Energy Quest International Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04192459 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Energy Quest International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E L Barclay

S M Barclay

SECRETARY:

REGISTERED OFFICE:

The Old Parish Rooms

Station Road

Burley In Wharfedale

Ilkley

West Yorkshire

LS29 7JL

REGISTERED NUMBER:

04192459 (England and Wales)

ACCOUNTANTS:

Isaacs

Trust House

St James Business Park

5 New Augustus Street

Bradford

West Yorkshire

BD1 5LL

FIXED ASSETS

Tangible assets

3

38,239

33,628

CURRENT ASSETS

Debtors

4

14,614

1,566

Cash at bank

204,362

73,923

218,976

75,489

CREDITORS

Amounts falling due within one year

5

132,495

82,654

NET CURRENT ASSETS/(LIABILITIES)

86,481

(7,165

)

TOTAL ASSETS LESS CURRENT LIABILITIES

124,720

26,463

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

124,718

26,461

SHAREHOLDERS' FUNDS

124,720

26,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 11 December 2017 and were signed on its behalf by:

Mrs E L Barclay - Director

S M Barclay - Director

1.	STATUTORY INFORMATION

Energy Quest International 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.

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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

33,628

Additions

17,358

At 31 March 2017

50,986

DEPRECIATION

Charge for year

12,747

At 31 March 2017

12,747

NET BOOK VALUE

At 31 March 2017

38,239

At 31 March 2016

33,628

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

14,614

1,566

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

5,125

(1

)

Taxation and social security

119,601

77,129

Other creditors

7,769

5,526

132,495

82,654