Quartz Hill Limited Accounts

QUARTZ HILL LIMITED - Company Information






Quartz Hill Limited
	Company No. 03794682
		Abbreviated Accounts
		05 April 2016

at	5 April 2016

Company No.		03794682	Notes	2016	2015
				£	£
Fixed assets

	Tangible assets		2	613	1,225

				613	1,225
Current assets



	Cash at bank and in hand			55,297	79,293
				55,297	79,293
Creditors: Amounts falling due within one year				(34,898)	(34,743)
Net current assets				20,399	44,550
Total assets less current liabilities				21,012	45,775




Net assets				21,012	45,775

Capital and reserves
	Called up share capital		3	2	2



	Profit and loss account			21,010	45,773

Shareholders' funds				21,012	45,775

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 5 April 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 05 January 2017

And signed on its behalf by:

R. Ambrose
Director
05 January 2017

for the year ended 5 April 2016

Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible fixed assets and depreciation

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

Furniture, fittings and equipment

33% Straight line basis

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts.
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
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.

Pension costs

Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

2	Fixed assets
		Tangible fixed assets	Total
		£	£
	Cost or revaluation
	At 6 April 2015	4,616	4,616




	At 5 April 2016	4,616	4,616
	Amortisation
	At 6 April 2015	3,391	3,391
	Charge for the year	612	612



	At 5 April 2016	4,003	4,003
	Net book values
	At 5 April 2016	613	613
	At 5 April 2015	1,225	1,225

3	Share Capital
		Nominal value	2016	2016	2015
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary	1.00	2	2	2




				2	2