Quick Home Ltd - Period Ending 2016-03-31

Registration number: 08673549

Quick Home Ltd

Unaudited Abbreviated Accounts

for the period from 1 October 2015 to 31 March 2016

 

Russell Phillips
Chartered Accountants
21/23 Station Road
Gerards Cross
Buckinghamshire
SL9 8ES

Quick Home Ltd
(Registration number: 08673549)
Unaudited financial statements
Abbreviated balance sheet as at 31 March 2016

		Note			31 March 2016						30 September 2015
	£			£			£			£
Fixed assets
Tangible fixed assets								2,000,751						896
Current assets
Stocks					513,355						-
Debtors					60						7,672
Cash at bank and in hand					18,593						19,107
					532,008						26,779
Creditors: Amounts falling due within one year					(513,191)						(2,786)
Net current assets								18,817						23,993
Net assets								2,019,568						24,889
Capital and reserves
Called up share capital		3			2,000,000						-
Profit and loss account					19,568						24,889
Shareholders' funds								2,019,568						24,889

For the year ending 31 March 2016 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved by the director on 6 September 2016

Anton Khripko
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Quick Home Ltd
Unaudited financial statements
Notes to the abbreviated accounts for the Period from 1 October 2015 to 31 March 2016

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

No directors remuneration was paid during the period (2015 £nil).

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		1,194			1,194
Additions		2,000,000			2,000,000
At 31 March 2016		2,001,194			2,001,194
Depreciation
At 1 October 2015		298			298
Charge for the period		145			145
At 31 March 2016		443			443
Net book value
At 31 March 2016		2,000,751			2,000,751
At 30 September 2015		896			896

Page 2

Quick Home Ltd
Unaudited financial statements
Notes to the abbreviated accounts for the Period from 1 October 2015 to 31 March 2016

3	Share capital

Allotted, called up and fully paid shares

	31 March 2016						30 September 2015
		No.			£			No.			£
Ordinary shares of £ 1 each		2,000,000			2,000,000			1			1

£2,000,000 ordinary shares of £1 each were issued in exchange for a property named Craven Court.

Page 3