Abbreviated Company Accounts - QB CONTRACTS LTD

NI605742 QB CONTRACTS LTD 2015-02-28 false 2014-03-01 2015-02-28 true NI605742 2014-03-01 2015-02-28 NI605742 2015-02-28 NI605742 2014-02-28 NI605742 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 NI605742 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number NI605742

QB CONTRACTS LTD

Abbreviated Accounts

28 February 2015

QB CONTRACTS LTD Registered Number NI605742

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	412,446	418,478
Investments		-	-
		412,446	418,478
Current assets
Stocks		240,779	475,430
Debtors		232,185	94,096
Investments		-	-
Cash at bank and in hand		106,541	92,964
		579,505	662,490
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(461,270)	(610,406)
Net current assets (liabilities)		118,235	52,084
Total assets less current liabilities		530,681	470,562
Creditors: amounts falling due after more than one year		(97,792)	(95,906)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		432,889	374,656
Capital and reserves
Called up share capital	3	2	2
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		432,887	374,654
Shareholders' funds		432,889	374,656

For the year ending 28 February 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 11 April 2016

And signed on their behalf by:
Peter Quinn, Director

QB CONTRACTS LTD Registered Number NI605742

Notes to the Abbreviated Accounts for the period ended 28 February 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 sales made during the year.

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 like, as follows:
Plant and machinery - 20% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 March 2014	653,320
Additions	97,079
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	750,399
Depreciation
At 1 March 2014	234,842
Charge for the year	103,111
On disposals	-
At 28 February 2015	337,953
Net book values
At 28 February 2015	412,446
At 28 February 2014	418,478

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

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2