Quite Early One Morning Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08843144 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2017

FOR

QUITE EARLY ONE MORNING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTOR:

T Q Banks

REGISTERED OFFICE:

Wood Lane House

Wood Lane

Butleigh

Somerset

BA6 8TR

REGISTERED NUMBER:

08843144 (England and Wales)

ACCOUNTANTS:

Joel Richmond

Chartered Certified Accountants

The Old Creamery

North Barrow

Yeovil

Somerset

BA22 7LZ

FIXED ASSETS

Tangible assets

4

6,583

1,506

CURRENT ASSETS

Debtors

5

931

5,621

Cash at bank

714

2,054

1,645

7,675

CREDITORS

Amounts falling due within one year

6

14,264

10,706

NET CURRENT LIABILITIES

(12,619

)

(3,031

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,036

)

(1,525

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

7

(6,038

)

(1,527

)

(6,036

)

(1,525

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 28 October 2017 and were signed by:

T Q Banks - Director

1.	STATUTORY INFORMATION

Quite Early One Morning Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 etc

-

at varying rates on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2016

2,662

Additions

5,935

At 31 January 2017

8,597

DEPRECIATION

At 1 February 2016

1,156

Charge for year

858

At 31 January 2017

2,014

NET BOOK VALUE

At 31 January 2017

6,583

At 31 January 2016

1,506

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

5,472

Other debtors

931

149

931

5,621

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

114

-

Taxation and social security

-

657

Other creditors

14,150

10,049

14,264

10,706

7.

RESERVES

Retained

earnings

£

At 1 February 2016

(1,527

)

Deficit for the year

(4,511

)

At 31 January 2017

(6,038

)

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Quite Early One Morning Limited for the year ended 31 January 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Quite Early One Morning Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Quite Early One Morning Limited and state those matters that we have agreed to state to the director of Quite Early One Morning Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Quite Early One Morning Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Quite Early One Morning Limited. You consider that Quite Early One Morning Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Quite Early One Morning Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Joel Richmond

Chartered Certified Accountants

The Old Creamery

North Barrow

Yeovil

Somerset

BA22 7LZ

28 October 2017