Abbreviated Company Accounts - QT HOMES LTD

Registered Number 04439024

QT HOMES LTD

Abbreviated Accounts

31 May 2015

QT HOMES LTD Registered Number 04439024

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,059,200	1,052,890
		1,059,200	1,052,890
Current assets
Debtors		3,212	2,162
Cash at bank and in hand		7,025	3,574
		10,237	5,736
Creditors: amounts falling due within one year		(225,630)	(230,800)
Net current assets (liabilities)		(215,393)	(225,064)
Total assets less current liabilities		843,807	827,826
Creditors: amounts falling due after more than one year		(892,695)	(892,695)
Total net assets (liabilities)		(48,888)	(64,869)
Capital and reserves
Called up share capital		6	6
Other reserves		(136,825)	(143,135)
Profit and loss account		87,931	78,260
Shareholders' funds		(48,888)	(64,869)

For the year ending 31 May 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 8 January 2016

And signed on their behalf by:
Melissa Maycock, Director

QT HOMES LTD Registered Number 04439024

Notes to the Abbreviated Accounts for the period ended 31 May 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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 20% straight line
Motor vehicles - 25% straight line

2Tangible fixed assets

	£
Cost
At 1 June 2014	1,174,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	1,174,500
Depreciation
At 1 June 2014	121,610
Charge for the year	-
On disposals	(6,310)
At 31 May 2015	115,300
Net book values
At 31 May 2015	1,059,200
At 31 May 2014	1,052,890