Quest Technical Recruitment Limited - Abbreviated accounts 16.3

Quest Technical Recruitment Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 03252192


























Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

Quest Technical Recruitment Limited

Quest Technical Recruitment Limited (Registered number: 03252192)






Contents of the Abbreviated Accounts
for the Year Ended 31 July 2016




Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

Quest Technical Recruitment Limited

Company Information
for the Year Ended 31 July 2016







DIRECTORS: Mrs H Spencer
M P Hodgkinson MSc FCIOB
G Bratby





SECRETARY: M P Hodgkinson MSc FCIOB





REGISTERED OFFICE: Newton House
20-26 Corporation Street
Lincoln
Lincolnshire
LN2 1HN





REGISTERED NUMBER: 03252192





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Quest Technical Recruitment Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Quest Technical Recruitment Limited for the year ended 31 July 2016 which comprise the Profit
and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Quest Technical Recruitment Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Quest Technical Recruitment Limited and state those matters that we have agreed to state to the Board of Directors of Quest Technical Recruitment Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quest Technical Recruitment Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Quest Technical Recruitment Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Quest Technical Recruitment Limited. You consider that Quest Technical Recruitment Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Quest Technical Recruitment Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


25 November 2016

Quest Technical Recruitment Limited (Registered number: 03252192)

Abbreviated Balance Sheet
31 July 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,436 2,864

CURRENT ASSETS
Debtors 44,615 54,601
Cash at bank and in hand 8,512 18,648
53,127 73,249
CREDITORS
Amounts falling due within one year 99,416 118,283
NET CURRENT LIABILITIES (46,289 ) (45,034 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(44,853

)

(42,170

)

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account (44,953 ) (42,270 )
SHAREHOLDERS' FUNDS (44,853 ) (42,170 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 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 25 November 2016 and were signed on its behalf
by:




M P Hodgkinson MSc FCIOB - Director



Mrs H Spencer - Director


Quest Technical Recruitment Limited (Registered number: 03252192)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared on a going concern basis, as the Directors have confirmed the continued support of
the parent entity LAGAT Limited, a company to whom Quest Technical Recruitment Limited owed £85,385
(2015: £97,512) at the year end. If this support was not to continue, then this basis may not be appropriate.

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
The turnover shown in the profit and loss account represents fees generated from the company's activities
during the period, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold improvements - Straight line over 5 years
Office & computer equipment - 33% on cost and 25% on cost

Fixed assets are initially recorded at cost.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date where transactions or events that result in an obligation to pay more or less tax in the future
have occurred at the balance sheet date. Timing differences are differences between the company's taxable
profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax
assessments in periods different from those in which they are recognised in the financial statements.

A net deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all
available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from
which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing
differences are expected to reverse, based on tax rates and laws that have been enacted or substantially
enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015
and 31 July 2016 33,409
DEPRECIATION
At 1 August 2015 30,545
Charge for year 1,428
At 31 July 2016 31,973
NET BOOK VALUE
At 31 July 2016 1,436
At 31 July 2015 2,864

3. CALLED UP SHARE CAPITAL

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

Quest Technical Recruitment Limited (Registered number: 03252192)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2016

4. CONTROLLING PARTIES

The company is 100% controlled by LAGAT Limited, a company that is incorporated in the United Kingdom.

The company does not have an ultimate controlling party.