Abbreviated Company Accounts - QUALCONSULT LIMITED

QUALCONSULT LIMITED - Company Information

Registered Number 05082605

QUALCONSULT LIMITED

Abbreviated Accounts

31 March 2014

QUALCONSULT LIMITED Registered Number 05082605

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	30,000	30,000
Tangible assets	3	349	464
		30,349	30,464
Current assets
Debtors		5,423	7,263
Cash at bank and in hand		48,977	60,661
		54,400	67,924
Creditors: amounts falling due within one year		(7,799)	(17,586)
Net current assets (liabilities)		46,601	50,338
Total assets less current liabilities		76,950	80,802
Creditors: amounts falling due after more than one year		(71,449)	(61,789)
Total net assets (liabilities)		5,501	19,013
Capital and reserves
Called up share capital		100	100
Profit and loss account		5,401	18,913
Shareholders' funds		5,501	19,013

For the year ending 31 March 2014 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 12 October 2014

And signed on their behalf by:
Mr G Cutler, Director

QUALCONSULT LIMITED Registered Number 05082605

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
a) Accounting convention
The financial statements are prepared under the historical cost convention

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (expect as otherwise stated).

Turnover policy
Turnover represents amount receivable for goods and services, net of VAT and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows
Fixtures, fittings & equipment - 25% reducing balance basis

Other accounting policies
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life

Pensions
The company operates a defined contribution scheme

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted

2Intangible fixed assets

	£
Cost
At 1 April 2013	30,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	30,000
Amortisation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	30,000
At 31 March 2013	30,000

3Tangible fixed assets

	£
Cost
At 1 April 2013	1,868
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	1,868
Depreciation
At 1 April 2013	1,404
Charge for the year	115
On disposals	-
At 31 March 2014	1,519
Net book values
At 31 March 2014	349
At 31 March 2013	464