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Company Registration No. 09461580 (England and Wales)
HQ Construction Consultants Ltd Unaudited accounts for the year ended 28 February 2018
HQ Construction Consultants Ltd Unaudited accounts Contents
Page
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HQ Construction Consultants Ltd Company Information for the year ended 28 February 2018
Director
Phoebe Quinn
Company Number
09461580 (England and Wales)
Registered Office
1ST FLOOR, AUDIT HOUSE 151 HIGH STREET BILLERICAY CM12 9AB ENGLAND
Accountants
First Call Accounting Ltd 1st Floor Audit House 151 High Street Billericay Essex CM12 9AB
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HQ Construction Consultants Ltd Statement of financial position as at 28 February 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
354 
- 
Current assets
Debtors
23,078 
8,160 
Cash at bank and in hand
5,420 
- 
28,498 
8,160 
Creditors: amounts falling due within one year
(28,474)
(7,607)
Net current assets
24 
553 
Net assets
378 
553 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
278 
453 
Shareholders' funds
378 
553 
For the year ending 28 February 2018 the company was entitled to exemption from audit 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 8 November 2018.
Phoebe Quinn Director Company Registration No. 09461580
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HQ Construction Consultants Ltd Notes to the Accounts for the year ended 28 February 2018
1
Statutory information
HQ Construction Consultants Ltd is a private company, limited by shares, registered in England and Wales, registration number 09461580. The registered office is 1ST FLOOR, AUDIT HOUSE, 151 HIGH STREET, BILLERICAY, CM12 9AB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line method
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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HQ Construction Consultants Ltd Notes to the Accounts for the year ended 28 February 2018
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2017
- 
Additions
505 
At 28 February 2018
505 
Depreciation
Charge for the year
151 
At 28 February 2018
151 
Net book value
At 28 February 2018
354 
5
Debtors
2018 
2017 
£ 
£ 
Trade debtors
10,043 
8,160 
Other debtors
13,035 
- 
23,078 
8,160 
6
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Trade creditors
6,074 
- 
Taxes and social security
34,553 
16,437 
Other creditors
1,502 
- 
Loans from directors
(13,655)
(8,830)
28,474 
7,607 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Phoebe Quinn
Phoebe Quinn Directors' Loan
8,830 
122,050 
117,225 
13,655 
8,830 
122,050 
117,225 
13,655 
There is a balance owed to the company by the director of £13,655 (2017 - £8,830) in respect of excess drawings from the company in anticipation of higher profits from which to declare dividends. Interest has been charged at a rate of 3% on the average balance throughout the year.
8
Average number of employees
During the year the average number of employees was 1 (2017: 1).
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