Qrometric Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08390588 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

QROMETRIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E M Hawes

R S Farley

B J Ramsey

REGISTERED OFFICE:

1st Floor Redington Court

69 Church Road

Hove

East Sussex

BN3 2BB

REGISTERED NUMBER:

08390588 (England and Wales)

ACCOUNTANTS:

Simon Winnard & Company

Redington Court

69 Church Road

Hove

East Sussex

BN3 2BB

FIXED ASSETS

Tangible assets

4

1,761

-

CURRENT ASSETS

Debtors

5

5,641

5,400

Cash at bank

22,334

44,810

27,975

50,210

CREDITORS

Amounts falling due within one year

6

70,941

80,129

NET CURRENT LIABILITIES

(42,966

)

(29,919

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,205

)

(29,919

)

CAPITAL AND RESERVES

Called up share capital

90

90

Retained earnings

(41,295

)

(30,009

)

SHAREHOLDERS' FUNDS

(41,205

)

(29,919

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 18 September 2018 and were signed on its behalf by:

E M Hawes - Director

1.	STATUTORY INFORMATION

Qrometric 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.

At the balance sheet date, the company's liabilities exceeded it's assets by £41,205. Included within creditors are

loans to the company from Eagle-I Limited, VCT Ltd and RF Systems (H2O) Ltd of £7,741, £15,668 and

£15,900 respectively. Mr EM Hawes owns a controlling interest in Eagle-I Limited and Mr BJ Ramsey owns an

equal shareholding in VCT Limited and both are directors of the respective companies. Mr R Farley owns 100%

of the share capital in RF Systems (H2O) Ltd and is the company's sole director. They have each confirmed that

these companies will not seek repayment of the loans made to Qrometric Limited in the near future and will

continue to make funds available to the company such that it may meet its liabilities as they fall due, and thus it is

the opinion of the directors that these accounts should be prepared on a going concern basis.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

2,348

At 28 February 2018

2,348

DEPRECIATION

Charge for year

587

At 28 February 2018

587

NET BOOK VALUE

At 28 February 2018

1,761

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

3,849

5,310

Other debtors

90

90

VAT

1,702

-

5,641

5,400

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other loans

39,309

70,555

Trade creditors

29,252

8,720

Social security and other taxes

638

-

VAT

-

434

Directors' current accounts

1,000

-

Accrued expenses

742

420

70,941

80,129

7.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.