QRO Global Ltd - Limited company - abbreviated - 11.9

QRO Global Ltd - Limited company - abbreviated - 11.9

QRO GLOBAL LTD - Company Information

Print Friendly Version

07877172 1.1.15 31.12.15 31.12.15 Company accounts Private Limited Company FY true false true false false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure078771722014-12-31078771722015-12-31078771722015-01-012015-12-31078771722013-12-31078771722014-01-012014-12-31078771722014-12-3107877172ns12:England2015-01-012015-12-3107877172ns14:PoundSterling2015-01-012015-12-3107877172ns7:Director12015-01-012015-12-3107877172ns7:OrdinaryShareClass12015-01-012015-12-3107877172ns5:PlantMachinery2015-01-012015-12-3107877172ns7:OrdinaryShareClass12015-12-3107877172ns7:OrdinaryShareClass12014-12-31
REGISTERED NUMBER: 07877172 (England and Wales)












Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

QRO Global Ltd

QRO Global Ltd (Registered number: 07877172)

Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

QRO Global Ltd (Registered number: 07877172)

Abbreviated Balance Sheet
31 December 2015

31/12/15 31/12/14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 344 458

CURRENT ASSETS
Cash at bank 6,466 246

CREDITORS
Amounts falling due within one year 8,973 6,321
NET CURRENT LIABILITIES (2,507 ) (6,075 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(2,163		 )
(5,617		 )

PROVISIONS FOR LIABILITIES 69 92
NET LIABILITIES (2,232 ) (5,709 )

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account (2,233 ) (5,710 )
SHAREHOLDERS' FUNDS (2,232 ) (5,709 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 9 September 2016 and were signed by:




M Denton - Director


The notes form part of these abbreviated accounts

Page 1
QRO Global Ltd (Registered number: 07877172)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective April 2008).

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 net invoiced sales of services, excluding value added tax, except in respect of service
contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance

Deferred tax
The charge for taxation takes into account taxation deferred as a result of timing differences between the
treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in
respect of all timing differences that have originated but not reversed at the balance sheet date. However,
deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that
they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred
taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing
differences are expected to reverse, based on the tax rates and laws that have been enacted by the balance sheet
date.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 1,414
DEPRECIATION
At 1 January 2015 956
Charge for year 114
At 31 December 2015 1,070
NET BOOK VALUE
At 31 December 2015 344
At 31 December 2014 458

Page 2 continued...
QRO Global Ltd (Registered number: 07877172)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/15 31/12/14
value: £    £   
1 Ordinary Shares £1 each 1 1

Page 3