Quantum Estate Agency Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06371745 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 October 2014 to 31 March 2015

for

Quantum Estate Agency Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Beattie

H Smith

A Barlow

SECRETARY:

D Beattie

REGISTERED OFFICE:

2 Clifton Moor Business Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

REGISTERED NUMBER:

06371745 (England and Wales)

ACCOUNTANTS:

Beckingtons

2 Clifton Moor Business

Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

FIXED ASSETS

Intangible assets

2

427,500

-

Tangible assets

3

13,393

-

440,893

-

CURRENT ASSETS

Debtors

408

-

Cash at bank

104,848

120,014

105,256

120,014

CREDITORS

Amounts falling due within one year

79,718

120,011

NET CURRENT ASSETS

25,538

3

TOTAL ASSETS LESS CURRENT LIABILITIES

466,431

3

CREDITORS

Amounts falling due after more than one year

(420,000

)

-

PROVISIONS FOR LIABILITIES

(353

)

-

NET ASSETS

46,078

3

CAPITAL AND RESERVES

Called up share capital

4

3

3

Profit and loss account

46,075

-

SHAREHOLDERS' FUNDS

46,078

3

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 August 2015 and were signed on its behalf by:

A Barlow - Director

H Smith - Director

D Beattie - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

450,000

At 31 March 2015

450,000

AMORTISATION

Amortisation for period

22,500

At 31 March 2015

22,500

NET BOOK VALUE

At 31 March 2015

427,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

15,307

At 31 March 2015

15,307

DEPRECIATION

Charge for period

1,914

At 31 March 2015

1,914

NET BOOK VALUE

At 31 March 2015

13,393

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

30.9.14

value:

£

£

3

Ordinary

1

3

3