Quoin Environmental Developments Limited - Abbreviated accounts 16.1
Quoin Environmental Developments Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Quoin Environmental Developments Limited |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 March 2016 |
| Quoin Environmental Developments Limited (Registered number: 04331514) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Quoin Environmental Developments Limited |
| Company Information |
| for the Year Ended 31 March 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Quoin Environmental Developments Limited (Registered number: 04331514) |
| Abbreviated Balance Sheet |
| 31 March 2016 |
| 31.3.16 | 31.3.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Capital redemption reserve |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Quoin Environmental Developments Limited (Registered number: 04331514) |
| Abbreviated Balance Sheet - continued |
| 31 March 2016 |
| The financial statements were approved by the director on |
| Quoin Environmental Developments Limited (Registered number: 04331514) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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). |
| Accounting convention |
| The financial statements 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 net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Long leasehold improvements | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Office equipment | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| Quoin Environmental Developments Limited (Registered number: 04331514) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2016 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
| value: | £ | £ |
| Ordinary | 1 |
| 4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 March 2016 and |
| 31 March 2015: |
| 31.3.16 | 31.3.15 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| 5. | GOING CONCERN |
| The company meets its day to day working capital requirements through loans advanced by the |
| shareholders. The shareholders have given their assurance that these loans will not be repayable on |
| demand. |
| 6. | RELATED PARTY RELATIONSHIPS |
| During the year QED Properties charged the company rent of £25,400. |
| The company charged QED Properties management fees of £5,200 and recharged expenses of £301. |
| At 31 March 2016 QED Properties owed the company £14,357. |
| The director R Groucott is a partner in the QED Properties partnership. |