Quality Motor Company 07018433 false true 2015-10-01 2016-09-30 2016-09-30 07018433 2015-10-01 2016-09-30 07018433 2016-09-30 07018433 uk-bus:Director1 2015-10-01 2016-09-30 07018433 uk-bus:EntityAccountantsOrAuditors 2015-10-01 2016-09-30 07018433 2015-09-30 07018433 2014-10-01 2015-09-30 07018433 2015-09-30 iso4217:GBP

Registration number: 07018433

Quality Motor Company

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2016
 

Sujatha Renganathan FCCA-AIMS Accountants for Business
Chartered Certified Accountant
167 Kenmore Avenue
HA3 8PB

 

Quality Motor Company
Contents

Director's Report

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4

 

Quality Motor Company
Director's Report for the Year Ended 30 September 2016

The director presents his report and the unaudited financial statements for the year ended 30 September 2016.

Director of the company

The director who held office during the year was as follows:

Mr Mohammed Shahid Malik

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 9 June 2017 and signed on its behalf by:

.........................................
Mr Mohammed Shahid Malik
Director

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Quality Motor Company
for the Year Ended 30 September 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Quality Motor Company for the year ended 30 September 2016 set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Quality Motor Company, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Quality Motor Company and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quality Motor Company and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Quality Motor Company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Quality Motor Company. You consider that Quality Motor Company 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 accounts of Quality Motor Company. 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 accounts.

......................................

Sujatha Renganathan FCCA-AIMS Accountants for Business
Chartered Certified Accountant
167 Kenmore Avenue
HA3 8PB

9 June 2017

 

Quality Motor Company
Profit and Loss Account for the Year Ended 30 September 2016

   

2016
£

   

2015
£

 

Turnover

 

859,437

   

629,470

 

Cost of raw materials and consumables

 

(766,110)

   

(562,451)

 

Staff costs

 

(19,798)

   

(18,362)

 

Depreciation and other amounts written off assets

 

(1,875)

   

(1,875)

 

Other charges

 

(52,616)

   

(35,562)

 

Tax

 

(3,808)

   

(2,619)

 

Profit

 

15,230

   

8,601

 
 

Quality Motor Company
(Registration number: 07018433)
Balance Sheet at 30 September 2016

   

2016
£

   

2015
£

 

Fixed assets

 

24,375

   

26,250

 

Current assets

 

282,188

   

253,491

 

Creditors: Amounts falling due within one year

 

(3,808)

   

(264,878)

 

Net current assets/(liabilities)

 

278,380

   

(11,387)

 

Total assets less current liabilities

 

302,755

   

14,863

 

Creditors: Amounts falling due after more than one year

 

(264,862)

   

-

 

Accruals and deferred income

 

(7,800)

   

-

 

Net assets

 

30,093

   

14,863

 

Capital and reserves

 

30,093

   

14,863

 
 

These accounts have been prepared in accordance with the micro-entity provisions and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ending 30 September 2016 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.

Approved and authorised for issue by the director on 9 June 2017

.........................................
Mr Mohammed Shahid Malik
Director