Company Registration No. 08223178 (England and Wales)
Small-Q Ltd
Unaudited accounts
for the year ended 30 September 2017
Small-Q Ltd
Unaudited accounts
Contents
Small-Q Ltd
Company Information
for the year ended 30 September 2017
Director
Mr Tim Smallshaw
Company Number
08223178 (England and Wales)
Registered Office
12A Sandringham Road
Fareham
Hampshire
PO14 3DW
Accountants
Clare Weeks Accounting
18 Drift Road
Wallington
Fareham
Hampshire
PO16 8SY
Small-Q Ltd
Statement of financial position
as at
30 September 2017
Tangible assets
5,467
6,801
Cash at bank and in hand
90,491
61,658
Creditors: amounts falling due within one year
(32,863)
(60,293)
Net current assets
67,950
10,179
Called up share capital
100
100
Profit and loss account
73,317
16,880
Shareholders' funds
73,417
16,980
For the year ending 30 September 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 9 March 2018.
Mr Tim Smallshaw
Director
Company Registration No. 08223178
Small-Q Ltd
Notes to the Accounts
for the year ended 30 September 2017
Small-Q Ltd is a private company, limited by shares, registered in England and Wales, registration number 08223178. The registered office is 12A Sandringham Road, Fareham, Hampshire, PO14 3DW.
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 30 September 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2015.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2016
7,786
1,096
8,882
At 30 September 2017
7,786
1,096
8,882
At 1 October 2016
1,558
523
2,081
Charge for the year
1,246
88
1,334
At 30 September 2017
2,804
611
3,415
At 30 September 2017
4,982
485
5,467
At 30 September 2016
6,228
573
6,801
Small-Q Ltd
Notes to the Accounts
for the year ended 30 September 2017
Trade debtors
10,322
8,814
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
28,312
27,711
Loans from directors
4,551
32,582
7
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
During the year dividends of £15,360 were paid to Mr T Smallshaw.
During the year, dividends of £3,840 were paid to Mrs R Smallshaw
The ultimate controlling party is the Director.
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Average number of employees
During the year the average number of employees was 1 (2016: 1).