QA Fix Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07340298 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2014

for

QA FIX LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Cumming

SECRETARY:

M Cumming

REGISTERED OFFICE:

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

REGISTERED NUMBER:

07340298 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

2

263

75

CURRENT ASSETS

Debtors

11,220

9,410

Cash at bank

47,512

35,675

58,732

45,085

CREDITORS

Amounts falling due within one year

20,605

21,654

NET CURRENT ASSETS

38,127

23,431

TOTAL ASSETS LESS CURRENT LIABILITIES

38,390

23,506

PROVISIONS FOR LIABILITIES

48

-

NET ASSETS

38,342

23,506

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

38,242

23,406

SHAREHOLDERS' FUNDS

38,342

23,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 September 2014 and were signed by:

M Cumming - 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 April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

-

25% on cost

Deferred tax

Deferred tax is provided in full on timing differences which result in an obligation at the Balance Sheet date to

pay more tax, or a right to pay less tax, at a future date at rates expected to apply when they crystallise based on

current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in

taxation computations in periods different from those in which they are included in the financial statements.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be

recovered. Deferred tax assets and liabilities are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

100

Additions

350

Disposals

(100

)

At 31 August 2014

350

DEPRECIATION

At 1 September 2013

25

Charge for year

112

Eliminated on disposal

(50

)

At 31 August 2014

87

NET BOOK VALUE

At 31 August 2014

263

At 31 August 2013

75

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year Mr M Cumming's current account became overdrawn. The maximum amount overdrawn during

the year was £5,000 and the balance at the year end was £4,792. This has subsequently been repaid.