Quintacare Limited - Limited company - abbreviated - 11.6
Quintacare Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 December 2014 |
| for |
| Quintacare Limited |
| Quintacare Limited (Registered number: 05726246) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 December 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Quintacare Limited |
| Company Information |
| for the Year Ended 31 December 2014 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| Quintacare Limited (Registered number: 05726246) |
| Abbreviated Balance Sheet |
| 31 December 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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. |
| Quintacare Limited (Registered number: 05726246) |
| Abbreviated Balance Sheet - continued |
| 31 December 2014 |
| The financial statements were approved by the director on |
| Quintacare Limited (Registered number: 05726246) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 December 2014 |
| 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 services and goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Long-term contracts |
| Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with |
| reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work |
| carried out at the year end, by recording turnover and related costs as contracts activity progresses. Turnover is |
| calculated as that proportion of total contract value which costs incurred to date bear to total expected costs |
| for that contract. Revenues derived from variations on contracts are recognised only when they have been |
| accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first |
| foreseen. |
| Going concern |
| During the year the company has achieved recognised turnover of £nil (2013: £125,000); the profit before |
| taxation was £1,076 (2013: £15,409), and, at 31 December 2014, cash funds were £4,290 (2013: £116,251) with |
| bank borrowings of £Nil (2013: £Nil). The company is supported by its shareholders, which have surplus funds |
| to assist Quintacare Limited, and the sale of the company's remaining development project since the year end |
| has realised sufficient profits to enable accumulated liabilities to be settled in full. |
| Accordingly, the financial statements have been prepared on a going concern basis as the directors consider |
| there are no material uncertainties which may affect the company's ability to continue. |
| Quintacare Limited (Registered number: 05726246) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 December 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2014 |
| Disposals | ( |
) |
| At 31 December 2014 |
| DEPRECIATION |
| At 1 January 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 December 2014 |
| NET BOOK VALUE |
| At 31 December 2014 |
| At 31 December 2013 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |