Registered Number 04681082

A QUARTER OF LIMITED

Abbreviated Accounts

30 June 2015

A QUARTER OF LIMITED Registered Number 04681082

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 42,524 42,421
42,524 42,421
Current assets
Stocks 134,883 116,650
Debtors 88,017 79,292
Cash at bank and in hand 217,086 284,932
439,986 480,874
Creditors: amounts falling due within one year (137,988) (159,941)
Net current assets (liabilities) 301,998 320,933
Total assets less current liabilities 344,522 363,354
Provisions for liabilities (7,859) (7,697)
Total net assets (liabilities) 336,663 355,657
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 336,661 355,655
Shareholders' funds 336,663 355,657
  • For the year ending 30 June 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 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 March 2016

And signed on their behalf by:
MJ Parker, Director

A QUARTER OF LIMITED Registered Number 04681082

Notes to the Abbreviated Accounts for the period ended 30 June 2015

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
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Plant & Machinery - 15% reducing balance
Fixtures & Fittings - 15% reducing balance
Motor Vehicles - 15% reducing balance
Computer Equipment - 33% straight line

Other accounting policies
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of
ownership remain with the lessor are charged against profits on a straight line basis over the
period of the lease.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that will
result in an obligation to pay more, or a right to pay less or to receive more tax.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in
the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.

2Tangible fixed assets
£
Cost
At 1 July 2014 126,697
Additions 8,650
Disposals -
Revaluations -
Transfers -
At 30 June 2015 135,347
Depreciation
At 1 July 2014 84,276
Charge for the year 8,547
On disposals -
At 30 June 2015 92,823
Net book values
At 30 June 2015 42,524
At 30 June 2014 42,421
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
2 Ordinary shares of £1 each 2 2

4Transactions with directors

Name of director receiving advance or credit: MJ Parker
Description of the transaction: Loan
Balance at 1 July 2014: £ 44,405
Advances or credits made: £ 56,022
Advances or credits repaid: £ 44,405
Balance at 30 June 2015: £ 56,022