QCF Developments Limited - Limited company - abbreviated - 11.6
QCF Developments Limited - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2015 |
FOR |
QCF DEVELOPMENTS LIMITED |
QCF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07485163) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the year ended 31 January 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
QCF DEVELOPMENTS LIMITED |
COMPANY INFORMATION |
for the year ended 31 January 2015 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
QCF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07485163) |
ABBREVIATED BALANCE SHEET |
31 January 2015 |
2015 | 2014 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
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. |
The financial statements were approved by the director on |
QCF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07485163) |
NOTES TO THE ABBREVIATED ACCOUNTS |
for the year ended 31 January 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 goods and services excluding value added tax. |
Tangible fixed assets |
All fixed assets are initially recorded at cost. |
Depreciation |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. |
Plant & Machinery - 25% on reducing balance basis |
Motor Vehicles - 25% on reducing balance basis. |
Deferred tax |
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods |
different from those in which they are included in the company's account. Deferred tax is provided in full on |
timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax |
rates that are expected to apply then the timing differences reverse, based on current tax rates and laws. |
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no |
commitment to sell the asset. |
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be |
recovered. Deferred tax assets and liabilities are not discounted. |
Leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2014 |
Additions |
At 31 January 2015 |
DEPRECIATION |
At 1 February 2014 |
Charge for year |
At 31 January 2015 |
NET BOOK VALUE |
At 31 January 2015 |
At 31 January 2014 |
QCF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07485163) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the year ended 31 January 2015 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | £1 |
4. | RELATED PARTY DISCLOSURES |
As at 31 January 2015 the company owed the director C. Churcher £46,001 (2014 : £31,651). |
During the year dividends of £30,000 were voted (2014 : £30,000). |