Abbreviated Company Accounts - QUEST MOTORSPORTS LIMITED

Abbreviated Company Accounts - QUEST MOTORSPORTS LIMITED

QUEST MOTORSPORTS LIMITED - Company Information

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Registered Number 08255839

QUEST MOTORSPORTS LIMITED

Abbreviated Accounts

31 October 2014

QUEST MOTORSPORTS LIMITED Registered Number 08255839

Abbreviated Balance Sheet as at 31 October 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 4,000 4,500
4,000 4,500
Current assets
Debtors 3,240 2,937
Cash at bank and in hand 2,691 12,601
5,931 15,538
Creditors: amounts falling due within one year (6,188) (18,155)
Net current assets (liabilities) (257) (2,617)
Total assets less current liabilities 3,743 1,883
Total net assets (liabilities) 3,743 1,883
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,643 1,783
Shareholders' funds 3,743 1,883
  • 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 30 July 2015

And signed on their behalf by:
J Woods, Director

QUEST MOTORSPORTS LIMITED Registered Number 08255839

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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services

2Intangible fixed assets
£
Cost
At 1 November 2013 5,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2014 5,000
Amortisation
At 1 November 2013 500
Charge for the year 500
On disposals -
At 31 October 2014 1,000
Net book values
At 31 October 2014 4,000
At 31 October 2013 4,500