ACCOUNTS - Final Accounts

Share capital

Shares classified as equity

QUINTESSENTIALLY DESIGN LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-04-302017-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrueNo description of principal activityfalse2016-05-01 06544362 2016-05-01 2017-04-30 06544362 2015-05-01 2016-04-30 06544362 2017-04-30 06544362 2016-04-30 06544362 c:Director1 2016-05-01 2017-04-30 06544362 d:CurrentFinancialInstruments 2017-04-30 06544362 d:CurrentFinancialInstruments 2016-04-30 06544362 d:CurrentFinancialInstruments d:WithinOneYear 2017-04-30 06544362 d:CurrentFinancialInstruments d:WithinOneYear 2016-04-30 06544362 d:ShareCapital 2017-04-30 06544362 d:ShareCapital 2016-04-30 06544362 d:RetainedEarningsAccumulatedLosses 2017-04-30 06544362 d:RetainedEarningsAccumulatedLosses 2016-04-30 06544362 c:OrdinaryShareClass1 2016-05-01 2017-04-30 06544362 c:OrdinaryShareClass1 2017-04-30 06544362 c:FRS102 2016-05-01 2017-04-30 06544362 c:AuditExempt-NoAccountantsReport 2016-05-01 2017-04-30 06544362 c:FullAccounts 2016-05-01 2017-04-30 06544362 c:PrivateLimitedCompanyLtd 2016-05-01 2017-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06544362

QUINTESSENTIALLY DESIGN LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017


QUINTESSENTIALLY DESIGN LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


QUINTESSENTIALLY DESIGN LIMITED REGISTERED NUMBER:06544362

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2017

	2017	2016
Note	£	£


Current assets
Debtors: amounts falling due within one year	4	1,022	517,017
Cash at bank and in hand		-	1,000
		1,022	518,017
Creditors: amounts falling due within one year	5	(19,862)	(531,912)

Net liabilities		(18,840)	(13,895)

Capital and reserves
Called up share capital	6	172	172
Profit and loss account		(19,012)	(14,067)
		(18,840)	(13,895)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2018.

A T Simpson

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


QUINTESSENTIALLY DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

1.	General information

Quintessentially Design Limited is a limited liability company incorporated in England and Wales with its registered office at 29 Portland Place, London, W1B 1QB.

The financial statements are presented in £ Sterling, which is the functional currency of the company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis which is dependent upon the continued support of connected companies under common control. In the opinion of the directors the company will continue to receive such financial support as may be required to enable it to meet its liabilities for at least 12 months following the date of approval of the financial statements and on this basis the directors have prepared the financial statements on a going concern.

2.3

Revenue

Revenue represents amounts receivable for design services, net of Value Added Tax.

Revenue is recognised as contract activity progresses according to the percentage of completion.

2.4

Debtors

Short term debtors are measured at transaction price.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.7

Creditors

Short term creditors are measured at the transaction price.

Page 2


QUINTESSENTIALLY DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

Employees

The average monthly number of employees, including directors, during the year was 6 (2016 - 6).

Debtors

					2017	2016
					£	£


Trade debtors	600	386,845
Other debtors	422	172
Prepayments and accrued income	-	130,000
	1,022	517,017

5.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Trade creditors	-	4,325
Other taxation and social security	-	58,837
Other creditors	19,862	467,500
Accruals and deferred income	-	1,250
	19,862	531,912

Allotted, called up and fully paid

17,200 Ordinary shares of £0.01 each	172	172

7.	Related party transactions
	The company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

Page 3


QUINTESSENTIALLY DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

8.	Controlling party

The company is a subsidiary of Quintessentially Media Limited, a company registered in England and Wales. The directors regard Quintessentially Partners LLP, a limited liability partnership registered in England & Wales, as the ultimate parent undertaking.

Page 4