Registered Number 07018433

QUALITY MOTOR COMPANY LTD

Abbreviated Accounts

30 September 2013

QUALITY MOTOR COMPANY LTD Registered Number 07018433

Abbreviated Balance Sheet as at 30 September 2013

Notes 2013 2012
£ £
Fixed assets
Intangible assets 2 30,000 31,875
Tangible assets 3 1,658 3,294
31,658 35,169
Current assets
Stocks 174,445 172,793
Debtors 23,017 29,178
Cash at bank and in hand 14,214 17,023
211,676 218,994
Creditors: amounts falling due within one year (179,317) (192,233)
Net current assets (liabilities) 32,359 26,761
Total assets less current liabilities 64,017 61,930
Creditors: amounts falling due after more than one year (80,000) (80,000)
Total net assets (liabilities) (15,983) (18,070)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (16,983) (19,070)
Shareholders' funds (15,983) (18,070)
  • For the year ending 30 September 2013 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 23 June 2014

And signed on their behalf by:
Mr.Mohammed Malik, Director

QUALITY MOTOR COMPANY LTD Registered Number 07018433

Notes to the Abbreviated Accounts for the period ended 30 September 2013

1Accounting Policies

Basis of measurement and preparation of accounts
Turnover is net of vat

2Intangible fixed assets
£
Cost
At 1 October 2012 37,500
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2013 37,500
Amortisation
At 1 October 2012 5,625
Charge for the year 1,875
On disposals -
At 30 September 2013 7,500
Net book values
At 30 September 2013 30,000
At 30 September 2012 31,875
3Tangible fixed assets
£
Cost
At 1 October 2012 8,180
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2013 8,180
Depreciation
At 1 October 2012 4,886
Charge for the year 1,636
On disposals -
At 30 September 2013 6,522
Net book values
At 30 September 2013 1,658
At 30 September 2012 3,294