Abbreviated Company Accounts - QUARM SOLUTIONS LIMITED

QUARM SOLUTIONS LIMITED - Company Information

05247629 QUARM SOLUTIONS LIMITED 2015-10-31 false 2014-11-01 2015-10-31 true 05247629 2014-11-01 2015-10-31 05247629 2015-10-31 05247629 2014-10-31 05247629 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 05247629 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 iso4217:GBP shares

Registered Number 05247629

QUARM SOLUTIONS LIMITED

Abbreviated Accounts

31 October 2015

QUARM SOLUTIONS LIMITED Registered Number 05247629

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	5,867	7,822
		5,867	7,822
Current assets
Debtors		43,571	42,794
Cash at bank and in hand		30,635	30,464
		74,206	73,258
Creditors: amounts falling due within one year		(29,850)	(26,370)
Net current assets (liabilities)		44,356	46,888
Total assets less current liabilities		50,223	54,710
Creditors: amounts falling due after more than one year		(4,231)	(4,231)
Provisions for liabilities		(1,173)	(1,564)
Total net assets (liabilities)		44,819	48,915
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		44,719	48,815
Shareholders' funds		44,819	48,915

For the year ending 31 October 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 9 March 2016

And signed on their behalf by:
C R Brown, Director

QUARM SOLUTIONS LIMITED Registered Number 05247629

Notes to the Abbreviated Accounts for the period ended 31 October 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 total invoice value, excluding value added tax, of services provided during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% reducing-balance
Motor vehicles - 25% reducing-balance

Other accounting policies
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

2Tangible fixed assets

	£
Cost
At 1 November 2014	12,776
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	12,776
Depreciation
At 1 November 2014	4,954
Charge for the year	1,955
On disposals	-
At 31 October 2015	6,909
Net book values
At 31 October 2015	5,867
At 31 October 2014	7,822

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100