Quality Steel Fabrications Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05601395 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

QUALITY STEEL FABRICATIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr S Pike

REGISTERED OFFICE:

First Floor

5 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

REGISTERED NUMBER:

05601395 (England and Wales)

ACCOUNTANTS:

GKP (Ampthill) Limited

Chartered Accountants

First Floor

5 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

FIXED ASSETS

Tangible assets

2

21,228

24,359

CURRENT ASSETS

Debtors

198,792

203,311

Cash at bank

-

23,123

198,792

226,434

CREDITORS

Amounts falling due within one year

3

41,935

51,031

NET CURRENT ASSETS

156,857

175,403

TOTAL ASSETS LESS CURRENT
LIABILITIES

178,085

199,762

PROVISIONS FOR LIABILITIES

4,245

4,872

NET ASSETS

173,840

194,890

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

173,838

194,888

SHAREHOLDERS' FUNDS

173,840

194,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 July 2016 and were signed by:

Mr S Pike - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents sales of goods and services, excluding value added tax and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

56,837

Additions

3,839

At 31 October 2015

60,676

DEPRECIATION

At 1 November 2014

32,478

Charge for year

6,970

At 31 October 2015

39,448

NET BOOK VALUE

At 31 October 2015

21,228

At 31 October 2014

24,359

3.

CREDITORS

Creditors include an amount of £ 0 (2014 - £ 1,604 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2