QUICKQUOTE_LIMITED - Accounts

QUICKQUOTE LIMITED - Company Information

Print Friendly Version

Company Registration No. 02529022 (England and Wales)

QUICKQUOTE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2016

QUICKQUOTE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

QUICKQUOTE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

80,232

81,631

Current assets

Stocks

416,112

300,619

Debtors

5,992

8,791

Cash at bank and in hand

144,956

303,682

567,060

613,092

Creditors: amounts falling due within one year

(523,288)

(536,957)

Net current assets

43,772

76,135

Total assets less current liabilities

124,004

157,766

Provisions for liabilities

(454)

123,550

157,766

Capital and reserves

Called up share capital

100

Profit and loss account

123,450

157,666

Shareholders' funds

123,550

157,766

For the financial Period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 2 September 2016

D J Tillyard

Mrs V M Tillyard

Director

Company Registration No. 02529022

QUICKQUOTE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2016

- 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 April 2008).

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 computer system design services and the rental and sale of property net of VAT and trade discounts.

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:

Land and buildings Leasehold

Amortised over the length of the lease

Fixtures, fittings & equipment

25% per annum of cost

Motor vehicles

20% per annum of net book value

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the Period they are payable.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

QUICKQUOTE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 July 2015 & at 31 March 2016

87,094

Depreciation

At 1 July 2015

5,463

Charge for the period

1,399

At 31 March 2016

6,862

Net book value

At 31 March 2016

80,232

At 30 June 2015

81,631

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100