Quality &Project Management Services Ltd - Limited company accounts 11.6

Quality &Project Management Services Ltd - Limited company accounts 11.6


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REGISTERED NUMBER: 02876396















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

QUALITY &PROJECT MANAGEMENT SERVICES LTD

QUALITY &PROJECT MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 02876396)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2014










Page

Company Information 1

Report of the Directors 2

Profit and Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 6


QUALITY &PROJECT MANAGEMENT SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 March 2014







DIRECTORS: G M Roberts
I M Roberts





SECRETARY: G M Roberts





REGISTERED OFFICE: 48 The Causeway
Chippenham
Wiltshire
SN15 3DD





REGISTERED NUMBER: 02876396





ACCOUNTANTS: John Davis & Co Accountants
48 The Causeway
Chippenham
Wiltshire
SN15 3DD

QUALITY &PROJECT MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 02876396)

REPORT OF THE DIRECTORS
for the Year Ended 31 March 2014


The directors present their report with the financial statements of the company for the year ended 31 March 2014.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2013 to the date of this report.

G M Roberts
I M Roberts

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating
to small companies.

ON BEHALF OF THE BOARD:





G M Roberts - Secretary


19 December 2014

QUALITY &PROJECT MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 02876396)

PROFIT AND LOSS ACCOUNT
for the Year Ended 31 March 2014

2014 2013
Notes £    £   

TURNOVER 28,650 28,455

Cost of sales 1,015 -
GROSS PROFIT 27,635 28,455

Administrative expenses 22,569 20,844
OPERATING PROFIT 2 5,066 7,611


Interest payable and similar charges 725 388
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

4,341

7,223

Tax on profit on ordinary activities 3 811 -
PROFIT FOR THE FINANCIAL YEAR 3,530 7,223

QUALITY &PROJECT MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 02876396)

BALANCE SHEET
31 March 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,228 7,421

CURRENT ASSETS
Cash at bank 1,232 624

CREDITORS
Amounts falling due within one year 5 2,281 5,532
NET CURRENT LIABILITIES (1,049 ) (4,908 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,179

2,513

CREDITORS
Amounts falling due after more than one
year

6

6,136

7,000
NET LIABILITIES (957 ) (4,487 )

CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and loss account 8 (959 ) (4,489 )
SHAREHOLDERS' FUNDS (957 ) (4,487 )

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.

QUALITY &PROJECT MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 02876396)

BALANCE SHEET - continued
31 March 2014


The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).


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





I M Roberts - Director


QUALITY &PROJECT MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 02876396)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2014


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.


Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. OPERATING PROFIT

The operating profit is stated after charging:

2014 2013
£    £   
Depreciation - owned assets 1,193 1,307

Directors' remuneration and other benefits etc 7,696 7,488

3. TAXATION

Analysis of the tax charge
The tax charge on the profit on ordinary activities for the year was as follows:
2014 2013
£    £   
Current tax:
UK corporation tax 811 -
Tax on profit on ordinary activities 811 -

QUALITY &PROJECT MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 02876396)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2014


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2013
and 31 March 2014 7,319 16,553 23,872
DEPRECIATION
At 1 April 2013 2,921 13,530 16,451
Charge for year 366 827 1,193
At 31 March 2014 3,287 14,357 17,644
NET BOOK VALUE
At 31 March 2014 4,032 2,196 6,228
At 31 March 2013 4,398 3,023 7,421

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2014 2013
£    £   
Trade creditors 56 -
Taxation and social security 811 -
Other creditors 1,414 5,532
2,281 5,532

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2014 2013
£    £   
Bank loans 6,136 7,000

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2 Ordinary £1 2 2

QUALITY &PROJECT MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 02876396)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2014


8. RESERVES
Profit
and loss
account
£   

At 1 April 2013 (4,489 )
Profit for the year 3,530
At 31 March 2014 (959 )