Accounts filed on 31-03-2016


Registered number: 07722591






Quickstore (Saltash) Ltd


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016
























Prepared By:
Deepblue Accountants Ltd
Chartered Certified Accountants
10 Alvington Street
Plymouth
Devon
PL4 0QL


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31 March 2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 07722591


Registered Number: 07722591

BALANCE SHEET AT 31 MARCH 2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Tangible assets	2		98,729		114,826

CURRENT ASSETS
Stock		1,777		1,309
Debtors (amounts falling due within one year)	3	22,637		20,846
Cash at bank and in hand		69,886		65,120
		94,300		87,275
CREDITORS: Amounts falling due within one year		71,677		68,275
NET CURRENT ASSETS			22,623		19,000
TOTAL ASSETS LESS CURRENT LIABILITIES			121,352		133,826


CREDITORS: Amounts falling due after more than one year	4		301,134		348,180

NET LIABILITIES			(179,782)		(214,354)

CAPITAL AND RESERVES

Called up share capital	5		2,000		2,000
Profit and loss account			(181,782)		(216,354)
SHAREHOLDERS' FUNDS			(179,782)		(214,354)

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 21 December 2016 and signed on their behalf by




Mrs B Richards
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Going Concern
These financial statements have been prepared on a going concern basis. The company has produced a loss in this financial period of £567 (2015: £46,639) and has net liabilities at 31 March 2016 of £214,921 (2015: £214,354). In the opinion of the directors, the going concern basis, which assumes the continued support of the company's directors is considered appropriate.




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land And Buildings		reducing balance 15%
Plant and Machinery		straight line 10%
Fixtures and Fittings		straight line 20%
Equipment		straight line 25%




1d. Stocks
Stock and work in progress are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1f. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.




3. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Trade debtors	13,581	14,335
Other debtors	9,056	6,511
	22,637	20,846




4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2016	2015
	£	£
Trade creditors	195,715	238,065
Other creditors	105,419	110,115
	301,134	348,180




5. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
2000 Ordinary shares of £1.00 each	2000	2000
	2,000	2,000




6. RELATED PARTY TRANSACTIONS
As at 31 March 2016, the director Mrs S A Richards, was owed £89,056 (2015: £104,768) by the company.
As at 31 March 2016, the director Mrs B Richards, was owed £106,659 (2015: £133,297) by the company.




7. OPERATING LEASE COMMITMENTS
At 31 March 2016 the company had annual commitments under non-cancellable operating leases as follows:


	2016	2015
	£	£
Expiry date:
Within 1 year	-	-
Between 2-5 years	32,104	32,104
After more than 5 years	44,000	48,000




8. CONTROLLING PARTY
During the year, the company was under the control of Mrs S A Richards and Mrs B Richards by virtue of their shareholdings.