E.W. Quick & A.E. Quick Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04731298 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

E.W. QUICK & A.E. QUICK LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

E W Quick

Mrs A E Quick

A E Quick

SECRETARY:

E W Quick

REGISTERED OFFICE:

Mitchells Chartered Accountants

St. John's House

Castle Street

Taunton

Somerset

TA1 4AY

REGISTERED NUMBER:

04731298 (England and Wales)

ACCOUNTANTS:

Mitchells Chartered Accountants

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

FIXED ASSETS

Tangible assets

2

82,826

101,843

CURRENT ASSETS

Stocks

12,987

5,631

Debtors

264,556

319,502

Cash in hand

300

300

277,843

325,433

CREDITORS

Amounts falling due within one year

57,401

55,907

NET CURRENT ASSETS

220,442

269,526

TOTAL ASSETS LESS CURRENT LIABILITIES

303,268

371,369

CAPITAL AND RESERVES

Called up share capital

3

300

300

Profit and loss account

302,968

371,069

SHAREHOLDERS' FUNDS

303,268

371,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 December 2014 and were signed on its behalf by:

E W Quick - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

15% on cost, 12.5% on cost and 5% on cost

Stocks

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

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

165,530

Additions

760

At 31 March 2014

166,290

DEPRECIATION

At 1 April 2013

63,687

Charge for year

19,777

At 31 March 2014

83,464

NET BOOK VALUE

At 31 March 2014

82,826

At 31 March 2013

101,843

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

150

Ordinary

£1

150

150

150

"A" to "C"

£1

150

150

300

300