Abbreviated Company Accounts - QUANTUMFDS LIMITED

Abbreviated Company Accounts - QUANTUMFDS LIMITED

QUANTUMFDS LIMITED - Company Information

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Registered Number 07937166

QUANTUMFDS LIMITED

Abbreviated Accounts

31 March 2014

QUANTUMFDS LIMITED Registered Number 07937166

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 1,888 1,451
1,888 1,451
Current assets
Debtors - 2,437
Cash at bank and in hand 88,482 77,004
88,482 79,441
Creditors: amounts falling due within one year (6,761) (21,201)
Net current assets (liabilities) 81,721 58,240
Total assets less current liabilities 83,609 59,691
Total net assets (liabilities) 83,609 59,691
Capital and reserves
Called up share capital 20 20
Profit and loss account 83,589 59,671
Shareholders' funds 83,609 59,691
  • For the year ending 31 March 2014 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 directors acknowledge their 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 Board on 29 December 2014

And signed on their behalf by:
S Chohan, Director

QUANTUMFDS LIMITED Registered Number 07937166

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

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

Fixtures, fittings and equipment - 25% reducing basis

2Tangible fixed assets
£
Cost
At 1 April 2013 1,935
Additions 1,067
Disposals -
Revaluations -
Transfers -
At 31 March 2014 3,002
Depreciation
At 1 April 2013 484
Charge for the year 630
On disposals -
At 31 March 2014 1,114
Net book values
At 31 March 2014 1,888
At 31 March 2013 1,451