Quantum Teknik Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03728665 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

QUANTUM TEKNIK LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr P J Symonds

SECRETARY:

Mrs H J Symonds

REGISTERED OFFICE:

Archer House

Britland

Northbourne Road

Eastbourne

East Sussex

BN22 8PW

REGISTERED NUMBER:

03728665 (England and Wales)

ACCOUNTANTS:

Dominic Hill Associates Limited

Chartered Accountants

Archer House

Britland Estate

Northbourne Road

EASTBOURNE

East Sussex

BN22 8PW

FIXED ASSETS

Tangible assets

2

711

9,941

CURRENT ASSETS

Stocks

19,035

2,500

Debtors

-

58,420

Cash at bank

1,341,752

1,353,786

1,360,787

1,414,706

CREDITORS

Amounts falling due within one year

455,262

477,236

NET CURRENT ASSETS

905,525

937,470

TOTAL ASSETS LESS CURRENT LIABILITIES

906,236

947,411

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

906,136

947,311

SHAREHOLDERS' FUNDS

906,236

947,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 November 2014 and were signed by:

Mr P J Symonds - 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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 1 March 2013

74,231

Additions

1,146

Disposals

(72,950

)

At 28 February 2014

2,427

DEPRECIATION

At 1 March 2013

64,290

Charge for year

237

Eliminated on disposal

(62,811

)

At 28 February 2014

1,716

NET BOOK VALUE

At 28 February 2014

711

At 28 February 2013

9,941

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100