Quality Ceramics Limited - Accounts to registrar - small 16.3d
Quality Ceramics Limited - Accounts to registrar - small 16.3d
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2016 |
| for |
| Quality Ceramics Limited |
| Quality Ceramics Limited (Registered number: 08454661) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2016 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Quality Ceramics Limited |
| Company Information |
| for the Year Ended 31st March 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Gloucester House |
| Church Walk |
| Burgess Hill |
| West Sussex |
| RH15 9AS |
| BANKERS: |
| Leicester |
| Leicestershire |
| LE87 2BB |
| Quality Ceramics Limited (Registered number: 08454661) |
| Statement of Financial Position |
| 31st March 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Quality Ceramics Limited (Registered number: 08454661) |
| Statement of Financial Position - continued |
| 31st March 2016 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| Quality Ceramics Limited (Registered number: 08454661) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2016 |
| 1. | STATUTORY INFORMATION |
| Quality Ceramics Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
| rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of |
| the lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Quality Ceramics Limited (Registered number: 08454661) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2016 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1st April 2015 |
| and 31st March 2016 |
| DEPRECIATION |
| At 1st April 2015 |
| Charge for year |
| At 31st March 2016 |
| NET BOOK VALUE |
| At 31st March 2016 |
| At 31st March 2015 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st April 2015 |
| and 31st March 2016 |
| DEPRECIATION |
| At 1st April 2015 |
| Charge for year |
| At 31st March 2016 |
| NET BOOK VALUE |
| At 31st March 2016 |
| At 31st March 2015 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Quality Ceramics Limited (Registered number: 08454661) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2016 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts (see note 8) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Hire purchase contracts (see note 8) |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 2016 | 2015 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable |
| operating leases |
| 2016 | 2015 |
| £ | £ |
| Within one year | 2,640 | - |
| 9. | PROVISIONS FOR LIABILITIES |
| 2016 | 2015 |
| £ | £ |
| Deferred tax | 12,805 | 16,015 |
| Quality Ceramics Limited (Registered number: 08454661) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2016 |
| 9. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1st April 2015 |
| Accelerated Capital Allowances | (3,210 | ) |
| Balance at 31st March 2016 |