Quicksigns Limited - Accounts

				Quicksigns Limited
				Report and Accounts
				For the Period Ended
				30 April 2016
				Company Number
				04215646
				Quicksigns Limited
				Report and Accounts
				Year Ending 30 April 2016
Contents				Page
Company Information				2
Report of the Directors				3
Profit and Loss Account				4
Balance Sheet				5
Notes to the Accounts				6 to 7
				Company Information
				Director
				Jeff Angell
				Steve Angell
				Registered Office
				2 The Precinct
				Rest Bay
				Porthcawl
				Glamorgan
				CF36 3RF
				Quicksigns Limited
				Report of the Directors
The director presents a report and financial statements for the year ended 30 April 2016
				Principal Activities
The principal activity of the company is the provision of contract services.
				Directors
The directors who served during the period and their interest in the shares of the company at the
beginning and end of the period were as follows:
						Ordinary Shares of 1GBP each
					30 April 2016		30 April 2015
Jeff Angell					50		50
Steve Angell					50		50
				Small Company
Advantage has been taken of special exemptions applicable to small companies in the preparation
of this report
Registered Office					On behalf of the board
2 The Precinct
Rest Bay
Porthcawl					_________________
CF36 3RF					Jeff Angell
		This report was approved by the board on 1 September 2016 and signed on its behalf
				Quicksigns Limited
				Trading and Profit and Loss Account
				Year Ending 30 April 2016
					Note	2016		2015
					No.	£		£
Turnover					1	51973		51782
Less Cost of Sales						11111		9663
--------							--------
Gross Profit						40862		42119
Administrative Expenses						39961		43166
--------							--------
Operating Profit					2	901		-1047
Interest Received						0		0
Interest Payable						0		0
--------							--------
Profit on Ordinary Activities Before Taxation						901		-1047
Taxation					4	226		-143
--------							--------
Profit on Ordinary Activities After Taxation						675		-904
Dividends Paid						1800		0
--------							--------
Retained Surplus Transferred to Reserves					8	-1125		-904
=====							=====
				Total Recognised Gains And Losses
There are no other gains or losses for the year other than those going through the profit and loss
account.
				Continuing Activities
All income and expenses are from continuing activities.
				Quicksigns Limited
				Balance Sheet As At
				30 April 2016
				Note	2016	2016	2015	2015
				No.	£	£	£	£
Fixed Assets		Intangible Assets		5		0		0
		Tangible Assets		5		1595		2100
--------							--------
		Total Fixed Assets		5		1595		2100
Current Assets:
Stock					394		424
Trade debtors					6444		8304
Bank account					5573		4646
Corporation tax					0		143
--------						--------
					12411		13517
Creditors:
Amounts Falling due Within One Year				6	13928		14414
--------						--------
Net Current Assets						-1517		-897
--------							--------
Total Assets Less Current Liabilities						78		1203
=====							=====
Capital and Reserves						2016		2015
						£		£
Called up Share Capital				7		100		100
Profit and Loss Account				8		-22		1103
--------							--------
Shareholders Funds				8		78		1203
=====							=====
The financial statements are hereby approved by the board of directors.

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit

under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act

2006 with respect to accounting records and the preperation of accounts. This statement fully complies

with section 475 of the Companies Act 2006.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006

applicable to companies subject to the small companies regime.

		Jeff Angell						1 September 2016
____________________		(director)				_________________ Date
				Quicksigns Limited
				Notes to the Accounts
				Year Ending 30 April 2016
1. Accounting Policies

(a) The accounts have been prepared under the Historical Cost Convention. The principal policies
which the directors have adopted within that convention are set out below.
(b) Depreciation is provided on tangible fixed assets each year in order to write their value down
over their estimated lives. The rates that apply are as follows:
Office equipment			15%
Plant and equipment			20%
Motor Vehicle			25%
(c) The charge for taxation is based on the profit for the year and takes into account taxation
deferred because of timing differences between the treatment of certain items for accounting and
taxation purposes. Provision for deferred taxation is made under the liability method only to the
extent that it is probable that the liability will become payable in the foreseeable future.

(d) Turnover is stated as invoices issued, net of value added tax payable.

2. Operating Profit						2016		2015
						£		£
Operating profit is arrived at after charging:
Depreciation on tangible fixed assets						505		667
3. Directors Emoluments
The amounts received by the directors were as follows:
Management remuneration						20818		20093
4. Deferred Tax
No provision has been made in respect of deferred taxation. The total potential provision
would have been nil.
5. Fixed Assets		Intangible
Fixed Asset					Tangible Fixed Assets
					Plant &	Office		Total
Cost		Goodwill	Cost		Equipment	Equipment		£
Opening balance		0	Opening balance		3850	454		4304
Additions		0	Additions		0	0		0
Disposals		0	Revaluations		0	0		0
Closing balance		0	Closing balance		3850	454		4304
Depreciation				Depreciation
Opening balance		0	Opening balance		3704	324		4028
Charge for the year		0	Charge for the year		29	20		49
Disposals		0	Revaluations		0	0		0
Closing balance		0	Closing balance		3733	344		4077
Net Book Value				Net Book Value
Closing balance		0	Closing balance		117	110		227
				Quicksigns Limited
				Notes to the Accounts (Continued)
				Year Ending 30 April 2016
6. Creditors: due within one year.						2016		2015
						£		£
Creditors and accruals						1130		1378
Corporation tax						83		0
Paye and ni						800		500
VAT						830		1191
Directors loan account						10243		10196
----------							----------
						13928		14414
======							======
7. Share Capital
Allocated, called up and fully paid
Ordinary shares of one GBP each						100		100
======							======
8. Shareholders Funds					Share	Profit &	Shareholders
					Capital	Loss a/c		Funds
					£	£		£
Opening balance					100	1103		1203
Results for the year					0	-1125		-1125
----------						----------	----------
28 February 2016					100	-22		78
======						======	======
9. Controlling Parties
A director and a controlling party of the company within the definition contained in FRS 8 is identified as:
Jeff Angell		Steve Angell
				This is the end of the statutory financial statements