E.W. Quick & A.E. Quick Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04731298 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

E.W. QUICK & A.E. QUICK LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

E W Quick

Mrs A E Quick

A E Quick

SECRETARY:

E W Quick

REGISTERED OFFICE:

Mitchells Chartered Accountants

St. John's House

Castle Street

Taunton

Somerset

TA1 4AY

REGISTERED NUMBER:

04731298 (England and Wales)

ACCOUNTANTS:

Mitchells Chartered Accountants

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

FIXED ASSETS

Intangible assets

2

274

-

Tangible assets

3

45,111

62,792

45,385

62,792

CURRENT ASSETS

Stocks

4,944

4,234

Debtors

321,794

278,900

Cash in hand

300

327,038

283,434

CREDITORS

Amounts falling due within one year

65,741

61,131

NET CURRENT ASSETS

261,297

222,303

TOTAL ASSETS LESS CURRENT
LIABILITIES

306,682

285,095

CAPITAL AND RESERVES

Called up share capital

4

300

Profit and loss account

306,382

284,795

SHAREHOLDERS' FUNDS

306,682

285,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 December 2016 and were signed on its behalf
by:

E W Quick - Director

1.	ACCOUNTING POLICIES

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.

Intangible fixed assets

Basic payment entitlements are capitalised as intangible assets. Amortisation will be provided on the straight line

method with the aim of writing off these entitlements over their expected useful life. The entitlements are

expected to have no value by 31 March 2020.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on cost, 12.5% on cost and 5% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

342

At 31 March 2016

342

AMORTISATION

Amortisation for year

68

At 31 March 2016

68

NET BOOK VALUE

At 31 March 2016

274

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

166,290

DEPRECIATION

At 1 April 2015

103,498

Charge for year

17,681

At 31 March 2016

121,179

NET BOOK VALUE

At 31 March 2016

45,111

At 31 March 2015

62,792

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

150

Ordinary

£1

150

"A" to "C"

£1

150

300