QP Interiors Limited - Limited company - abbreviated - 11.6

QP Interiors Limited - Limited company - abbreviated - 11.6

QP INTERIORS LIMITED - Company Information

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Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

QP Interiors Limited

QP Interiors Limited (Registered number: 04893028)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

QP Interiors Limited

Company Information
for the Year Ended 31 March 2015







DIRECTORS: Mr R J Stacey
Mr S Stacey





SECRETARY: Mr R J Stacey





REGISTERED OFFICE: Queens Chambers
Eleanors Cross
Dunstable
Bedfordshire
LU6 1SU





REGISTERED NUMBER: 04893028 (England and Wales)





ACCOUNTANTS: BeyondProfit
Queens Chambers
Eleanors Cross
Dunstable
Bedfordshire
LU6 1SU
Page 1
QP Interiors Limited (Registered number: 04893028)

Abbreviated Balance Sheet
31 March 2015

31.3.15 31.3.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 160,000 180,000
Tangible assets 3 47,778 51,789
207,778 231,789

CURRENT ASSETS
Stocks 34,500 34,500
Debtors 21,981 16,499
Cash at bank and in hand 177,378 159,475
233,859 210,474
CREDITORS
Amounts falling due within one year 89,038 82,602
NET CURRENT ASSETS 144,821 127,872
TOTAL ASSETS LESS CURRENT
LIABILITIES
352,599
359,661

CREDITORS
Amounts falling due after more than one
year
-
(29,971		 )

PROVISIONS FOR LIABILITIES (9,060 ) (9,753 )
NET ASSETS 343,539 319,937

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 343,439 319,837
SHAREHOLDERS' FUNDS 343,539 319,937

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

The members have not required the company to obtain an audit of its financial statements for the year 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 notes form part of these abbreviated accounts

Page 2 continued...
QP Interiors Limited (Registered number: 04893028)

Abbreviated Balance Sheet - continued
31 March 2015


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 8 October 2015 and were signed on its
behalf by:





Mr R J Stacey - Director


The notes form part of these abbreviated accounts

Page 3
QP Interiors Limited (Registered number: 04893028)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2015

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 bathroom equipment, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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

Improvements to property - 20 years
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete
and slow moving items. The directors review stock values on a regular basis, and at the accounting
year-end.

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
At 1 April 2014
and 31 March 2015 400,000
AMORTISATION
At 1 April 2014 220,000
Amortisation for year 20,000
At 31 March 2015 240,000
NET BOOK VALUE

At 31 March 2015 160,000
At 31 March 2014 180,000

Page 4 continued...
QP Interiors Limited (Registered number: 04893028)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 116,399
Additions 1,250
At 31 March 2015 117,649
DEPRECIATION
At 1 April 2014 64,610
Charge for year 5,261
At 31 March 2015 69,871
NET BOOK VALUE
At 31 March 2015 47,778
At 31 March 2014 51,789

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.15 31.3.14
value: £    £   
100 Ordinary 1 100 100

Page 5