Abbreviated Company Accounts - QP HIRE LTD

Registered Number NI629433

QP HIRE LTD

Abbreviated Accounts

30 June 2016

QP HIRE LTD Registered Number NI629433

Abbreviated Balance Sheet as at 30 June 2016

	Notes	30/06/2016	31/03/2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	2,482,956	-
		2,482,956	-
Current assets
Stocks		22,748	-
Debtors		205,365	100
Cash at bank and in hand		636,881	-
		864,994	100
Creditors: amounts falling due within one year		(1,369,713)	0
Net current assets (liabilities)		(504,719)	100
Total assets less current liabilities		1,978,237	100
Creditors: amounts falling due after more than one year		(975,000)	-
Total net assets (liabilities)		1,003,237	100
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,003,137	-
Shareholders' funds		1,003,237	100

For the year ending 30 June 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 24 March 2017

And signed on their behalf by:
ADRIAN QUINN, Director
LIAM QUINN, Director

QP HIRE LTD Registered Number NI629433

Notes to the Abbreviated Accounts for the period ended 30 June 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
Turnover represents the amounts invoiced, excluding value added tax, in respect of sales.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost which comprises the purchase price and any installation charges.

Depreciation is calculated to write off the cost of the assets within their useful lives. It is policy
to provide a full year's depreciation charge in the year of purchase. The methods adopted and
rates used are;
PLANT AND EQUIPMENT 15% WRITTEN DOWN VALUE
MOTOR VEHICLES 25% WRITTEN DOWN VALUE
FIXTURES AND FITTINGS 20% WRITTEN DOWN VALUE

2Tangible fixed assets

	£
Cost
At 1 April 2015	0
Additions	2,952,125
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	2,952,125
Depreciation
At 1 April 2015	0
Charge for the year	469,169
On disposals	-
At 30 June 2016	469,169
Net book values
At 30 June 2016	2,482,956
At 31 March 2015	0