QA Fix Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07340298 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

QA FIX LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Cumming

Mrs E B Sabelnikova

SECRETARY:

M Cumming

REGISTERED OFFICE:

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

REGISTERED NUMBER:

07340298 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

4

460

409

CURRENT ASSETS

Debtors

5

2,756

6,518

Cash at bank

79,321

75,549

82,077

82,067

CREDITORS

Amounts falling due within one year

6

21,153

17,999

NET CURRENT ASSETS

60,924

64,068

TOTAL ASSETS LESS CURRENT LIABILITIES

61,384

64,477

PROVISIONS FOR LIABILITIES

-

50

NET ASSETS

61,384

64,427

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

61,284

64,327

SHAREHOLDERS' FUNDS

61,384

64,427

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 21 November 2017 and were signed on its behalf by:

M Cumming - Director

1.	STATUTORY INFORMATION

QA Fix 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

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

-

25% 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.

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 September 2016

546

Additions

250

At 31 August 2017

796

DEPRECIATION

At 1 September 2016

137

Charge for year

199

At 31 August 2017

336

NET BOOK VALUE

At 31 August 2017

460

At 31 August 2016

409

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

2,520

6,300

Other debtors

236

218

2,756

6,518

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

17,654

15,443

Other creditors

3,499

2,556

21,153

17,999

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 August 2017 other creditors includes loans made to the company by Mr M Cumming (director) amounting

to £208 (2016:£208). The loans are interest free with no fixed date for repayment.

8.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr M Cumming (director).