AQS (Midlands) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07009958 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

AQS (MIDLANDS) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P A Bullock

SECRETARY:

REGISTERED OFFICE:

The Old Coach House

Horse Fair

Rugeley

Staffordshire

WS15 2EL

REGISTERED NUMBER:

07009958 (England and Wales)

ACCOUNTANTS:

Wynniatt-Husey Ltd

Chartered Accountants

The Old Coach House

Horsefair

Rugeley

Staffordshire

WS15 2EL

FIXED ASSETS

289

Tangible assets

2

-

CURRENT ASSETS

408

Debtors

-

2,309

Cash at bank

1,300

2,717

1,300

CREDITORS

4,879

Amounts falling due within one year

7,814

(2,162

)

NET CURRENT LIABILITIES

(6,514

)

(1,873

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,514

)

CAPITAL AND RESERVES

1

Called up share capital

3

1

(1,874

)

Profit and loss account

(6,515

)

(1,873

)

SHAREHOLDERS' FUNDS

(6,514

)

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 27 June 2017 and were signed by:

P A Bullock - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

2,982

DEPRECIATION

At 1 October 2015

2,693

Charge for year

289

At 30 September 2016

2,982

NET BOOK VALUE

At 30 September 2016

-

At 30 September 2015

289

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

1

Ordinary

£1

1

4.

SOLVENCY

Although the company is technically insolvent, it continues to be able to meet all its liabilities, as they fall due. It

is therefore a going concern.

The director is confident that the position will be reversed during the next two years and has given an

undertaking not to repay any of the director's loan until such a time as the company is once again fully solvent.