Company Registration Number 02873433 (England and Wales)
QUANTUM RACING SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
PAGES FOR FILING WITH REGISTRAR
QUANTUM RACING SERVICES LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF QUANTUM RACING SERVICES LIMITED FOR THE YEAR ENDED 31 DECEMBER 2016
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Quantum Racing Services Limited for the year ended 31 December 2016 which comprise the Balance Sheet from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/
This report is made solely to the
b
oard of
d
irectors of Quantum Racing Services Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Quantum Racing Services Limited and state those matters that we have agreed to state to the
b
oard of
d
irectors of Quantum Racing Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quantum Racing Services Limited and its
b
oard of
d
irectors as a body, for our work or for this report.
It is your duty to ensure that Quantum Racing Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and profit of Quantum Racing Services Limited. You consider that Quantum Racing Services Limited is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Quantum Racing Services Limited. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MHA Carpenter Box
7 September 2017
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR
QUANTUM RACING SERVICES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2016
31 December 2016
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2016
2015
£
£
£
£
Fixed assets
19,714
27,896
Current assets
17,724
81,727
Prepayments and accrued income
4,211
-
Creditors: amounts falling due within one year
(31,477)
(80,689)
Net current assets
(9,542)
1,038
Total assets less current liabilities
10,172
28,934
Creditors: amounts falling due after more than one year
-
(2,357)
Net assets
10,172
26,577
Capital and reserves
10,172
26,577
Quantum Racing Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 Station Approach Industrial Estate, Pulborough, RH20 1AQ.
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.
For the year ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T
he director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and signed by the director and authorised for issue on 5 September 2017
Mr P W Murphy
Director
Company Registration Number 02873433