ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-09-302017-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseThe principal activity of the company during the year was that of property development.false2016-09-20 10386454 2016-09-19 10386454 2016-09-20 2017-09-30 10386454 2017-09-30 10386454 c:Director1 2016-09-20 2017-09-30 10386454 d:CurrentFinancialInstruments 2017-09-30 10386454 d:CurrentFinancialInstruments d:WithinOneYear 2017-09-30 10386454 d:ShareCapital 2017-09-30 10386454 d:RetainedEarningsAccumulatedLosses 2017-09-30 10386454 c:FRS102 2016-09-20 2017-09-30 10386454 c:AuditExempt-NoAccountantsReport 2016-09-20 2017-09-30 10386454 c:FullAccounts 2016-09-20 2017-09-30 10386454 c:PrivateLimitedCompanyLtd 2016-09-20 2017-09-30 iso4217:GBP xbrli:pure

Company registration number: 10386454

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 30 SEPTEMBER 2017

	QUADRELOM LIMITED


QUADRELOM LIMITED REGISTERED NUMBER:10386454

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2017

		2017
Note		£


Current assets
Stocks	4	446,990
Cash at bank and in hand		55,071
		502,061
Creditors: amounts falling due within one year	5	(522,850)
Net current (liabilities)/assets			(20,789)
Total assets less current liabilities			(20,789)

Net (liabilities)/assets			(20,789)

Capital and reserves
Called up share capital			100
Profit and loss account			(20,889)
			(20,789)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

J G Mole

Director

Date: 22 June 2018

The notes on pages 2 to 3 form part of these financial statements.

Page 1


QUADRELOM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

1.	General information

These financial statements have been prepared in compliance with FRS102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

Quadrelom Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted averagebasis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Employees

The average monthly number of employees, including directors, during the period was 4.

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QUADRELOM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

4.	Stocks
		2017
		£

	Finished goods and goods for resale	446,990
		446,990

5.	Creditors: Amounts falling due within one year
		2017
		£

	Other taxation and social security	16,000
	Other creditors	504,900
	Accruals and deferred income	1,950
		522,850

Related party transactions

At the period end, the company was owed the following by the directors:
£25 C J Mole
£25 J G Mole
£25 N S Mole
£25 S D Mole
During the period the company purchased land from R. G Mole & Co Limited, a company in which the directors also serve and hold 87.5% of the share capital.
At the period end, the company owed £502,000 to Macestep Limited, a company in which the directors parents are officers and 54% shareholders.

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