Company Registration No. 8373438 (England and Wales)
QUICK WASTERS LIMITED
Unaudited accounts
for the year ended 31 January 2017
QUICK WASTERS LIMITED
Unaudited accounts
Contents
QUICK WASTERS LIMITED
Company Information
for the year ended 31 January 2017
Director
SAMANTHA RUWAN HETTIARACHCHI LOKU HETTIARACHCHILAGE
Company Number
8373438 (England and Wales)
Registered Office
698-702 UPPER FLAT
HIGH ROAD NORTH FINCHLEY
LONDON
N12 9PY
QUICK WASTERS LIMITED
Statement of financial position
as at
31 January 2017
Tangible assets
30,062
11,431
Cash at bank and in hand
96,994
45,589
Creditors: amounts falling due within one year
(4,458)
(4,638)
Net current assets
92,536
40,951
Total assets less current liabilities
122,598
52,382
Creditors: amounts falling due after more than one year
(202,546)
(76,509)
Net liabilities
(79,948)
(24,127)
Called up share capital
100
100
Profit and loss account
(80,048)
(24,227)
Shareholders' funds
(79,948)
(24,127)
For the year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 3 October 2017.
SAMANTHA RUWAN HETTIARACHCHI LOKU HETTIARACHCHILAGE
Director
Company Registration No. 8373438
QUICK WASTERS LIMITED
Notes to the Accounts
for the year ended 31 January 2017
QUICK WASTERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8373438. The registered office and principal place of business is 698-702 UPPER FLAT, HIGH ROAD NORTH FINCHLEY, LONDON, N12 9PY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 January 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance method
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Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 1 February 2016
14,289
At 31 January 2017
41,812
Charge for the year
8,892
At 31 January 2017
11,750
At 31 January 2017
30,062
At 31 January 2016
11,431
QUICK WASTERS LIMITED
Notes to the Accounts
for the year ended 31 January 2017
5
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
2,371
1,108
6
Creditors: amounts falling due after more than one year
2017
2016
Other creditors
202,546
76,509
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Average number of employees
During the year the average number of employees was 3 (2016: 0).