Q Research Software Limited - Period Ending 2016-11-30

Registration number: 09297555

Q Research Software Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

Q Research Software Limited
(Registration number: 09297555)
Abbreviated Balance Sheet at 30 November 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,787			879
Current assets
Debtors					4,130			6,155
Cash at bank and in hand					132,967			126,899
					137,097			133,054
Creditors: Amounts falling due within one year					(153,736)			(148,670)
Net current liabilities					(16,639)			(15,616)
Net liabilities					(14,852)			(14,737)
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					(15,852)			(15,737)
Shareholders' deficit					(14,852)			(14,737)

For the year ending 30 November 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 director acknowledges his 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 9 October 2017

Mr Timothy Bock
Director

Q Research Software Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis. Although the company has a deficit on the balance sheet, this is covered by the loan from a company under common control. The directors have agreed not to repay any part of this loan to the detriment of the other creditors in the foreseeable future, and they are confident the company will trade out of its current difficulties.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

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

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	33% straight line

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2015		1,368			1,368
Additions		2,020			2,020
At 30 November 2016		3,388			3,388
Depreciation
At 1 December 2015		489			489
Charge for the year		1,112			1,112
At 30 November 2016		1,601			1,601
Net book value
At 30 November 2016		1,787			1,787
At 30 November 2015		879			879

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
ordinary of £1 each		1,000			1,000			1,000			1,000