QUICKQUOTE_LIMITED - Accounts

QUICKQUOTE LIMITED - Company Information

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Company Registration No. 02529022 (England and Wales)

QUICKQUOTE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

QUICKQUOTE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

QUICKQUOTE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

81,631

83,315

Current assets

Stocks

300,619

210,334

Debtors

8,791

9,624

Cash at bank and in hand

303,682

314,058

613,092

534,016

Creditors: amounts falling due within one year

(536,957)

(471,083)

Net current assets

76,135

62,933

Total assets less current liabilities

157,766

146,248

157,766

146,248

Capital and reserves

Called up share capital

100

Profit and loss account

157,666

146,148

Shareholders' funds

157,766

146,248

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 November 2015

D J Tillyard

Mrs V M Tillyard

Director

Company Registration No. 02529022

QUICKQUOTE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for computer system design services and the rental and sale of property net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Amortised over the length of the lease

Fixtures, fittings & equipment

25% per annum of cost

Motor vehicles

20% per annum of net book value

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

QUICKQUOTE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 July 2014

86,677

Additions

417

At 30 June 2015

87,094

Depreciation

At 1 July 2014

3,362

Charge for the year

2,101

At 30 June 2015

5,463

Net book value

At 30 June 2015

81,631

At 30 June 2014

83,315

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100