Quotro Print Media Ltd ABBREVIATED ACCOUNTS COVER
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Company No. 09589392
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Quotro Print Media Ltd ABBREVIATED BALANCE SHEET
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at
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Company No.
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Notes
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2016
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£
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Current assets
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Debtors
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Cash at bank and in hand
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Creditors: Amounts falling due within one year
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(
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Net current assets
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Total assets less current liabilities
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Net assets
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Capital and reserves
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Profit and loss account
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Shareholder's funds
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Approved by the board on 16 February 2017
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And signed on its behalf by:
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M. Cooper
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Director
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16 February 2017
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Quotro Print Media Ltd NOTES TO THE ABBREVIATED ACCOUNTS
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for the year ended 31 May 2016
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1
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Accounting policies
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Basis of preparation
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Turnover
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Freehold investment property
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This treatment conflicts with the requirements of the Companies Act 2006 that all properties should be depreciated. The directors consider that, because these properties are not held for consumption, but for their investment potential it is necessary to adopt the requirements of the FRSSE in order to give a true and fair view. |
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Intangible fixed assets and amortisation
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Stocks
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Deferred taxation
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Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted. |
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Research and development
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Foreign currencies
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Transactions in foreign currencies are recorded in sterling using the exchange rate ruling at the date of the transaction. Exchange differences are are taken into account in arriving at the operating profit. |
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Leased assets
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Pension costs
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