QUITE_SOFTWARE_LIMITED - Accounts

QUITE SOFTWARE LIMITED - Company Information

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Company Registration No. 3247365 (England and Wales)

QUITE SOFTWARE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

QUITE SOFTWARE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

QUITE SOFTWARE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

27,228

28,217

Investments

163

27,391

28,380

Current assets

Debtors

47,927

36,262

Cash at bank and in hand

174,603

225,436

222,530

261,698

Creditors: amounts falling due within one year

(101,652)

(75,000)

Net current assets

120,878

186,698

Total assets less current liabilities

148,269

215,078

Provisions for liabilities

(3,878)

(4,043)

144,391

211,035

Capital and reserves

Called up share capital

Revaluation reserve

163

Profit and loss account

144,226

210,870

Shareholders' funds

144,391

211,035

QUITE SOFTWARE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2015

- 2 -

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 May 2016

Miss S Nicholson

Director

Company Registration No. 3247365

QUITE SOFTWARE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

2% on cost

Office equipment

25% on reducing balance

Fixtures, fittings & equipment

25% on reducing balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.8

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

QUITE SOFTWARE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 October 2014 & at 30 September 2015

75,678

163

75,841

Depreciation

At 1 October 2014

47,461

Charge for the year

989

At 30 September 2015

48,450

Net book value

At 30 September 2015

27,228

163

27,391

At 30 September 2014

28,217

163

28,380

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Related party relationships and transactions

The company was under the control of Mr A Inston and Ms S Nicholson throughout the current and prior periods.

Mr Inston and Ms Nicholson are both Directors of the company, and each holds 50% of the issued share capital.

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities (effective April 2008).