Accounts filed on 29-02-2016

Accounts filed on 29-02-2016

STC QUALITY LTD - Company Information

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STC QUALITY LTD

Company Registration Number:
07962012 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 March 2015

End date: 29 February 2016

STC QUALITY LTD

Contents of the Financial Statements

for the Period Ended 29 February 2016

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

STC QUALITY LTD

Company Information

for the Period Ended 29 February 2016




Director: Steven Toole
Registered office: 7
Ferguson Road
West Derby
Liverpool
L11 8LE
Company Registration Number: 07962012 (England and Wales)

STC QUALITY LTD

Directors' Report Period Ended 29 February 2016

The directors present their report with the financial statements of the company for the period ended 29 February 2016

Directors
 The directors shown below have held office during the whole of the period from
01 March 2015 to 29 February 2016
Steven Toole

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 18 January 2017
And Signed On Behalf Of The Board By:

Name: Steven Toole
Status: Director

STC QUALITY LTD

Profit and Loss Account

for the Period Ended 29 February 2016


Notes
2016
£
2015
£
Turnover: 94,376 142,769
Cost of sales: ( 65,793 ) ( 52,834 )
Gross profit or (loss): 28,583 89,935
Distribution costs: ( 28,836 ) ( 29,030 )
Administrative expenses: ( 1,804 ) ( 17,613 )
Operating profit or (loss): ( 2,057 ) 43,292
Interest payable and similar charges: ( 100 ) ( 93 )
Profit or (loss) on ordinary activities before taxation: ( 2,157 ) 43,199
Profit or (loss) for the financial year: ( 2,157 ) 43,199

The notes form part of these financial statements

STC QUALITY LTD

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

STC QUALITY LTD

Balance sheet

As at 29 February 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 3 450 1,198
Total fixed assets: 450 1,198
Current assets
Stocks: 0 0
Debtors: 33,292 23,177
Cash at bank and in hand: 17,818 31,026
Total current assets: 51,110 54,203
Net current assets (liabilities): 51,110 54,203
Total assets less current liabilities: 51,560 55,401
Total net assets (liabilities): 51,560 55,401

The notes form part of these financial statements

STC QUALITY LTD

Balance sheet continued

As at 29 February 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 4 1
Profit and loss account: 5 51,559 55,401
Shareholders funds: 51,560 55,401

For the year ending 29 February 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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 18 January 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Steven Toole
Status: Director

The notes form part of these financial statements

STC QUALITY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The company works with SAGE One accounts.

    Turnover policy

    The company has subcontracted to one customer in the year 2015/16

    Tangible fixed assets depreciation policy

    The company wrote off office equipment from 2013/14.

    Intangible fixed assets amortisation policy

    N/A

    Valuation information and policy

    The IT equipment is to the value of £449.95 the full purchase price in 2015

STC QUALITY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2016

  • 2. Dividends


    2016
    £
    2015
    £
    Dividends paid on ordinary shares: 0 4,200
    Dividends paid on preference shares: 0 0
    Total dividends paid: 0 4,200

STC QUALITY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2016

  • 3. Tangible assets

    Land and buildings Plant and Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    01 March 2015: - - - 1,198 - 1,198
    Additions: - - - - - 0
    Disposals: - - - ( 748 ) - ( 748 )
    Revaluations: - - - - - 0
    Transfers: - - - - - 0
    29 February 2016: - - - 450 - 450
    Depreciation
    01 March 2015: - - - - - 0
    Charge for year: - - - - - 0
    On disposals: - - - - - 0
    Other adjustments: - - - - - 0
    29 February 2016: - - - 0 - 0
    Net book value
    29 February 2016: - - - 450 - 450
    28 February 2015: - - - 1,198 - 1,198

STC QUALITY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2016

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 0
    Preference shares: 0
    Total share capital (£): 0
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 1.00 1
    Preference shares: 0
    Total share capital (£): 1

STC QUALITY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2016

  • 5. Profit and loss account


    2016
    £
    2015
    £
    Opening balance: 53,716 16,402
    Profit or (loss) for the period: ( 2,157 ) 43,199
    Equity dividends paid: ( 4,200 )
    Retained profit: 51,559 55,401