Registered Number 07018433

QUALITY MOTOR COMPANY LTD

Abbreviated Accounts

30 September 2012

QUALITY MOTOR COMPANY LTD Registered Number 07018433

Abbreviated Balance Sheet as at 30 September 2012

Notes 2012 2011
£ £
Fixed assets
Intangible assets 2 31,875 33,750
Tangible assets 3 3,294 4,930
35,169 38,680
Current assets
Stocks 172,793 163,925
Debtors 4 29,178 13,376
Cash at bank and in hand 17,023 26,716
218,994 204,017
Creditors: amounts falling due within one year (192,233) (174,133)
Net current assets (liabilities) 26,761 29,884
Total assets less current liabilities 61,930 68,564
Creditors: amounts falling due after more than one year (80,000) (80,000)
Total net assets (liabilities) (18,070) (11,436)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (19,070) (12,436)
Shareholders' funds (18,070) (11,436)
  • For the year ending 30 September 2012 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 10 July 2013

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 2012

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.

2Intangible fixed assets
£
Cost
At 1 October 2011 37,500
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2012 37,500
Amortisation
At 1 October 2011 3,750
Charge for the year 1,875
On disposals -
At 30 September 2012 5,625
Net book values
At 30 September 2012 31,875
At 30 September 2011 33,750
3Tangible fixed assets
£
Cost
At 1 October 2011 8,180
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2012 8,180
Depreciation
At 1 October 2011 3,250
Charge for the year 1,636
On disposals -
At 30 September 2012 4,886
Net book values
At 30 September 2012 3,294
At 30 September 2011 4,930
4Debtors
2012
£
2011
£
Debtors include the following amounts due after more than one year 0 0

none of the ammounts are over one year