Enterprise Q Ltd. - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03166763 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2014

FOR

ENTERPRISE Q LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D P Cathie

R Haidinger

SECRETARY:

D P Cathie

REGISTERED OFFICE:

Fairhills Industrial Park

Unit 1, Tallow Way

Irlam

Manchester

M44 6RJ

REGISTERED NUMBER:

03166763 (England and Wales)

ACCOUNTANTS:

Percy Westhead & Company

Chartered Accountants

Greg's Buildings

1 Booth Street

Manchester

M2 4AD

FIXED ASSETS

Tangible assets

2

708,899

721,741

CURRENT ASSETS

Stocks

293,323

330,222

Debtors

306,030

399,812

Cash at bank and in hand

202,079

123,994

801,432

854,028

CREDITORS

Amounts falling due within one year

3

190,619

237,134

NET CURRENT ASSETS

610,813

616,894

TOTAL ASSETS LESS CURRENT LIABILITIES

1,319,712

1,338,635

CREDITORS

Amounts falling due after more than one year

3

-

(3,000

)

PROVISIONS FOR LIABILITIES

(40,766

)

(43,246

)

NET ASSETS

1,278,946

1,292,389

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

1,278,846

1,292,289

SHAREHOLDERS' FUNDS

1,278,946

1,292,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 20th November 2014 and were signed on its behalf by:

R Haidinger - 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 April 2008).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance, 10% on reducing balance and 2% on cost

Freehold land is not depreciated.

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

A deferred tax liability is recognised in respect of all material timing differences that have originated but not

reversed at the balance sheet date.

A deferred tax asset is treated as recoverable and therefore recognised only when it can be regarded as more

likely than not that there will be suitable taxable profits from which the future reversal of underlying timing

differences can be deducted.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

1,070,384

Additions

25,250

Disposals

(21,210

)

At 31st March 2014

1,074,424

DEPRECIATION

At 1st April 2013

348,643

Charge for year

36,899

Eliminated on disposal

(20,017

)

At 31st March 2014

365,525

NET BOOK VALUE

At 31st March 2014

708,899

At 31st March 2013

721,741

3.

CREDITORS

Creditors include an amount of £ 3,000 (2013 - £ 24,736 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10,000

Ordinary

£0.01

100

100

5.	TRANSACTIONS WITH DIRECTORS

During the year, total dividends of £6,000 were paid to the directors.