Abbreviated Company Accounts - QUALITANK SERVICES LIMITED

QUALITANK SERVICES LIMITED - Company Information

02472321 QUALITANK SERVICES LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 02472321 2014-04-01 2015-03-31 02472321 2015-03-31 02472321 2014-03-31 02472321 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 02472321 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director3 2014-03-31 iso4217:GBP shares

Registered Number 02472321

QUALITANK SERVICES LIMITED

Abbreviated Accounts

31 March 2015

QUALITANK SERVICES LIMITED Registered Number 02472321

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,150,585	1,202,314
		1,150,585	1,202,314
Current assets
Debtors		141,848	179,380
Cash at bank and in hand		199,792	122,951
		341,640	302,331
Creditors: amounts falling due within one year		(69,449)	(94,912)
Net current assets (liabilities)		272,191	207,419
Total assets less current liabilities		1,422,776	1,409,733
Provisions for liabilities		(100,262)	(99,665)
Total net assets (liabilities)		1,322,514	1,310,068
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		1,321,514	1,309,068
Shareholders' funds		1,322,514	1,310,068

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 1 December 2015

And signed on their behalf by:
S J Darnell, Director

QUALITANK SERVICES LIMITED Registered Number 02472321

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Hire Tanks - 5% Straight Line
Improvements to Property - 15% Straight Line
Plant & Machinery - 5% Straight Line
Motor Vehicles - 20% Straight Line
Computer Equipment - 15% Straight Line

2Tangible fixed assets

	£
Cost
At 1 April 2014	1,606,992
Additions	88,077
Disposals	(76,113)
Revaluations	-
Transfers	-
At 31 March 2015	1,618,956
Depreciation
At 1 April 2014	404,678
Charge for the year	80,935
On disposals	(17,242)
At 31 March 2015	468,371
Net book values
At 31 March 2015	1,150,585
At 31 March 2014	1,202,314

3Transactions with directors

Name of director receiving advance or credit:	S J Darnell
Description of the transaction:	Net Movement
Balance at 1 April 2014:	-
Advances or credits made:	£ 19,139
Advances or credits repaid:	-
Balance at 31 March 2015:	£ 19,139

Included within other creditors is a directors loan account for S J Darnell amounting to £19,139
(2014 - £51,142). The loan bears no right to interest and has no set repayment terms.