Company Registration No. 05700898 (England and Wales)
QUAY PERSONNEL LIMITED
ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED ENDED 30 NOVEMBER 2016
QUAY PERSONNEL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
QUAY PERSONNEL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
169,542
172,570
Current assets
Stocks
37,335
37,335
Debtors
97,628
116,625
134,963
153,960
Creditors: amounts falling due within one year
(293,934)
(286,461)
Net current liabilities
(158,971)
(132,501)
Total assets less current liabilities
10,571
40,069
Provisions for liabilities
(1,608)
(1,608)
8,963
38,461
Capital and reserves
Called up share capital
3
1,051
1,051
Other reserves
(27,158)
(27,158)
Profit and loss account
35,070
64,568
Shareholders' funds
8,963
38,461
For the financial period ended ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period ended in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 31 August 2016
Mr A J Stokes
Director
Company Registration No. 05700898
QUAY PERSONNEL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED ENDED 30 NOVEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Office Equipment
20% Straight Line
Website
33% Straight Line
Fixtures, fittings & equipment
10% Straight Line
1.5
The financial statements have been prepared on the going concern basis.
2
Fixed assets
Tangible assets
£
Cost
At 29 August 2015
204,175
Additions
220
At 30 November 2016
204,395
Depreciation
At 29 August 2015
31,606
Charge for the period
3,247
At 30 November 2016
34,853
Net book value
At 30 November 2016
169,542
At 28 August 2015
172,570
QUAY PERSONNEL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED ENDED 30 NOVEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
60,000
60,000
Allotted, called up and fully paid
880 Ordinary A Shares of £1 each
880
880
170 Ordinary B Shares of £1 each
170
170
1 Redeemable E Shares of £1 each
1
1
1,051
1,051