Quanten IT Limited,Ltd - AccountsLtd - Accounts

Quanten IT Limited,Ltd - AccountsLtd - Accounts

QUANTEN IT LIMITED - Company Information

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2016-01-01 09357663 2016-12-31 09357663 2016-01-01 2016-12-31 09357663 2015-12-31 09357663 2014-12-16 2015-12-31 09357663 uk-core:WithinOneYear 2015-12-31 09357663 uk-core:WithinOneYear 2016-12-31 09357663 uk-core:ShareCapital 2016-12-31 09357663 uk-core:ShareCapital 2015-12-31 09357663 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 09357663 uk-core:RetainedEarningsAccumulatedLosses 2015-12-31 09357663 uk-bus:Director1 2016-01-01 2016-12-31 09357663 uk-core:ComputerEquipment 2016-01-01 2016-12-31 iso4217:GBP 09357663 uk-bus:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 09357663 uk-bus:FRS102 2016-01-01 2016-12-31 09357663 uk-bus:FullAccounts 2016-01-01 2016-12-31 09357663 uk-bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31
Quanten IT Limited
Registered Number:09357663
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2016
Quanten IT Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 December 2016
Quanten IT Limited
Statement of Financial Position
Registered Number :
09357663
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
1,237
224
2
1,237
224
Current assets
Trade and other receivables
11,452
3,700
3
22,697
Cash and cash equivalents
38,421
42,121
34,149
Trade and other payables: amounts falling due within one
year
(24,206)
(23,703)
4
9,943
18,418
Net current assets
Total assets less current liabilities
19,655
10,167
19,655
Net assets
10,167
Capital and reserves
Called up share capital
100
100
Retained earnings
19,555
10,067
19,655
10,167
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mr Lee Fui Chin Director
These financial statements were approved and authorised for issue by the Board on 25 May 2017 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 December 2016
Quanten IT Limited
Notes to the Financial Statements
Statutory Information
Quanten IT Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09357663.
Registered address:
1 Derwent Business Centre
Clarke Street
Derby
DE1 2BU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Computer equipment
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 January 2016
299
1,450
Additions
At 31 December 2016
1,749
Provision for depreciation and impairment
At 01 January 2016
75
Charge for year
437
At 31 December 2016
512
At 31 December 2016
Net book value
1,237
At 31 December 2015
224
2 of 3
5
For the year ended 31 December 2016
Quanten IT Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2015
2016
£
£
Trade debtors
3,600
11,352
Other debtors
100
100
11,452
3,700
4. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Taxation and social security
23,697
23,196
Other creditors
6
1,010
23,703
24,206
5. Average number of persons employed
During the year the average number of employees was 1 (2015 : 1)
3 of 3