QuayFive Limited - Period Ending 2016-03-31

31 March 2016

Ordinary shares of £1 each

Registration number: 9397858

QuayFive Limited

Annual Report and Unaudited Abbreviated Accounts

for the Period from 20 January 2015 to 31 March 2016

QuayFive Limited
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 4

QuayFive Limited
(Registration number: 9397858)
Abbreviated Balance Sheet at 31 March 2016

	Note	31 March 2016 £
Fixed assets
Tangible fixed assets		1,307
Current assets
Debtors		25,078
Cash at bank and in hand		23,818
		48,896
Creditors: Amounts falling due within one year		(32,989)
Net current assets		15,907
Total assets less current liabilities		17,214
Provisions for liabilities		(70)
Net assets		17,144
Capital and reserves
Called up share capital	3	100
Profit and loss account		17,044
Shareholders' funds		17,144

For the year ending 31 March 2016 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 director acknowledges her 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 .

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

QuayFive Limited
(Registration number: 9397858)
Abbreviated Balance Sheet at 31 March 2016
......... continued

Approved by the director on 12 May 2016

.........................................
Mrs AK Bashforth
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

QuayFive Limited
Notes to the Abbreviated Accounts for the Period from 20 January 2015 to 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Trading income is recognised when the company earns the right to consideration, in exchange for performance of a contract.

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% on cost

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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.

Page 3

QuayFive Limited
Notes to the Abbreviated Accounts for the Period from 20 January 2015 to 31 March 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
Additions	1,634	1,634
At 31 March 2016	1,634	1,634
Depreciation
Charge for the period	327	327
At 31 March 2016	327	327
Net book value
At 31 March 2016	1,307	1,307

3	Share capital

Allotted, called up and fully paid shares

New shares allotted

During the period 100 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. The shares allotted were initial subscriber shares, issued on incorporation.

Page 4