Accounts filed on 31-08-2016

Accounts filed on 31-08-2016

QUOIN BUILDING LIMITED - Company Information

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044814392015-09-012016-08-31falsetruehttp://www.companieshouse.gov.uk/2015-08-31http://www.companieshouse.gov.uk/cd:Director12015-09-012016-08-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2015-08-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2016-08-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2015-08-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-09-012016-08-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2016-08-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12016-08-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2015-08-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2015-09-012016-08-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-08-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2016-08-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2015-09-012016-08-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2015-09-012016-08-31http://www.companieshouse.gov.uk/2014-09-012015-08-31http://www.companieshouse.gov.uk/2015-09-012016-08-31http://www.companieshouse.gov.uk/2015-08-31http://www.companieshouse.gov.uk/2016-08-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2015-09-012016-08-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 04481439
Quoin Building Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL
Quoin Building Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 August 2016
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 04481439
Quoin Building Limited
Registered Number: 04481439
BALANCE SHEET AT 31 AUGUST 2016
20162015
Notes££
FIXED ASSETS
Intangible assets25,8506,600
Tangible assets37,0639,417
12,91316,017
CURRENT ASSETS
Stock9,4105,250
Debtors (amounts falling due within one year)426,04410,750
Cash at bank and in hand50,056116,073
85,510132,073
CREDITORS: Amounts falling due within one year18,87626,306
NET CURRENT ASSETS66,634105,767
TOTAL ASSETS LESS CURRENT LIABILITIES79,547121,784
CREDITORS: Amounts falling due after more than one year54,7906,635
NET ASSETS74,757115,149
CAPITAL AND RESERVES
Called up share capital611
Profit and loss account74,756115,148
SHAREHOLDERS' FUNDS74,757115,149
For the year ending 31 August 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 22 May 2017 and signed on their behalf by
P Andrew
Director
Quoin Building Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1g. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
Quoin Building Limited
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 1 September 201515,00015,000
At 31 August 201615,00015,000
Depreciation
At 1 September 20158,4008,400
For the year750750
At 31 August 20169,1509,150
Net Book Amounts
At 31 August 20165,8505,850
At 31 August 20156,6006,600
3. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 1 September 201532,4057,42639,831
At 31 August 201632,4057,42639,831
Depreciation
At 1 September 201523,6006,81430,414
For the year2,2011532,354
At 31 August 201625,8016,96732,768
Net Book Amounts
At 31 August 20166,6044597,063
At 31 August 20158,8056129,417
Quoin Building Limited
4. DEBTORS 20162015
££
Amounts falling due within one year:
Trade debtors22,5545,986
VAT-4,764
Other Tax2,322-
Other debtors1,168-
26,04410,750
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20162015
££
Other creditors4,7906,635
4,7906,635
Included in other creditors are:
Obligations under hire purchase4,7906,635
6. SHARE CAPITAL 20162015
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11