Abbreviated Company Accounts - QUEST FOR SUCCESS LTD

QUEST FOR SUCCESS LTD - Company Information

Registered Number 06904782

QUEST FOR SUCCESS LTD

Abbreviated Accounts

31 May 2016

QUEST FOR SUCCESS LTD Registered Number 06904782

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,331	261
		2,331	261
Current assets
Debtors		1,195	1,606
Cash at bank and in hand		4,915	1,724
		6,110	3,330
Prepayments and accrued income		18,165	5,485
Creditors: amounts falling due within one year		(6,299)	(5,207)
Net current assets (liabilities)		17,976	3,608
Total assets less current liabilities		20,307	3,869
Creditors: amounts falling due after more than one year		(60,831)	(42,069)
Accruals and deferred income		(39)	(24)
Total net assets (liabilities)		(40,563)	(38,224)
Capital and reserves
Called up share capital		100	100
Other reserves		5,341	4,574
Profit and loss account		(46,004)	(42,898)
Shareholders' funds		(40,563)	(38,224)

For the year ending 31 May 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 26 February 2017

And signed on their behalf by:
Ms Christine Dawson, Director

QUEST FOR SUCCESS LTD Registered Number 06904782

Notes to the Abbreviated Accounts for the period ended 31 May 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 April 2008.

Turnover policy
The turnover shown in the profit and loss account represents services carried out during the year (excluding value added tax).

Tangible assets depreciation policy
Depreciation is provided for at the following rate in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

All tangible assets - 20% straight line basis

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rental of equipment paid under operating leases are charge to the profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 June 2015	1,790
Additions	2,609
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	4,399
Depreciation
At 1 June 2015	1,529
Charge for the year	539
On disposals	-
At 31 May 2016	2,068
Net book values
At 31 May 2016	2,331
At 31 May 2015	261