Queenswood Maintenance Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07302914 (England and Wales)

QUEENSWOOD MAINTENANCE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

5

DIRECTOR:

C J Briddock

REGISTERED OFFICE:

19 Milburn Grove

Sothall

Sheffield

South Yorkshire

S20 2QT

REGISTERED NUMBER:

07302914 (England and Wales)

ACCOUNTANTS:

Ian R Collins & Co

The Bridge House

Mill Lane

Dronfield

Derbyshire

S18 2XL

FIXED ASSETS

Tangible assets

3

9,595

13,439

CURRENT ASSETS

Debtors

47,072

42,324

Cash at bank and in hand

1,595

18,354

48,667

60,678

CREDITORS

Amounts falling due within one year

(17,143

)

(27,771

)

NET CURRENT ASSETS

31,524

32,907

TOTAL ASSETS LESS CURRENT LIABILITIES

41,119

46,346

CREDITORS

Amounts falling due after more than one year

-

(4,104

)

NET ASSETS

41,119

42,242

CAPITAL AND RESERVES

Called up share capital

1

1

Capital redemption reserve

1

1

Retained earnings

41,117

42,240

41,119

42,242

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st August 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 29th September 2017 and were signed by:

C J Briddock - Director

1.	STATUTORY INFORMATION

Queenswood Maintenance Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant

period. The capital element of the future payments is treated as a liability.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st September 2016

and 31st August 2017

16,385

DEPRECIATION

At 1st September 2016

2,946

Charge for year

3,844

At 31st August 2017

6,790

NET BOOK VALUE

At 31st August 2017

9,595

At 31st August 2016

13,439

Fixed assets, included in the above, which are held under hire purchase contracts are

as follows:

Totals

£

COST

At 1st September 2016

and 31st August 2017

12,850

DEPRECIATION

At 1st September 2016

544

Charge for year

3,213

At 31st August 2017

3,757

NET BOOK VALUE

At 31st August 2017

9,093

At 31st August 2016

12,306