Quest Technical Recruitment Limited - Accounts to registrar (filleted) - small 18.2

Quest Technical Recruitment Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 03252192(England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 July 2018

for

Quest Technical Recruitment Limited

Quest Technical Recruitment Limited (Registered number: 03252192)






Contents of the Financial Statements
for the Year Ended 31 July 2018




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Quest Technical Recruitment Limited

Company Information
for the Year Ended 31 July 2018







DIRECTORS: Mrs H Spencer BA (Hons) JP
M P Hodgkinson MSc FCIOB
G Bratby BA(Hons) DipPM FCIPD





SECRETARY: M P Hodgkinson MSc FCIOB





REGISTERED OFFICE: Newton House
20-26 Corporation Street
Lincoln
Lincolnshire
LN2 1HN





REGISTERED NUMBER: 03252192(England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Quest Technical Recruitment 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Quest Technical Recruitment Limited for the year ended 31 July 2018 which comprise the
Income Statement, Balance Sheet and the related notes from the company's accounting records and from information
and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Quest Technical Recruitment Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Quest Technical Recruitment Limited and state those matters that we have agreed to state to the Board of Directors of Quest Technical Recruitment Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quest Technical Recruitment Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Quest Technical Recruitment Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Quest Technical Recruitment Limited. You consider that Quest Technical Recruitment Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Quest Technical Recruitment Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


29 October 2018

Quest Technical Recruitment Limited (Registered number: 03252192)

Balance Sheet
31 July 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 998 -

CURRENT ASSETS
Debtors 5 20,094 37,856
Cash at bank and in hand 3,950 9,071
24,044 46,927
CREDITORS
Amounts falling due within one year 6 87,227 86,990
NET CURRENT LIABILITIES (63,183 ) (40,063 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(62,185

)

(40,063

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (62,285 ) (40,163 )
SHAREHOLDERS' FUNDS (62,185 ) (40,063 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 29 October 2018and were signed on its behalf by:




Mrs H Spencer BA (Hons) JP- Director



G Bratby BA(Hons) DipPM FCIPD- Director


Quest Technical Recruitment Limited (Registered number: 03252192)

Notes to the Financial Statements
for the Year Ended 31 July 2018

1. STATUTORY INFORMATION

Quest Technical Recruitment 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.

The accounts are prepared on a going concern basis, as the Directors have confirmed the continued support of
the parent entity LAGAT Limited, a company to whom Quest Technical Recruitment Limited owed £74,477
(2017: £59,928) at the year end. If this support was not to continue, then this basis may not be appropriate. At
the year end the Company had net current liabilities of £63,183 (2017: £40,063).

Turnover
The turnover shown in the profit and loss account represents fees generated from the company's activities
during the period, exclusive of value added tax.

Turnover is recognised on the date the invoice is issued.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold improvements - Straight line over 10 years
Office & computer equipment - 33% on cost and 25% on cost

Fixed assets are initially recorded at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4(2017 - 7) .

Quest Technical Recruitment Limited (Registered number: 03252192)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2018

4. TANGIBLE FIXED ASSETS
Short Office &
leasehold computer
improvements equipment Totals
£    £    £   
COST
At 1 August 2017 3,369 30,040 33,409
Additions 1,070 - 1,070
At 31 July 2018 4,439 30,040 34,479
DEPRECIATION
At 1 August 2017 3,369 30,040 33,409
Charge for year 72 - 72
At 31 July 2018 3,441 30,040 33,481
NET BOOK VALUE
At 31 July 2018 998 - 998
At 31 July 2017 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 17,195 28,766
Other debtors 2,899 9,090
20,094 37,856

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts - 100
Trade creditors 5,837 8,908
Amounts owed to group undertakings 74,477 59,928
Taxation and social security 3,260 14,869
Other creditors 3,653 3,185
87,227 86,990

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100