QUILIBRA LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

QUILIBRA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,826

4,307

Current assets

Debtors

41,141

20,082

Cash at bank and in hand

1,161

1,858

42,302

21,940

Creditors: amounts falling due within one year

(40,762)

(22,788)

Net current assets/(liabilities)

1,540

(848)

Total assets less current liabilities

4,366

3,459

Capital and reserves

Called up share capital

100

Profit and loss account

4,266

3,359

Shareholders' funds

4,366

3,459

For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 3 July 2015

A Kasozi

Director

Company Registration No. 06586740

QUILIBRA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

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

1.3

Tangible fixed assets and depreciation

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:

Fixtures, fittings & equipment

20% straight line

1.4

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

1.5

Turnover

Turnover attributable to geographical markets outside the United Kingdom amounted to 84% for the year.

QUILIBRA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 May 2014

9,958

Additions

461

At 30 April 2015

10,419

Depreciation

At 1 May 2014

5,651

Charge for the year

1,942

At 30 April 2015

7,593

Net book value

At 30 April 2015

2,826

At 30 April 2014

4,307

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100