Quintical Ltd - Accounts

	Registered number
	08521380

	Quintical Ltd
	Abbreviated Unaudited Accounts
	for the year ended
	31 May 2015

	Notes		2015 £		2014 £
Fixed Assets	2
Tangible Assets			263		0
			263		0

Current Assets
Debtors		2,719		10,369
Cash at bank and in hand		705		45
		3,424		10,414

Creditors: amounts falling due within one year		44,818		37,097

Net Current Assets / (Liabilities)			(41,394)		(26,683)

Total Assets Less Current Liabilities			(41,131)		(26,683)

Creditors: amounts falling due after more than one year			134,498		14,500

Total Net Assets (Liabilities)			(175,629)		(41,183)

Capital and reserves
Called up share capital	3		1		1
Profit & Loss Account			(175,630)		(41,184)
Shareholders' Funds			(175,629)		(41,183)

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 31 May 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.

Signed on behalf of the board of directors

...............................

Mr A Chesney

Director

Approved by the board on 21 May 2016

Accounting policies

Basis of accounting
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Going concern basis of accounting

The accounts have been prepared on the going concern basis, despite the fact that liabilities exceeded assets at the balance sheet date. The director has given an undertaking to support the company until it returns to a net assets position.

Turnover

Turnover represents net invoiced sales of goods, excluding VAT having regard to the fulfilment of contractual obligations.

Tangible fixed assets depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

25% Straight Line

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.	Fixed assets

	Tangible Fixed Assets	Total
Cost	£	£
At 31 May 2014	0	0
Additions	351	351
At 31 May 2015	351	351

Depreciation
At 31 May 2014	0	0
Charge for period	88	88
At 31 May 2015	88	88

Net book values
At 31 May 2015	263	263
At 31 May 2014	0	0

Share capital
	2015	2014
	£	£
Allotted, called up and fully paid:
1 (2014: 1) Ord shares of £1.00 each	1	1

	1	1

4.	Transactions with directors
	The company had an outstanding directors loan in the name of Mr Alasdair Chesney of £1,197 (2014: £8,327) at the year end. This is included in liabilities to related parties.