| RE Quinn Architects Ltd |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of RE Quinn Architects Ltd for the year ended 31 March 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of RE Quinn Architects Ltd for the year ended 31 March 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
| We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements. |
| This report is made solely to the Board of Directors of RE Quinn Architects Ltd, as a body, in accordance with the terms of our engagement letter dated 3 July 2012. Our work has been undertaken solely to prepare for your approval the accounts of RE Quinn Architects Ltd and state those matters that we have agreed to state to the Board of Directors of RE Quinn Architects Ltd, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RE Quinn Architects Ltd and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that RE Quinn Architects Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of RE Quinn Architects Ltd. You consider that RE Quinn Architects Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of RE Quinn Architects Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| Roger Morrison & Co Ltd |
| Chartered Accountants |
| 95 Cregagh Road |
| Belfast |
| BT6 8PY |
|
| 26 October 2016 |
|
| RE Quinn Architects Ltd |
| Registered number: |
NI068375 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
19,900 |
|
|
29,850 |
| Tangible assets |
3 |
|
|
6,615 |
|
|
6,371 |
|
|
|
|
26,515 |
|
|
36,221 |
|
| Current assets |
| Stocks |
|
|
40,200 |
|
|
37,759 |
| Debtors |
|
|
53,366 |
|
|
60,576 |
| Cash at bank and in hand |
|
|
5,031 |
|
|
1,552 |
|
|
|
98,597 |
|
|
99,887 |
|
| Creditors: amounts falling due within one year |
|
|
(102,044) |
|
|
(120,926) |
|
| Net current liabilities |
|
|
|
(3,447) |
|
|
(21,039) |
|
| Total assets less current liabilities |
|
|
|
23,068 |
|
|
15,182 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(21,384) |
|
|
- |
|
| Provisions for liabilities |
|
|
|
(1,323) |
|
|
(1,274) |
|
|
| Net assets |
|
|
|
361 |
|
|
13,908 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
261 |
|
|
13,808 |
|
| Shareholders' funds |
|
|
|
361 |
|
|
13,908 |
|
|
|
|
|
|
|
|
| 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. |
| The 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 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. |
|
|
|
| Mr. R. E. Quinn |
| Director |
| Approved by the board on 26 October 2016 |
|
| RE Quinn Architects Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 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. |
|
|
Office equipment |
20% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
99,500 |
|
At 31 March 2016 |
99,500 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2015 |
69,650 |
|
Provided during the year |
9,950 |
|
At 31 March 2016 |
79,600 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
19,900 |
|
At 31 March 2015 |
29,850 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
17,588 |
|
Additions |
2,333 |
|
At 31 March 2016 |
19,921 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
11,217 |
|
Charge for the year |
2,089 |
|
At 31 March 2016 |
13,306 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
6,615 |
|
At 31 March 2015 |
6,371 |
|
|
|
|
|
|
|
|
| 4 |
Loans |
2016 |
|
2015 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
28,216 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
