Quadratica (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05233634 (England and Wales)

QUADRATICA (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

C I Grey

B Holt

G M Ramsden

REGISTERED OFFICE:

Europarc Innovation Centre

Innovation Way

Grimsby

South Humberside

DN37 9TT

REGISTERED NUMBER:

05233634 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

15 Chequergate

Louth

Lincolnshire

LN11 0LJ

FIXED ASSETS

Tangible assets

4

3,923

4,579

Investments

5

1

1

3,924

4,580

CURRENT ASSETS

Debtors

6

480,876

676,651

Cash at bank and in hand

246,288

33,615

727,164

710,266

CREDITORS

Amounts falling due within one year

7

63,466

107,506

NET CURRENT ASSETS

663,698

602,760

TOTAL ASSETS LESS CURRENT LIABILITIES

667,622

607,340

CAPITAL AND RESERVES

Called up share capital

284

284

Share premium

149,821

149,821

Capital redemption reserve

175

175

Retained earnings

517,342

457,060

SHAREHOLDERS' FUNDS

667,622

607,340

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 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 Board of Directors on 24 September 2018 and were signed on its behalf by:

C I Grey - Director

1.	STATUTORY INFORMATION

Quadratica (Uk) 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.

Plant and machinery etc

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are taken into account in arriving at the operating result.

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

The company's financial statements have been prepared on a going concern basis on the grounds that current and future

sources of funding or support will be more than adequate for the company's needs. In assessing going concern, the

directors have a reasonable expectation that the company will continue as a going concern and is able to meet all of its

obligations as they fall due for a minimum of 12 months from the date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2016 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

29,632

Additions

2,557

At 31 December 2017

32,189

DEPRECIATION

At 1 January 2017

25,053

Charge for year

3,213

At 31 December 2017

28,266

NET BOOK VALUE

At 31 December 2017

3,923

At 31 December 2016

4,579

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2017

and 31 December 2017

1

NET BOOK VALUE

At 31 December 2017

1

At 31 December 2016

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

60,554

245,548

Amounts owed by group undertakings

395,606

388,903

Other debtors

24,716

42,200

480,876

676,651

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

22,342

31,973

Taxation and social security

36,307

23,056

Other creditors

4,817

52,477

63,466

107,506

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2017 and

31 December 2016:

2017

2016

£

£

C I Grey

Balance outstanding at start of year

5,000

5,000

Amounts advanced

612

-

Amounts repaid

(5,612

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

5,000

9.	RELATED PARTY DISCLOSURES