Quidos Limited - Period Ending 2017-07-31
Quidos Limited - Period Ending 2017-07-31
Registration number:
Quidos Limited
for the Year Ended 31 July 2017
Quidos Limited
Contents
Abridged Balance Sheet |
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Notes to the Abridged Financial Statements |
Quidos Limited
(Registration number: 05665301)
Abridged Balance Sheet as at 31 July 2017
Note |
2017 |
2016 |
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Fixed assets |
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Tangible assets |
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Other financial assets |
- |
4,885 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Profit and loss account |
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Total equity |
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Page 1 |
Quidos Limited
(Registration number: 05665301)
Abridged Balance Sheet as at 31 July 2017
For the financial year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
Mr K Humphreys
Director
Mr P J G Salaman
Director
Page 2 |
Quidos Limited
Notes to the Abridged Financial Statements for the Year Ended 31 July 2017
General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
20% straight line |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Page 3 |
Quidos Limited
Notes to the Abridged Financial Statements for the Year Ended 31 July 2017
Tangible assets |
Total |
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Cost or valuation |
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At 1 August 2016 |
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Additions |
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At 31 July 2017 |
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Depreciation |
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At 1 August 2016 |
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Charge for the year |
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At 31 July 2017 |
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Carrying amount |
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At 31 July 2017 |
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At 31 July 2016 |
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Other financial assets (current and non-current) |
Financial assets at cost less impairment |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 August 2016 |
4,885 |
4,885 |
Disposals |
(4,885) |
(4,885) |
At 31 July 2017 |
- |
- |
Impairment |
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Carrying amount |
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At 31 July 2017 |
- |
- |
Transition to FRS 102 |
There are no transitional adjustments.
Page 4 |