Quay Hr Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08923803 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Quay Hr Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss C Hyde

REGISTERED OFFICE:

F7A Lynch Lane Offices

Lynch Lane

Weymouth

Dorset

DT4 9DN

REGISTERED NUMBER:

08923803 (England and Wales)

ACCOUNTANTS:

RWB Tax Consultants Limited

F7A Lynch Lane Offices

Lynch Lane

Weymouth

Dorset

DT4 9DN

FIXED ASSETS

Tangible assets

4

903

1,204

CURRENT ASSETS

Debtors

5

2,834

6,716

Cash at bank

679

3,184

3,513

9,900

CREDITORS

Amounts falling due within one year

6

17,065

9,341

NET CURRENT (LIABILITIES)/ASSETS

(13,552

)

559

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,649

)

1,763

RESERVES

Retained earnings

(12,649

)

1,763

(12,649

)

1,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 7 September 2018 and were signed by:

Miss C Hyde - Director

1.	STATUTORY INFORMATION

Quay Hr Solutions 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.

The accounts have been prepared on a going concern basis due to continued

support from the director with a credit balance on their loan account.

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.

Plant and machinery

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions

payable to the company's pension scheme are charged to profit or loss in

the period to which they relate.

Going concern

As at 31.03.18, the company had a negative balance sheet but the accounts

have been prepared on a going concern basis as the director will continue

to support the company up to a limit of £10,000.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2017

and 31 March 2018

1,636

DEPRECIATION

At 1 April 2017

432

Charge for year

301

At 31 March 2018

733

NET BOOK VALUE

At 31 March 2018

903

At 31 March 2017

1,204

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

2,834

6,716

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

352

508

Tax

-

140

VAT

3,089

2,434

Directors' current accounts

13,120

5,683

Accrued expenses

504

576

17,065

9,341

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss C Hyde.