Abbreviated Company Accounts - QUANTUMFDS LIMITED

Abbreviated Company Accounts - QUANTUMFDS LIMITED

QUANTUMFDS LIMITED - Company Information

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Registered Number 07937166

QUANTUMFDS LIMITED

Abbreviated Accounts

31 March 2016

QUANTUMFDS LIMITED Registered Number 07937166

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,062 1,416
1,062 1,416
Current assets
Debtors - 26,197
Cash at bank and in hand 79,082 56,985
79,082 83,182
Creditors: amounts falling due within one year (895) (1,060)
Net current assets (liabilities) 78,187 82,122
Total assets less current liabilities 79,249 83,538
Total net assets (liabilities) 79,249 83,538
Capital and reserves
Called up share capital 20 20
Profit and loss account 79,229 83,518
Shareholders' funds 79,249 83,538
  • For the year ending 31 March 2016 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 28 December 2016

And signed on their behalf by:
Mr S Chohan, Director

QUANTUMFDS LIMITED Registered Number 07937166

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:

Fixtures, fittings and equipment - 25% reducing basis

2Tangible fixed assets
£
Cost
At 1 April 2015 3,002
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 3,002
Depreciation
At 1 April 2015 1,586
Charge for the year 354
On disposals -
At 31 March 2016 1,940
Net book values
At 31 March 2016 1,062
At 31 March 2015 1,416