Company Registration No. 05702217 (England and Wales)
QUANTUM EPITAXIAL DEVICES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
QUANTUM EPITAXIAL DEVICES LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3
QUANTUM EPITAXIAL DEVICES LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF QUANTUM EPITAXIAL DEVICES LIMITED FOR THE YEAR ENDED 31 JULY 2016
- 1 -
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 Epitaxial Devices Limited for the year ended 31 July 2016 set out on pages 2 to 3 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Quantum Epitaxial Devices Limited, as a body, in accordance with the terms of our engagement letter dated 29 November 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Quantum Epitaxial Devices Limited and state those matters that we have agreed to state to the Board of Directors of Quantum Epitaxial Devices Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quantum Epitaxial Devices Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Quantum Epitaxial Devices 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 loss of Quantum Epitaxial Devices Limited. You consider that Quantum Epitaxial Devices 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 Epitaxial Devices 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.
Moore and Smalley LLP
Chartered Accountants
Priory Close
St Marys Gate
Lancaster
LA1 1XB
23 January 2017
QUANTUM EPITAXIAL DEVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2016
31 July 2016
- 2 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
93
87
Cash at bank and in hand
171
281
264
368
Creditors: amounts falling due within one year
(1,391)
(989)
Total assets less current liabilities
(1,127)
(621)
Capital and reserves
Called up share capital
2
200
200
Profit and loss account
(1,327)
(821)
Shareholders' funds
(1,127)
(621)
For the financial year ended 31 July 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 year 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 19 January 2017
Mrs S E Krier
Director
Company Registration No. 05702217
QUANTUM EPITAXIAL DEVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 3 -
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
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
200 Ordinary shares of £1 each
200
200