| Quirkos Limited |
| Registered number: |
SC458174 |
| Abbreviated Balance Sheet |
| as at 30 September 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
273 |
|
|
410 |
|
| Current assets |
| Debtors |
|
|
694 |
|
|
694 |
| Cash at bank and in hand |
|
|
1,682 |
|
|
90 |
|
|
|
2,376 |
|
|
784 |
|
| Creditors: amounts falling due within one year |
|
|
(44,045) |
|
|
(35,225) |
|
| Net current liabilities |
|
|
|
(41,669) |
|
|
(34,441) |
|
| Net liabilities |
|
|
|
(41,396) |
|
|
(34,031) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
117 |
|
|
117 |
| Share premium |
|
|
|
24,007 |
|
|
24,007 |
| Profit and loss account |
|
|
|
(65,520) |
|
|
(58,155) |
|
| Shareholder's funds |
|
|
|
(41,396) |
|
|
(34,031) |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
| Daniel Turner |
| Director |
| Approved by the board on 12 December 2016 |
|
| Quirkos Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 September 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). The company made a loss in the year and at the balance sheet date had net liabilities. The director is of the opinion that the company will continue to be able to meet its financial commitments for the forseeable future. |
|
|
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 |
33.3% reducing balance |
|
|
Research and development |
|
Expenditure on development activities, where research findings are applied to a plan or design for the production of new or substantially improved products and processes, is capitalised if the product or process is technically and commercially feasible and the company has sufficient resources to complete development. Other development expenditure is written off in the year it is incurred. Capitalised development expenditure is treated as an intangible fixed asset and amortised over its estimated economic life. Amortisation commences on the commercial production or application of the product or process. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2015 |
615 |
|
At 30 September 2016 |
615 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2015 |
205 |
|
Charge for the year |
137 |
|
At 30 September 2016 |
342 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2016 |
273 |
|
At 30 September 2015 |
410 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£0.01 each |
|
11,716 |
|
117 |
|
117 |
|
|
|
|
|
|
|
|
|
