Find closest multiple of $16$ to $29$. We see that $1 \times 16 = 16$ is the nearest. Now subtract $16$ from $29$ to get reminder $13$. Add $1$ to quotient.
Since $13$ is less than $16$, stop the division. The reminder is $13$. The topmost line $01$ is the quotient. Remove all zeros at the start of the quotient to get the actual quotient $1$.