Quinlan Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04777065 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

for

Quinlan Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A Quinlan

SECRETARY:

Mrs H R Quinlan

REGISTERED OFFICE:

Coxbridge House

Coxbridge

Glastonbury

Somerset

BA6 8LG

REGISTERED NUMBER:

04777065 (England and Wales)

ACCOUNTANTS:

Monahans

Chartered Accountants

3 Landmark House

Wirral Park Road

Glastonbury

Somerset

BA6 9FR

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

334

393

334

393

CURRENT ASSETS

Debtors

69,440

69,588

Cash at bank

317

503

69,757

70,091

CREDITORS

Amounts falling due within one year

60,134

62,763

NET CURRENT ASSETS

9,623

7,328

TOTAL ASSETS LESS CURRENT LIABILITIES

9,957

7,721

PROVISIONS FOR LIABILITIES

-

22

NET ASSETS

9,957

7,699

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

9,956

7,698

SHAREHOLDERS' FUNDS

9,957

7,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 January 2016 and were signed by:

A Quinlan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

30,000

AMORTISATION

At 1 June 2014

and 31 May 2015

30,000

NET BOOK VALUE

At 31 May 2015

-

At 31 May 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

5,047

DEPRECIATION

At 1 June 2014

4,654

Charge for year

59

At 31 May 2015

4,713

NET BOOK VALUE

At 31 May 2015

334

At 31 May 2014

393

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1