Accounts filed on 31-01-2016
Accounts filed on 31-01-2016
trueQuantum Seating Limited090530582016-01-31-733280-73228100100100-73228100-73228100-2931121004616180168506100910001007750303021988402198840Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover, which is attributable to one continuing activity, represents amounts invoiced, excluding value added tax, in respect of the sale of goods and services. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced, calculated by reference to the stage of completion.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Fixed Assets
All fixed assets are initially recorded at cost.
Going concern
The continuation of the company's affairs is dependant upon the support of the creditors. These accounts have been prepared on a going concern basis which assumes their continued support for the foreseeable future.
Plant & Machinery20% reducting balance0.2000274855027485554971054971274855027485554971054971Ordinary1001100100Ordinary11001001002016-05-24B.C. Townsendtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureQuantum Seating Limited2015-02-012016-01-31Quantum Seating Limited2014-02-012015-01-31Quantum Seating Limited2014-01-31Quantum Seating Limited2015-01-31Quantum Seating Limited2015-01-31Quantum Seating Limited2016-01-31 2016-06-02
