Company Registration No. 07093306 (England and Wales)
QUALITY BUILDING CONTROL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
QUALITY BUILDING CONTROL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
QUALITY BUILDING CONTROL LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,876
2,594
Current assets
Debtors
50,951
49,814
Cash at bank and in hand
18,669
26,222
69,620
76,036
Creditors: amounts falling due within one year
(56,203)
(52,352)
Net current assets
13,417
23,684
Total assets less current liabilities
16,293
26,278
Provisions for liabilities
(575)
(393)
15,718
25,885
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
15,716
25,883
Shareholders' funds
15,718
25,885
For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 30 January 2017
Mr P Thompson
Director
Company Registration No. 07093306
QUALITY BUILDING CONTROL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 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 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:
Computer equipment
25% Straight line
Fixtures, fittings & equipment
15% Reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2015
4,101
Additions
1,406
At 31 May 2016
5,507
Depreciation
At 1 June 2015
1,507
Charge for the year
1,124
At 31 May 2016
2,631
Net book value
At 31 May 2016
2,876
At 31 May 2015
2,594
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2