Quorn Property Maintenance Limited - Abbreviated accounts 16.3

Quorn Property Maintenance Limited - Abbreviated accounts 16.3

QUORN PROPERTY MAINTENANCE LIMITED - Company Information

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REGISTERED NUMBER: 06384345 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Quorn Property Maintenance Limited

Quorn Property Maintenance Limited (Registered number: 06384345)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Certified Accountants' Report 5

Quorn Property Maintenance Limited

Company Information
for the Year Ended 30 September 2016







DIRECTOR: J Kirk





SECRETARY: Mrs A R Kirk





REGISTERED OFFICE: C/o Charnwood Accountants
The Point, Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ





REGISTERED NUMBER: 06384345 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ
Page 1
Quorn Property Maintenance Limited (Registered number: 06384345)

Abbreviated Balance Sheet
30 September 2016

30.9.16 30.9.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 900 1,800
Tangible assets 3 1,265 1,587
2,165 3,387

CURRENT ASSETS
Stocks 292 274
Debtors 389 208
Cash at bank 407 4,353
1,088 4,835
CREDITORS
Amounts falling due within one year 2,310 3,826
NET CURRENT (LIABILITIES)/ASSETS (1,222 ) 1,009
TOTAL ASSETS LESS CURRENT
LIABILITIES
943
4,396

CAPITAL AND RESERVES
Called up share capital 4 99 99
Revaluation reserve 764 946
Profit and loss account 80 3,351
SHAREHOLDERS' FUNDS 943 4,396

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

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

The director acknowledges his 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 director on 13 March 2017 and were signed by:




J Kirk - Director


The notes form part of these abbreviated accounts

Page 2
Quorn Property Maintenance Limited (Registered number: 06384345)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015
and 30 September 2016 9,000
AMORTISATION
At 1 October 2015 7,200
Amortisation for year 900
At 30 September 2016 8,100
NET BOOK VALUE

At 30 September 2016 900
At 30 September 2015 1,800

Page 3 continued...
Quorn Property Maintenance Limited (Registered number: 06384345)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 7,894
Additions 150
At 30 September 2016 8,044
DEPRECIATION
At 1 October 2015 6,307
Charge for year 472
At 30 September 2016 6,779
NET BOOK VALUE
At 30 September 2016 1,265
At 30 September 2015 1,587

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.16 30.9.15
value: £    £   
99 Ordinary £1 99 99

Page 4
Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Quorn Property Maintenance Limited

The following reproduces the text of the report prepared for the director 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 Quorn Property Maintenance Limited for the year ended 30 September 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Quorn Property Maintenance Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Quorn Property Maintenance Limited and state those matters that we have agreed to state to the director of Quorn Property Maintenance Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Quorn Property Maintenance Limited 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 Quorn Property Maintenance Limited. You consider that Quorn Property Maintenance Limited 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 Quorn Property Maintenance 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 financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


13 March 2017

This page does not form part of the abbreviated accounts

Page 5