Quantax Associates Ltd - Accounts to registrar (filleted) - small 17.3

Quantax Associates Ltd

Financial Statements for the Year Ended 31 March 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P Weller

REGISTERED OFFICE:

Red Sky House

Fairclough Hall

Halls Green

Weston

Hertfordshire

SG4 7DP

REGISTERED NUMBER:

08719399 (England and Wales)

ACCOUNTANTS:

Hargreaves Owen Ltd

Chartered Certified Accountants

Red Sky House

Fairclough Hall

Halls Green, Weston

Hertfordshire

SG4 7DP

CURRENT ASSETS

Debtors

4

10,101

2

Cash at bank

11,424

86,231

21,525

86,233

CREDITORS

Amounts falling due within one year

5

20,768

85,735

NET CURRENT ASSETS

757

498

TOTAL ASSETS LESS CURRENT LIABILITIES

757

498

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

756

497

SHAREHOLDERS' FUNDS

757

498

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 8 December 2017 and were signed by:

Mr P Weller - Director

1.	STATUTORY INFORMATION

Quantax Associates Ltd 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

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

rebates, value added tax and other sales taxes.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

2,477

-

Directors' current accounts

7,622

-

VAT

1

1

Called up share capital not paid

1

1

10,101

2

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

27,343

Corporation tax

13,568

21,480

PAYE

-

2,364

VAT

-

14,970

Directors' current accounts

-

378

Accruals and deferred income

7,200

19,200

20,768

85,735