Quick Caps Limited - Period Ending 2016-05-31

Ordinary shares of £1 each

QUICK CAPS LIMITED - Company Information

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Registration number: 09583242

Quick Caps Limited

Unaudited Abbreviated Accounts

for the Period from 11 May 2015 to 31 May 2016

SBMC Business Management Ltd
Accountants
432 Gloucester Road
Horfield
Bristol
BS7 8TX

Quick Caps Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Statutory Accounts of
Quick Caps Limited
for the Period Ended 31 May 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Quick Caps Limited for the period ended 31 May 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Quick Caps Limited, as a body, in accordance. Our work has been undertaken solely to prepare for your approval the accounts of Quick Caps Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quick Caps Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Quick Caps Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Quick Caps Limited. You consider that Quick Caps Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Quick Caps Limited. 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 accounts.

......................................

SBMC Business Management Ltd
Accountants
432 Gloucester Road
Horfield
Bristol
BS7 8TX

24 February 2017

Page 1

Quick Caps Limited
(Registration number: 09583242)
Abbreviated Balance Sheet at 31 May 2016

	Note	31 May 2016 £
Fixed assets
Tangible fixed assets		10,133
Current assets
Debtors		1,937
Cash at bank and in hand		3,168
		5,105
Creditors: Amounts falling due within one year		(12,200)
Net current liabilities		(7,095)
Net assets		3,038
Capital and reserves
Called up share capital	3	100
Share premium account		24,970
Profit and loss account		(22,032)
Shareholders' funds		3,038

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 director acknowledges his 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 director on 24 February 2017

.........................................
C Dorrington
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Quick Caps Limited
Notes to the Abbreviated Accounts for the Period from 11 May 2015 to 31 May 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & machinery	25% straight line

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Quick Caps Limited
Notes to the Abbreviated Accounts for the Period from 11 May 2015 to 31 May 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
Additions	12,800	12,800
At 31 May 2016	12,800	12,800
Depreciation
Charge for the period	2,667	2,667
At 31 May 2016	2,667	2,667
Net book value
At 31 May 2016	10,133	10,133

3	Share capital

Allotted, called up and fully paid shares

New shares allotted

During the period 70 Ordinary shares having an aggregate nominal value of £70 were allotted for an aggregate consideration of £70. Being initial share issue.

During the period 30 Ordinary shares having an aggregate nominal value of £30 were allotted for an aggregate consideration of £25,000. Being shares issued 17 August 2015.

Page 4