Quick Labour Ltd
Abbreviated Accounts
31 July 2016
Registered number
05393186
Quick Labour Ltd
Registered number: 05393186
Abbreviated Balance Sheet
as at 31 July 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 209,501 18,117
Current assets
Debtors 618,720 384,392
Cash at bank and in hand 62,375 87,313
681,095 471,705
Creditors: amounts falling due within one year (789,069) (439,173)
Net current (liabilities)/assets (107,974) 32,532
Net assets 101,527 50,649
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 101,526 50,648
Shareholders' funds 101,527 50,649
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
G Singh
Director
Approved by the board on 28 February 2017
Quick Labour Ltd
Notes to the Abbreviated Accounts
for the period ended 31 July 2016
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% Reducing Balance
Motor vehicles 25% Reducing Balance
2 Tangible fixed assets £
Cost
At 1 March 2015 49,882
Additions 263,170
At 31 July 2016 313,052
Depreciation
At 1 March 2015 31,764
Charge for the period 71,787
At 31 July 2016 103,551
Net book value
At 31 July 2016 209,501
At 28 February 2015 18,118
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
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