Abbreviated Company Accounts - QUANTIC ASSOCIATES LIMITED

QUANTIC ASSOCIATES LIMITED - Company Information

Registered Number 02479523

QUANTIC ASSOCIATES LIMITED

Abbreviated Accounts

30 April 2016

QUANTIC ASSOCIATES LIMITED Registered Number 02479523

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,845	2,460
		1,845	2,460
Current assets
Stocks		-	1,315
Debtors		3,813	4,228
Cash at bank and in hand		45,586	20
		49,399	5,563
Creditors: amounts falling due within one year		(146,136)	(102,522)
Net current assets (liabilities)		(96,737)	(96,959)
Total assets less current liabilities		(94,892)	(94,499)
Total net assets (liabilities)		(94,892)	(94,499)
Capital and reserves
Called up share capital		20,000	20,000
Profit and loss account		(114,892)	(114,499)
Shareholders' funds		(94,892)	(94,499)

For the year ending 30 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 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 24 January 2017

And signed on their behalf by:
N M Mulligan, Director

QUANTIC ASSOCIATES LIMITED Registered Number 02479523

Notes to the Abbreviated Accounts for the period ended 30 April 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 January 2015.

Turnover policy
Turnover represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost and 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
Equipment - 25% on the reducing balance

Valuation information and policy
Work in progress is valued on the basis of direct costs plus attributable overheads.

2Tangible fixed assets

	£
Cost
At 1 May 2015	75,323
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	75,323
Depreciation
At 1 May 2015	72,863
Charge for the year	615
On disposals	-
At 30 April 2016	73,478
Net book values
At 30 April 2016	1,845
At 30 April 2015	2,460