Quedos Recruitment Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04421987 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

FOR

QUEDOS RECRUITMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

G D Bell

A G E Bell

SECRETARY:

Mrs. M F Bell

REGISTERED OFFICE:

Avebury House

6 St. Peter Street

Winchester

Hampshire

SO23 8BN

REGISTERED NUMBER:

04421987 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

Avebury House

St Peter Street

Winchester

Hampshire

SO23 8BN

BANKERS:

Lloyds Bank PLC

30 Commercial Road

Totton

Southampton

Hampshire

SO40 3TH

FIXED ASSETS

Intangible assets

4

800

1,000

Tangible assets

5

20,648

27,007

21,448

28,007

CURRENT ASSETS

Stocks

6,000

6,500

Debtors

6

2,839

2,772

Cash at bank and in hand

12,913

16,721

21,752

25,993

CREDITORS

Amounts falling due within one year

7

260,433

264,435

NET CURRENT LIABILITIES

(238,681

)

(238,442

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(217,233

)

(210,435

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(217,235

)

(210,437

)

(217,233

)

(210,435

)

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 30 May 2018 and were signed on its behalf by:

G D Bell - Director

1.	STATUTORY INFORMATION

Quedos Recruitment 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

the term of the lease

Plant and machinery etc

-

25% on reducing balance and the term of the lease

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2016

and 31 August 2017

2,000

AMORTISATION

At 1 September 2016

1,000

Charge for year

200

At 31 August 2017

1,200

NET BOOK VALUE

At 31 August 2017

800

At 31 August 2016

1,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2016

4,249

63,620

67,869

Additions

-

238

238

At 31 August 2017

4,249

63,858

68,107

DEPRECIATION

At 1 September 2016

1,932

38,930

40,862

Charge for year

-

6,597

6,597

At 31 August 2017

1,932

45,527

47,459

NET BOOK VALUE

At 31 August 2017

2,317

18,331

20,648

At 31 August 2016

2,317

24,690

27,007

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

2,839

2,772

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

8,015

21,712

Taxation and social security

18,541

17,320

Other creditors

233,877

225,403

260,433

264,435

8.	RELATED PARTY DISCLOSURES

Quedos Limited

A company in which G Bell is a director and major shareholder.

At the balance sheet date £219,836 (2016: £220,218) was owed to Quedos Limited by the

company. The loan is interest free and is payable on demand.

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Directors are not required

to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Quedos Recruitment Ltd for the year ended 31 August 2017 which

comprise the Income Statement, Balance Sheet, and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Quedos Recruitment Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Quedos Recruitment Ltd and state those matters that we have agreed to state to the Board of Directors of Quedos Recruitment Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quedos Recruitment Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Quedos Recruitment Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Quedos Recruitment Ltd. You consider that Quedos Recruitment Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Quedos Recruitment Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothman Pantall LLP

Chartered Accountants

Avebury House

St Peter Street

Winchester

Hampshire

SO23 8BN

30 May 2018