Abbreviated Company Accounts - QUALITY AND INNOVATION COMPANY LIMITED

Abbreviated Company Accounts - QUALITY AND INNOVATION COMPANY LIMITED

QUALITY AND INNOVATION COMPANY LIMITED - Company Information

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Registered Number 07300848

QUALITY AND INNOVATION COMPANY LIMITED

Abbreviated Accounts

31 October 2015

QUALITY AND INNOVATION COMPANY LIMITED Registered Number 07300848

Abbreviated Balance Sheet as at 31 October 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 4,043 4,067
4,043 4,067
Current assets
Stocks 2,583 -
Cash at bank and in hand 2,880 221
5,463 221
Creditors: amounts falling due within one year (7,282) (5,435)
Net current assets (liabilities) (1,819) (5,214)
Total assets less current liabilities 2,224 (1,147)
Creditors: amounts falling due after more than one year (2,150) (5,125)
Total net assets (liabilities) 74 (6,272)
Capital and reserves
Called up share capital 10 10
Profit and loss account 64 (6,282)
Shareholders' funds 74 (6,272)
  • For the year ending 31 October 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 July 2016

And signed on their behalf by:
Steve Caldecott, Director

QUALITY AND INNOVATION COMPANY LIMITED Registered Number 07300848

Notes to the Abbreviated Accounts for the period ended 31 October 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
15% reducing balance

2Tangible fixed assets
£
Cost
At 1 November 2014 5,458
Additions 689
Disposals -
Revaluations -
Transfers -
At 31 October 2015 6,147
Depreciation
At 1 November 2014 1,391
Charge for the year 713
On disposals -
At 31 October 2015 2,104
Net book values
At 31 October 2015 4,043
At 31 October 2014 4,067