VQ Solutions Limited - Accounts to registrar (filleted) - small 17.3

VQ Solutions Limited - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 06504179(England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

VQ SOLUTIONS LIMITED

VQ SOLUTIONS LIMITED (REGISTERED NUMBER: 06504179)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

VQ SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2017







DIRECTORS: A Gilmour
Mrs A Gilmour





SECRETARY: Mrs A Gilmour





REGISTERED OFFICE: 13 Tewit Well Road
Harrogate
North Yorkshire
HG2 8JE





REGISTERED NUMBER: 06504179(England and Wales)





ACCOUNTANTS: Smith Wilson Limited
2A Acomb Court
Acomb
York
North Yorkshire
YO24 3BJ

VQ SOLUTIONS LIMITED (REGISTERED NUMBER: 06504179)

BALANCE SHEET
28 FEBRUARY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,367 5,612

CURRENT ASSETS
Debtors 5 29,716 29,716
Cash at bank 39,045 34,177
68,761 63,893
CREDITORS
Amounts falling due within one year 6 32,856 19,460
NET CURRENT ASSETS 35,905 44,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,272

50,045

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 43,172 49,945
SHAREHOLDERS' FUNDS 43,272 50,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 November 2017and were signed on its behalf by:





A Gilmour- Director


VQ SOLUTIONS LIMITED (REGISTERED NUMBER: 06504179)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017

1. STATUTORY INFORMATION

VQ Solutions Limited is a private company, limited by shares, registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added
tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that
it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted
or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4.

VQ SOLUTIONS LIMITED (REGISTERED NUMBER: 06504179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2017

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 29 February 2016 2,304 15,285 17,589
Additions - 4,882 4,882
At 28 February 2017 2,304 20,167 22,471
DEPRECIATION
At 29 February 2016 727 11,250 11,977
Charge for year 158 2,969 3,127
At 28 February 2017 885 14,219 15,104
NET BOOK VALUE
At 28 February 2017 1,419 5,948 7,367
At 28 February 2016 1,577 4,035 5,612

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 350 350
Loan to Skylime Limited 29,366 29,366
29,716 29,716

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 24,551 6,523
Tax 7,259 11,866
Directors' current accounts 152 190
Accrued expenses 894 881
32,856 19,460

VQ SOLUTIONS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
VQ SOLUTIONS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.
Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are
not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2017 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Smith Wilson Limited
2A Acomb Court
Acomb
York
North Yorkshire
YO24 3BJ


24 November 2017