QED Sameday Courier Ltd - Period Ending 2016-05-31
QED Sameday Courier Ltd - Period Ending 2016-05-31
Registration number:
for the Year Ended
QED Sameday Courier Ltd
Contents
Abbreviated Balance Sheet |
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Notes to the Abbreviated Accounts |
QED Sameday Courier Ltd
(Registration number: 04757918)
Abbreviated Balance Sheet as at 31 May 2016
Note |
2016 |
2015 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 May 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 director on
.........................................
Mr M Hughes
Company secretary and director
QED Sameday Courier Ltd
Notes to the Abbreviated Accounts
Accounting policies |
Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.
Revenue recognition
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Short leasehold land and buildings |
Not provided |
Fixtures and fittings |
15% reducing balance |
Motor vehicles |
25% reducing balance |
Office equipment |
33% reducing balance |
Hire purchase and leasing
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.
Pensions
The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.
Fixed assets |
Tangible assets |
Total |
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Cost |
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At 1 June 2015 |
179,932 |
179,932 |
Additions |
29,044 |
29,044 |
Disposals |
(29,837) |
(29,837) |
At 31 May 2016 |
179,139 |
179,139 |
QED Sameday Courier Ltd
Notes to the Abbreviated Accounts
Tangible assets |
Total |
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Depreciation |
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At 1 June 2015 |
101,279 |
101,279 |
Charge for the year |
24,306 |
24,306 |
Eliminated on disposals |
(23,578) |
(23,578) |
At 31 May 2016 |
102,007 |
102,007 |
Net book value |
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At 31 May 2016 |
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At 31 May 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Control |
The director is the controlling party by virtue of his controlling shareholding in the company.