Abbreviated Company Accounts - QUEST LOGISTICS LIMITED

QUEST LOGISTICS LIMITED - Company Information

07987985 QUEST LOGISTICS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 07987985 2015-04-01 2016-03-31 07987985 2016-03-31 07987985 2015-03-31 07987985 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07987985 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 07987985

QUEST LOGISTICS LIMITED

Abbreviated Accounts

31 March 2016

QUEST LOGISTICS LIMITED Registered Number 07987985

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	21,000	22,000
Tangible assets	3	132,298	80,821
		153,298	102,821
Current assets
Debtors	4	197,683	137,510
Cash at bank and in hand		50,199	11,736
		247,882	149,246
Creditors: amounts falling due within one year	5	(90,331)	(85,231)
Net current assets (liabilities)		157,551	64,015
Total assets less current liabilities		310,849	166,836
Creditors: amounts falling due after more than one year	5	(83,741)	(35,507)
Provisions for liabilities		(3,514)	0
Total net assets (liabilities)		223,594	131,329
Capital and reserves
Called up share capital	6	1,000	1,000
Profit and loss account		222,594	130,329
Shareholders' funds		223,594	131,329

For the year ending 31 March 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 28 November 2016

And signed on their behalf by:
Nicholas Barber, Director

QUEST LOGISTICS LIMITED Registered Number 07987985

Notes to the Abbreviated Accounts for the period ended 31 March 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.

2Intangible fixed assets

	£
Cost
At 1 April 2015	25,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	25,000
Amortisation
At 1 April 2015	3,000
Charge for the year	1,000
On disposals	-
At 31 March 2016	4,000
Net book values
At 31 March 2016	21,000
At 31 March 2015	22,000

Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write
off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years.
Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an
asset may not be fully recoverable

3Tangible fixed assets

	£
Cost
At 1 April 2015	118,622
Additions	101,113
Disposals	(17,290)
Revaluations	-
Transfers	-
At 31 March 2016	202,445
Depreciation
At 1 April 2015	37,801
Charge for the year	39,262
On disposals	(6,916)
At 31 March 2016	70,147
Net book values
At 31 March 2016	132,298
At 31 March 2015	80,821

All fixed assets are initially recorded at cost Depreciation is calculated so as to write off the cost
of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Plant -
Commercial Vans - Straight Line 20%
Plant - forklift truck - Straight Line 20%

4Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	0	0

Debtors are made up of amounts due within 1 year

5Creditors

	2016 £	2015 £
Secured Debts	37,685	25,920

6Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000

Ordinary Shares