First Quay Limited Small abbreviated accounts

FY Private Limited Company Company accounts 2017-02-27 2017-02-27 false true false false false false false false false false false false true true 2015-06-01 true xbrli:pure xbrli:shares iso4217:GBP 04609230 2015-06-01 2016-05-31 04609230 2016-05-31 04609230 2015-05-31 04609230 2015-05-31 04609230 uk-gaap:OfficeEquipment 2015-06-01 2016-05-31 04609230 uk-bus:EntityAccountantsOrAuditors uk-bus:PrincipalAgent 2015-06-01 2016-05-31 04609230 uk-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 04609230 uk-bus:Director2 2015-06-01 2016-05-31 04609230 uk-gaap:AllSubsidiaries 2015-06-01 2016-05-31 04609230 uk-bus:OrdinaryShareClass1 2016-05-31 04609230 uk-bus:OrdinaryShareClass1 2015-05-31 04609230 uk-lang:English 2015-06-01 2016-05-31 04609230 uk-curr:PoundSterling 2015-06-01 2016-05-31

COMPANY REGISTRATION NUMBER 04609230

FIRST QUAY LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

31 May 2016

LAYTON TRAIN LTD

Chartered Certified Accountants

1 Town Quay Wharf

Abbey Road

Barking

Essex IG11 7BZ

FIRST QUAY LIMITED

ABBREVIATED BALANCE SHEET

31 May 2016

		2016		2015
Note		£	£	£
FIXED ASSETS	2
Tangible assets			340	425
			----	----

CURRENT ASSETS

Debtors	107,588		107,947
Investments	600		600
Cash at bank and in hand	-		9,060
	----------		----------
	108,188		117,607
CREDITORS: Amounts falling due within one year	107,308		116,753
	----------		----------
NET CURRENT ASSETS		880	854
		-------	-------
TOTAL ASSETS LESS CURRENT LIABILITIES		1,220	1,279
		-------	-------

CAPITAL AND RESERVES

Called up equity share capital	3	1,000	1,000
Profit and loss account		220	279
		-------	-------
SHAREHOLDERS' FUNDS		1,220	1,279
		-------	-------

For the year ended 31st May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 24 February 2017 .

M.R Manning

Company Registration Number: 04609230

FIRST QUAY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31ST MAY 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents the value of services provided during the year.

Fixed assets

All fixed assets are initially recorded at cost .

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment-20% per annum on net book value

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1st June 2015 and 31st May 2016	1,015
	-------

DEPRECIATION

At 1st June 2015	590
Charge for year	85
	-------
At 31st May 2016	675
	-------

NET BOOK VALUE

At 31st May 2016	340
	----

At 31st May 2015	425
	----

3. SHARE CAPITAL

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------