TQI Limited - Abbreviated accounts 16.1

TQI Limited - Abbreviated accounts 16.1

TQI LIMITED - Company Information

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REGISTERED NUMBER: 05682238 (England and Wales)















Abbreviated Accounts for the Year Ended 31 January 2016

for

TQI LIMITED

TQI LIMITED (REGISTERED NUMBER: 05682238)

Contents of the Abbreviated Accounts
for the year ended 31 January 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

TQI LIMITED

Company Information
for the year ended 31 January 2016







DIRECTORS: T Silvester
R Silvester





SECRETARY: R Silvester





REGISTERED OFFICE: Rowan House
28 Queens Road
Hethersett
Norwich
NR9 3DB





REGISTERED NUMBER: 05682238 (England and Wales)





ACCOUNTANTS: Utterly Tax Limited
Chartered Tax Advisers &
Chartered Certified Accountants
Sophia House
28 Cathedral Road
Cardiff
South Glamorgan
CF11 9LJ
1
TQI LIMITED (REGISTERED NUMBER: 05682238)

Abbreviated Balance Sheet
31 January 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 4,603 6,137
4,603 6,137

CURRENT ASSETS
Stocks 500 4,085
Debtors 111,015 92,994
Cash at bank and in hand 69,812 65,984
181,327 163,063
CREDITORS
Amounts falling due within one year 104,938 100,984
NET CURRENT ASSETS 76,389 62,079
TOTAL ASSETS LESS CURRENT
LIABILITIES
80,992
68,216

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 80,892 68,116
SHAREHOLDERS' FUNDS 80,992 68,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 notes form part of these abbreviated accounts

2 continued...
TQI LIMITED (REGISTERED NUMBER: 05682238)

Abbreviated Balance Sheet - continued
31 January 2016


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 27 October 2016 and were signed on its behalf by:




R Silvester - Director



T Silvester - Director


The notes form part of these abbreviated accounts

3
TQI LIMITED (REGISTERED NUMBER: 05682238)

Notes to the Abbreviated Accounts
for the year ended 31 January 2016


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 January 2015).

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five 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 - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 64,185
AMORTISATION
At 1 February 2015
and 31 January 2016 64,185
NET BOOK VALUE

At 31 January 2016 -
At 31 January 2015 -

4 continued...
TQI LIMITED (REGISTERED NUMBER: 05682238)

Notes to the Abbreviated Accounts - continued
for the year ended 31 January 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 32,615
DEPRECIATION
At 1 February 2015 26,478
Charge for year 1,534
At 31 January 2016 28,012
NET BOOK VALUE
At 31 January 2016 4,603
At 31 January 2015 6,137

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary 1 100 100

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors will, from time to time, advance funds to the company. Such loans are interest-free, unsecured and
repayable upon demand. The directors account is treated as a joint account. The ultimate controlling party is are
the two directors by virtue of their shareholdings.

5