QLM Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05726702 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

QLM Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R I Wingate

Mrs S I Wingate

SECRETARY:

Mrs S I Wingate

REGISTERED OFFICE:

The Byre

East Greylake

Yarnscombe

Barnstaple

Devon

EX31 3NQ

REGISTERED NUMBER:

05726702 (England and Wales)

ACCOUNTANTS:

Large Chartered Accountants

13 Silver Street

Barnstaple

Devon

EX32 8HR

FIXED ASSETS

Intangible assets

2

3,400

6,800

Tangible assets

3

1,602

2,002

5,002

8,802

CURRENT ASSETS

Debtors

11,862

1,252

Cash at bank

145

378

12,007

1,630

CREDITORS

Amounts falling due within one year

14,255

9,858

NET CURRENT LIABILITIES

(2,248

)

(8,228

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,754

574

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

2,752

572

SHAREHOLDERS' FUNDS

2,754

574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 May 2015 and were signed on its behalf by:

Mrs S I Wingate - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

34,000

AMORTISATION

At 1 April 2014

27,200

Amortisation for year

3,400

At 31 March 2015

30,600

NET BOOK VALUE

At 31 March 2015

3,400

At 31 March 2014

6,800

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

6,927

DEPRECIATION

At 1 April 2014

4,925

Charge for year

400

At 31 March 2015

5,325

NET BOOK VALUE

At 31 March 2015

1,602

At 31 March 2014

2,002

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

2

Ordinary

1

2

2