Quotient Associates Limited - Abbreviated accounts

QUOTIENT ASSOCIATES LIMITED - Company Information

Registered number

04374408

Quotient Associates Limited

Abbreviated Accounts

29 February 2016

Quotient Associates Limited
Registered number:		04374408
Abbreviated Balance Sheet
as at 29 February 2016

Notes			2016			2015
£				£
Current assets
Debtors		863			799
Cash at bank and in hand		58,096			67,484
		58,959			68,283

Creditors: amounts falling due within one year		(2,563)			(5,401)

Net current assets			56,396			62,882

Total assets less current liabilities			56,396			62,882

Creditors: amounts falling due after more than one year			(51,630)			(42,631)



Net assets			4,766			20,251

Capital and reserves
Called up share capital	3		200			200
Capital redemption reserve			400			400
Profit and loss account			4,166			19,651

Shareholder's funds			4,766			20,251

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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.



S G Methley
Director
Approved by the board on 7 October 2016

Quotient Associates Limited
Notes to the Abbreviated Accounts
for the year ended 29 February 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			33% straight line
	Motor vehicles			15% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Tangible fixed assets					£

	Cost
	At 1 March 2015					7,197
	At 29 February 2016					7,197

	Depreciation
	At 1 March 2015					7,197
	At 29 February 2016					7,197

	Net book value
	At 29 February 2016					-


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		200		200		200