Quay Systems (Air Conditioning) Limited - Period Ending 2015-06-30

Registration number: 03972299

Quay Systems (Air Conditioning) Limited

Annual Report and Unaudited Accounts

for the Year Ended 30 June 2015
 

Sandwell Accountancy Services Limited
Certified Public Accountants
Old Bank Buildings
Upper High Street
Cradley Heath
West Midlands
B64 5HY

Quay Systems (Air Conditioning) Limited
(Registration number: 03972299)
Balance Sheet at 30 June 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			249			249
Current assets
Debtors		3			1,564			1,564
Cash at bank and in hand					433			433
					1,997			1,997
Creditors: Amounts falling due within one year		4			(1,890)			(1,890)
Net current assets					107			107
Net assets					356			356
Capital and reserves
Called up share capital		5			4			4
Profit and loss account					352			352
Shareholders' funds					356			356

For the year ending 30 June 2015 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

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.

Approved by the Board on 1 March 2016 and signed on its behalf by:

......................................... Mr N Caisley Director

......................................... Mr A J Wheeler Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Quay Systems (Air Conditioning) Limited
Notes to the financial statements for the Year Ended 30 June 2015
......... continued

1	Accounting policies

Trading status

The company was dormant and has not traded during the year.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	20% Reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Tangible fixed assets

		Office equipment £			Total £
Cost or valuation
At 1 July 2014		389			389
Depreciation
At 1 July 2014		140			140
Net book value
At 30 June 2015		249			249
At 30 June 2014		249			249

3

Debtors

		2015 £			2014 £
Other debtors		1,564			1,564

Page 2

Quay Systems (Air Conditioning) Limited
Notes to the financial statements for the Year Ended 30 June 2015
......... continued

4	Creditors: Amounts falling due within one year

		2015 £			2014 £
Other creditors		1,890			1,890

5	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		4			4			4			4

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