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Unaudited Financial Statements |
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for the Year Ended 28th February 2019 |
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for |
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Quantum Cooling Dispense, Refrigeration |
& Air Conditioning Services LLP |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 28th February 2019 |
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for |
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Quantum Cooling Dispense, Refrigeration |
& Air Conditioning Services LLP |
Quantum Cooling Dispense, Refrigeration |
& Air Conditioning Services LLP (Registered number: OC329373) |
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Contents of the Financial Statements |
for the Year Ended 28th February 2019 |
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Page |
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Abridged Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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Quantum Cooling Dispense, Refrigeration |
& Air Conditioning Services LLP (Registered number: OC329373) |
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Abridged Balance Sheet |
28th February 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Stocks |
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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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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
222,566 |
121,712 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
- |
- |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 222,566 | 121,712 |
222,566 | 121,712 |
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TOTAL MEMBERS' INTERESTS |
Members' other interests | 222,566 | 121,712 |
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The members acknowledge their responsibilities for: |
(a) |
ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
Quantum Cooling Dispense, Refrigeration |
& Air Conditioning Services LLP (Registered number: OC329373) |
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Abridged Balance Sheet - continued |
28th February 2019 |
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In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the members of the LLP on
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Quantum Cooling Dispense, Refrigeration |
& Air Conditioning Services LLP (Registered number: OC329373) |
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Notes to the Financial Statements |
for the Year Ended 28th February 2019 |
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1. | STATUTORY INFORMATION |
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Quantum Cooling Dispense, Refrigeration & Air Conditioning Services LLP is registered in England and Wales. The |
LLP's registered number and registered office address are as below: |
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Registered number: | OC329373 |
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Registered office: | Kings Lodge |
London Road |
West Kingsdown |
Sevenoaks |
Kent |
TN15 6AR |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Revenue recognition |
Sales comprise the fair value of the consideration received or receivable for the sale of goods in the ordinary |
course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts. |
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Revenue from the sale of goods is recognised at the point at which the goods have been delivered to the |
customer. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
bringing stocks to their present location and condition. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
Quantum Cooling Dispense, Refrigeration |
& Air Conditioning Services LLP (Registered number: OC329373) |
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Notes to the Financial Statements - continued |
for the Year Ended 28th February 2019 |
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3. | ACCOUNTING POLICIES - continued |
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Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are |
charged to profit or loss in the period to which they relate. |
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4. | EMPLOYEE INFORMATION |
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The average number of employees during the year was
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st March 2018 |
and 28th February 2019 |
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DEPRECIATION |
At 1st March 2018 |
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Charge for year |
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At 28th February 2019 |
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NET BOOK VALUE |
At 28th February 2019 |
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At 28th February 2018 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Totals |
£ |
COST |
At 1st March 2018 |
and 28th February 2019 | 53,355 |
DEPRECIATION |
At 1st March 2018 | 41,167 |
Charge for year | 3,047 |
At 28th February 2019 | 44,214 |
NET BOOK VALUE |
At 28th February 2019 | 9,141 |
At 28th February 2018 | 12,188 |
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6. | FIXED ASSET INVESTMENTS |
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The amount included as fixed asset investment represents the LLP's capital account outstanding as at the balance |
sheet date in Quantum Cooling Dispense and Refrigeration Services LLP. |
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7. | RELATED PARTY DISCLOSURES |
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During the year under review, the company has been a corporate partner in Quantum Cooling Dispense & |
Refrigeration Services LLP. As at the balance sheet date, the unlisted fixed asset investment of £nil (2018: |
£70,937) is made up of the capital account balances that the company has in the LLP. |
Quantum Cooling Dispense, Refrigeration |
& Air Conditioning Services LLP (Registered number: OC329373) |
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Notes to the Financial Statements - continued |
for the Year Ended 28th February 2019 |
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8. | ULTIMATE CONTROLLING PARTY |
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During the year, the ultimate controlling party was Mr C Gonella and Mrs M R Gonella by virtue of having control |
of the designated members. |