Abbreviated Company Accounts - QUALITY FIRE PROTECTION LTD

Abbreviated Company Accounts - QUALITY FIRE PROTECTION LTD

QUALITY FIRE PROTECTION LTD - Company Information

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Registered Number 04681914

QUALITY FIRE PROTECTION LTD

Abbreviated Accounts

28 February 2016

QUALITY FIRE PROTECTION LTD Registered Number 04681914

Abbreviated Balance Sheet as at 28 February 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 6,372 5,307
6,372 5,307
Current assets
Stocks 435 525
Debtors 12,106 10,091
Cash at bank and in hand 16,056 7,090
28,597 17,706
Creditors: amounts falling due within one year (24,371) (11,790)
Net current assets (liabilities) 4,226 5,916
Total assets less current liabilities 10,598 11,223
Total net assets (liabilities) 10,598 11,223
Capital and reserves
Called up share capital 1,700 1,700
Profit and loss account 8,898 9,523
Shareholders' funds 10,598 11,223
  • For the year ending 28 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 November 2016

And signed on their behalf by:
Mr John Audoire, Director

QUALITY FIRE PROTECTION LTD Registered Number 04681914

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Depreciation is calculated to write off the cost of tangible fixed assets by annual installments over their estimated useful lives based on the net book value of assets owned at the beginning of the year and the cost of assets acquired during the year as follows: Office Equipment - 18% Reducing balance Motor vehicles - 18% Reducing balance.

Valuation information and policy
Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets
£
Cost
At 1 March 2015 9,044
Additions 2,250
Disposals -
Revaluations -
Transfers -
At 28 February 2016 11,294
Depreciation
At 1 March 2015 3,737
Charge for the year 1,185
On disposals -
At 28 February 2016 4,922
Net book values
At 28 February 2016 6,372
At 28 February 2015 5,307