DAVEY_QP_SERVICES_LIMITED - Accounts

DAVEY QP SERVICES LIMITED - Company Information

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Company Registration No. 06773452 (England and Wales)

DAVEY QP SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

DAVEY QP SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DAVEY QP SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

176

353

Current assets

Debtors

48,990

53,197

Cash at bank and in hand

209,143

184,354

258,133

237,551

Creditors: amounts falling due within one year

(26,510)

(37,798)

Net current assets

231,623

199,753

Total assets less current liabilities

231,799

200,106

Provisions for liabilities

(36)

(71)

231,763

200,035

Capital and reserves

Called up share capital

Profit and loss account

231,759

200,031

Shareholders' funds

231,763

200,035

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 8 September 2016

Mr D J Davey

Director

Company Registration No. 06773452

DAVEY QP SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% straight line

Fixtures, fittings & equipment

20% straight line

1.5

Revenue recognition

Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

Fixed assets

Tangible assets

Cost

At 1 January 2015 & at 31 December 2015

3,533

Depreciation

At 1 January 2015

3,180

Charge for the year

177

At 31 December 2015

3,357

Net book value

At 31 December 2015

176

At 31 December 2014

353

DAVEY QP SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

4 ordinary shares of £1 each

Related party relationships and transactions

Loans to directors

The following director had a loan during the year. The movement on the loan is as follows:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr D Davey - current account

3.00

30,000

894

1,050

29,844

30,000

894

1,050

29,844