Company Registration No. SC344458 (Scotland)
QPEX Limited
Abbreviated unaudited accounts
for the year ended 30 June 2016
QPEX Limited
Abbreviated Balance Sheet
as at 30 June 2016
Tangible assets
3,669
5,670
Cash at bank and in hand
291,132
245,813
Creditors: amounts falling due within one year
(28,230)
(5,077)
Net current assets
272,244
249,099
Net assets
275,913
254,769
Called up share capital
100
100
Profit and loss account
275,813
254,669
Total shareholders' funds
275,913
254,769
For the year ending 30 June 2016 the company was entitled to exemption from audit 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 (effective January 2015).
Approved by the board on 2 March 2017
Cameron Hill
Director
Company Registration No. SC344458
QPEX Limited
Notes to the Abbreviated Accounts
for the year ended 30 June 2016
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets, less estimated residual value, over their estimated useful lives:
Land & buildings
10% of cost
Computer equipment
25% of cost
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
