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Registration number: 6734364

Q3 Analytical Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2015
 

Hugh Davies & Co
35 Chequers Court
Brown Street
Salisbury
Wiltshire
SP1 2AS

 

Q3 Analytical Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Q3 Analytical Limited
(Registration number: 6734364)
Abbreviated Balance Sheet at 31 October 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Tangible fixed assets

 

2

   

8,726

   

11,636

 

Current assets

 

             

Debtors

 

   

3,917

   

1,098

 

Cash at bank and in hand

 

   

5,143

   

-

 
   

   

9,060

   

1,098

 

Creditors: Amounts falling due within one year

 

   

(13,594)

   

(4,966)

 

Net current liabilities

 

   

(4,534)

   

(3,868)

 

Total assets less current liabilities

 

   

4,192

   

7,768

 

Creditors: Amounts falling due after more than one year

 

   

(989)

   

-

 

Provisions for liabilities

 

   

(1,745)

   

(2,327)

 

Net assets

 

   

1,458

   

5,441

 

Capital and reserves

 

             

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

1,358

   

5,341

 

Shareholders' funds

 

   

1,458

   

5,441

 

For the year ending 31 October 2015 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 director acknowledges his 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 director on 2 February 2016

.........................................
N K Burton
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Q3 Analytical Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Fixtures, fitting and equipment

25% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company contributes to defined contribution pension schemes. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

 

Q3 Analytical Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 November 2014

 

58,464

   

58,464

 

At 31 October 2015

 

58,464

   

58,464

 

Depreciation

           

At 1 November 2014

 

46,828

   

46,828

 

Charge for the year

 

2,910

   

2,910

 

At 31 October 2015

 

49,738

   

49,738

 

Net book value

           

At 31 October 2015

 

8,726

   

8,726

 

At 31 October 2014

 

11,636

   

11,636

 

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 
                         

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