Accounts filed on 31-03-2017


Registered number: 07722591






Quickstore (Saltash) Ltd


ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2017
























Prepared By:
Deepblue Accountants Ltd
Chartered Certified Accountants
10 Alvington Street
Plymouth
Devon
PL4 0QL


ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2017





DIRECTORS
Mrs B Richards
Mrs S A Richards


REGISTERED OFFICE
Eden House, Forge Lane
Moorlands Industrial Estate
Saltash
Cornwall
PL12 6LX


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07722591



ACCOUNTANTS
Deepblue Accountants Ltd
Chartered Certified Accountants
10 Alvington Street
Plymouth
Devon
PL4 0QL


ACCOUNTS
FOR THEYEARENDED31 MARCH 2017



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31 March 2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Tangible assets	2		91,890		98,729

CURRENT ASSETS
Stock		1,113		1,777
Debtors	4	47,966		22,637
Cash at bank and in hand		52,393		69,886
		101,472		94,300
CREDITORS: Amounts falling due within one year	5	68,808		71,677
NET CURRENT ASSETS			32,664		22,623
TOTAL ASSETS LESS CURRENT LIABILITIES			124,554		121,352


CREDITORS: Amounts falling due after more than one year	6		268,175		301,134

NET LIABILITIES			(143,621)		(179,782)

CAPITAL AND RESERVES

Called up share capital	8		2,000		2,000
Profit and loss account			(145,621)		(181,782)
SHAREHOLDERS' FUNDS			(143,621)		(179,782)

For the year ending 31 March 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 6 December 2017 and signed on their behalf by



.............................
Mrs B Richards
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Going Concern
These financial statements have been prepared on a going concern basis. The company has produced a profit in this financial period of £36,161 (2016: £34,572) and has net liabilities at 31 March 2017 of £143,621 (2016: £179,782). In the opinion of the directors, the going concern basis, which assumes the continued support of the company's directors is considered appropriate.




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land And Buildings		reducing balance 15%
Plant and Machinery		straight line 10%
Fixtures and Fittings		straight line 20%
Equipment		straight line 25%




1d. Stocks
Stock and work in progress are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.




1e. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.




1f. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.




4. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Trade debtors	12,884	13,581
Other debtors	22,674	-
Prepayments	8,208	9,056
Accrued income	4,200	-
	47,966	22,637




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
VAT	7,012	6,950
PAYE control	1,682	3,774
Bank loans and overdrafts	-	136
Bank Loan	17,947	21,965
Trade creditors	14,024	13,864
Accruals	8,631	7,609
Deferred income	19,176	17,379
	68,472	71,677




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2017	2016
	£	£
Directors' loan account	159,956	195,715
Deferred rent payments	108,219	105,419
	268,175	301,134




8. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
2000 Ordinary shares of £1.00 each	2000	2000
	2,000	2,000




9. CONTROLLING PARTY
During the year, the company was under the control of Mrs S A Richards and Mrs B Richards by virtue of their shareholdings.