Registered number: 03050516 | ||||||||
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FOR THE 426 DAY PERIOD ENDED 31/12/2018 | ||||||||
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Prepared By: | ||||||||
Martin & Fahy | ||||||||
Chartered Certified Accountants | ||||||||
7 Milbanke Court | ||||||||
Milbanke Way | ||||||||
Bracknell | ||||||||
Berkshire | ||||||||
RG12 1RP |
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QUAZAR INTERNATIONAL LIMITED | ||||||||
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ACCOUNTS | ||||||||
FOR THE 426 DAY PERIOD ENDED 31/12/2018 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
Mr A Brooks | ||||||||
REGISTERED OFFICE | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 03050516 | ||||||||
ACCOUNTANTS | ||||||||
Martin & Fahy | ||||||||
Chartered Certified Accountants | ||||||||
7 Milbanke Court | ||||||||
Milbanke Way | ||||||||
Bracknell | ||||||||
Berkshire | ||||||||
RG12 1RP |
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QUAZAR INTERNATIONAL LIMITED | ||||||||
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BALANCE SHEET AT
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2018 | 2017 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock |
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Debtors | 4 |
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Cash at bank and in hand |
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1,882,599 | 1,803,035 | |||||||||
CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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1,487,276 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 |
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Capital redemption reserve | 8 |
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Profit and loss account | 1,612,947 | 1,534,503 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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QUAZAR INTERNATIONAL LIMITED | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE 426 DAY PERIOD ENDED 31/12/2018 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Plant and Machinery | reducing balance 20% | |||||||
Fixtures and Fittings | reducing balance 25% | |||||||
Motor Cars | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
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QUAZAR INTERNATIONAL LIMITED | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||||||||
Short Leasehold | Plant and | Fixtures | ||||||||
Properties | Machinery | and Fittings | Motor Cars | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/11/2017 | 21,135 | 247,392 | 156,264 | 92,776 | 517,567 | |||||
Additions | - | - | 1,187 | 31,026 | 32,213 | |||||
Disposals | - | - | - | (38,695) | (38,695) | |||||
At 31/12/2018 | 21,135 | 247,392 | 157,451 | 85,107 | 511,085 | |||||
Depreciation | ||||||||||
At 01/11/2017 | 21,135 | 242,538 | 150,463 | 56,063 | 470,199 | |||||
Disposals | - | - | - | (29,022) | (29,022) | |||||
For the 426 day period | - | 3,604 | 3,663 | 24,822 | 32,089 | |||||
At 31/12/2018 | 21,135 | 246,142 | 154,126 | 51,863 | 473,266 | |||||
Net Book Amounts | ||||||||||
At 31/12/2018 | - |
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37,819 | |||||
At 31/10/2017 | - |
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47,368 | |||||
3. STOCK | 2018 | 2017 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock raw materials | 352,583 | 436,362 | ||||
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4. DEBTORS | 2018 | 2017 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 219,810 | 348,230 | ||||||
Other debtors | 756,250 | 756,250 | ||||||
Prepayments | 45,927 | 52,324 | ||||||
1,021,987 | 1,156,804 | |||||||
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QUAZAR INTERNATIONAL LIMITED | ||||||||
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5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2018 | 2017 | |||||||
£ | £ | |||||||
Corporation tax | 78,554 | 88,477 | ||||||
VAT | 21,175 | 21,102 | ||||||
PAYE control | 13,263 | 11,764 | ||||||
Trade creditors | 148,306 | 134,751 | ||||||
Accruals | 46,032 | 59,665 | ||||||
307,330 | 315,759 | |||||||
6. EMPLOYEES | ||||||
2018 | 2017 | |||||
No. | No. | |||||
Average number of employees | 20 | 20 | ||||
7. SHARE CAPITAL | 2018 | 2017 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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100 | 100 | ||||||
100 | 100 | |||||||
8. OTHER RESERVES | 2018 | 2017 | ||||
£ | £ | |||||
Capital redemption reserve | 41 | 41 | ||||
41 | 41 | |||||
9. CONTROLLING PARTY | ||||||||
The company is a wholly owned subsidiary of Candela Group Limited registered in England and Wales. The Company Registration Number is 10673606. | ||||||||