true
QER Limited
06735642
2016-05-31
5145
3175
5245
3275
100
100
5245
3275
5245
3275
3453
880
36733
27207
40186
28087
23744
22207
600
600
15842
5280
1792
2395
1792
2395
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Fixed Assets
All fixed assets are initially recorded at cost.
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.
Plant & Machinery
Straight line
0.1500
4026
4026
2234
1631
603
4026
4026
2234
1631
603
Ordinary
1000
1
1000
1000
Ordinary
1
100
100
100
2017-01-31
Mr E J Maughan
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
QER Limited
2015-06-01
2016-05-31
QER Limited
2014-06-01
2015-05-31
QER Limited
2014-05-31
QER Limited
2015-05-31
QER Limited
2015-05-31
QER Limited
2016-05-31
2017-02-27