AQC Consulting Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07045532 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

AQC Consulting Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Sir B Zissman

J L Bill FCA

REGISTERED OFFICE:

Trafalgar House

261 Alcester Road South

Kings Heath

Birmingham

West Midlands

B14 6DT

REGISTERED NUMBER:

07045532 (England and Wales)

FIXED ASSETS

Tangible assets

2

1,557

933

Investments

3

-

1

1,557

934

CURRENT ASSETS

Debtors

175,810

471,571

Cash at bank

100,029

84,340

275,839

555,911

CREDITORS

Amounts falling due within one year

275,409

554,986

NET CURRENT ASSETS

430

925

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,987

1,859

CAPITAL AND RESERVES

Called up share capital

4

1

Retained earnings

1,986

1,858

SHAREHOLDERS' FUNDS

1,987

1,859

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

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

The directors acknowledge their 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 Board of Directors on 29 September 2016 and were signed on its behalf by:

J L Bill FCA - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where

turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Computer equipment

-

25% 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.

Investments

Investments are shown at cost.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

1,245

Additions

1,143

At 31 December 2015

2,388

DEPRECIATION

At 1 January 2015

312

Charge for year

519

At 31 December 2015

831

NET BOOK VALUE

At 31 December 2015

1,557

At 31 December 2014

933

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

1

Disposals

(1

)

At 31 December 2015

-

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

1

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

1

Ordinary shares

£1

1

5.	ULTIMATE PARENT COMPANY

Cerebrum Private Equity Limited is regarded by the directors as being the company's ultimate parent company.