PQ France Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08496492 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

PQ France Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

M Hunt

Mrs O N Hunt

REGISTERED OFFICE:

8 -10 Bolton Street

Ramsbottom

Bury

Lancashire

BL0 9HX

REGISTERED NUMBER:

08496492 (England and Wales)

ACCOUNTANTS:

Cowgill, Holloway & Co

8 -10 Bolton Street

Ramsbottom

Bury

Lancashire

BL0 9HX

FIXED ASSETS

Tangible assets

2

328

978

CURRENT ASSETS

Debtors

15,867

6,545

Cash at bank and in hand

67,005

52,642

82,872

59,187

CREDITORS

Amounts falling due within one year

68,704

58,615

NET CURRENT ASSETS

14,168

572

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,496

1,550

PROVISIONS FOR LIABILITIES

56

196

NET ASSETS

14,440

1,354

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

14,340

1,254

SHAREHOLDERS' FUNDS

14,440

1,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 26 January 2017 and were signed on its behalf by:

M Hunt - 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 January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents the sales of services, net of value added tax, recognised when the immersion courses take

place.

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

-

15% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences which have originated but not reversed at the

balance sheet date. Timing differences are differences between taxable profits and the results as stated in the

financial statements which arise from the inclusion of gains and losses in tax assessments in periods different

from those in which they are recognised in the financial statements.

Deferred tax is not recognised when fixed assets are revalued unless by the balance sheet date there is a binding

agreement to sell the revalued asset and the resulting gain or loss has been recognised in the financial statements.

Neither is deferred tax recognised when fixed assets are sold and it is more likely than not that the taxable gain

will be rolled over, being charged tax only if and when the replacement assets are sold.

Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing

differences are expected to reverse, based on tax rates and laws which have been enacted or substantively

enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

2,220

Additions

22

At 30 April 2016

2,242

DEPRECIATION

At 1 May 2015

1,242

Charge for year

672

At 30 April 2016

1,914

NET BOOK VALUE

At 30 April 2016

328

At 30 April 2015

978

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid dividends of £16,667 (2015: £15,640) to the director, Mr M Hunt and £25,000

(2015: £23,460) to the director, Mrs O Hunt.

During the period the company was in receipt of loans from the directors, Mr M Hunt and Mrs O Hunt. At 30

April 2016, the company owed Mr M Hunt £17,917 (2015: £15,618) and Mrs O Hunt £26,876 (2015: £24,778).

The loans are unsecured, interest free and repayable on demand.

5.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors, Mr M Hunt and Mrs O N Hunt are together the ultimate controlling party.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of PQ France Ltd for the year ended 30 April 2016 which comprise the Profit and Loss Account, the

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of PQ France Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PQ France Ltd and state those matters that we have agreed to state to the Board of Directors of PQ France Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PQ France Ltd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PQ France Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PQ France Ltd. You consider that PQ France Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PQ France Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cowgill, Holloway & Co

8 -10 Bolton Street

Ramsbottom

Bury

Lancashire

BL0 9HX

26 January 2017