Quadro Services Limited - Accounts to registrar - small 17.2
Quadro Services Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| FOR |
| QUADRO SERVICES LIMITED |
| QUADRO SERVICES LIMITED (REGISTERED NUMBER: 02703715) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 June 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| QUADRO SERVICES LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 June 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Manor Court Chambers |
| Townsend Drive |
| Nuneaton |
| Warwickshire |
| CV11 6RU |
| QUADRO SERVICES LIMITED (REGISTERED NUMBER: 02703715) |
| BALANCE SHEET |
| 30 June 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Capital redemption reserve | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| 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. |
| QUADRO SERVICES LIMITED (REGISTERED NUMBER: 02703715) |
| BALANCE SHEET - continued |
| 30 June 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| QUADRO SERVICES LIMITED (REGISTERED NUMBER: 02703715) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 June 2017 |
| 1. | STATUTORY INFORMATION |
| Quadro Services Limited is a |
| 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 |
| This is the first year in which the financial statements have been prepared in accordance with Financial |
| Reporting Standard 102. No accounting policies have been changed as a result of this and no amounts in the |
| comparative period are required to be restated due to the conversion to Financial Reporting Standard 102. |
| Turnover |
| Turnover represents net invoiced for provision of services, excluding value added tax. Turnover for the year |
| includes £3,605 bad debt recovered. All turnover arose in the UK except £33,950 in EIRE. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| 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. |
| 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 profit or loss in the period to which they relate. |
| QUADRO SERVICES LIMITED (REGISTERED NUMBER: 02703715) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Long term contracts |
| Long term contract work in progress is stated at cost plus attributable profits estimated to be earned to date |
| based on the date of completion, less provision for any known or anticipated losses and payments on account |
| received or receivable. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 July 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 June 2017 |
| DEPRECIATION |
| At 1 July 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments |
| QUADRO SERVICES LIMITED (REGISTERED NUMBER: 02703715) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2017 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation |
| Social security and other taxes |
| Directors' current accounts | 15,600 | 9,300 |
| Accrued expenses |
| The following amounts were owed to the directors:- |
| 2017 | 2016 |
| £ | £ |
| P J Beebe | 7,737 | 4,650 |
| C J C Wright | 7,863 | 4,650 |
| 7. | SECURED DEBTS |
| Quadro Services Limited Executive Retirement and Death Benefit Scheme holds a debenture, dated 4th |
| November 2010, over the assets of Quadro Services Limited for a lending facility of up to £220,000. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 300 | 300 |
| 9. | RESERVES |
| Capital |
| Retained | redemption |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 July 2016 | 464,454 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 30 June 2017 | 544,477 |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of C J C Wright who owns 51% (2016 51%) of the issued share capital. |
| 11. | DEFERRED TAXATION |
| Deferred taxation is based on a corporation tax rate of 19% (2016 20%). No provision has been made for |
| deferred taxation. There was a potential liability at 30 June 2017 of £4,508 (2016 £10,139). |