Company Registration No. 09456367 (England and Wales)
QFSL (HULL) LIMITED
Unaudited accounts
for the period from 31 October 2017 to 28 February 2018
QFSL (HULL) LIMITED
Unaudited accounts
Contents
QFSL (HULL) LIMITED
Company Information
for the period from 31 October 2017 to 28 February 2018
Director
STEPHEN BURRLUCK
Company Number
09456367 (England and Wales)
Registered Office
62-66 CUMBERLAND STREET
HULL
HU2 0QB
UNITED KINGDOM
Accountants
AL ACCOUNTING SOLUTIONS
42 GUILDFORD AVENUE
GILLSHILL ROAD
HULL
EAST YORKSHIRE
HU8 0LB
QFSL (HULL) LIMITED
Statement of financial position
as at
28 February 2018
Cash at bank and in hand
26
Creditors: amounts falling due within one year
(294,450)
Profit and loss account
8,308
Shareholders' funds
8,308
For the period ending 28 February 2018 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 29 November 2018.
STEPHEN BURRLUCK
Director
Company Registration No. 09456367
QFSL (HULL) LIMITED
Notes to the Accounts
for the period from 31 October 2017 to 28 February 2018
QFSL (HULL) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09456367. The registered office is 62-66 CUMBERLAND STREET, HULL, HU2 0QB, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
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
25% - COST
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 28 February 2018
8,389
Charge for the period
2,097
At 28 February 2018
2,097
At 28 February 2018
6,292
QFSL (HULL) LIMITED
Notes to the Accounts
for the period from 31 October 2017 to 28 February 2018
Accrued income and prepayments
2,857
6
Creditors: amounts falling due within one year
2018
Bank loans and overdrafts
3,308
Obligations under finance leases and hire purchase contracts
8,653
Taxes and social security
69,132
Loans from directors
10,000
7
Average number of employees
During the period the average number of employees was 140.