Qcom Outsourcing Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01372621 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

FOR

QCOM OUTSOURCING LTD

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTORS:

N E Anderson

Mrs K M Anderson

SECRETARY:

Mrs K M Anderson

REGISTERED OFFICE:

Premier Unit 3

Wassage Way

Hampton Lovett Industrial Estate

DROITWICH

Worcestershire

WR9 0NX

REGISTERED NUMBER:

01372621 (England and Wales)

ACCOUNTANTS:

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Qcom Outsourcing Ltd for the year ended 30 April 2014 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to

its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Qcom Outsourcing Ltd, as a body, in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Qcom

Outsourcing Ltd and state those matters that we have agreed to state to the Board of Directors of Qcom Outsourcing

Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of

Directors, as a body, for our work or for this report.

It is your duty to ensure that Qcom Outsourcing Ltd has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Qcom

Outsourcing Ltd. You consider that Qcom Outsourcing Ltd 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 financial statements of Qcom Outsourcing Ltd. 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 financial statements.

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

30 January 2015

FIXED ASSETS

Intangible assets

2

16,875

33,750

Tangible assets

3

61,721

61,119

Investments

4

11,570

225

90,166

95,094

CURRENT ASSETS

Stocks

280,321

279,352

Debtors

442,001

483,101

Cash at bank

57,368

222,918

779,690

985,371

CREDITORS

Amounts falling due within one year

760,372

871,805

NET CURRENT ASSETS

19,318

113,566

TOTAL ASSETS LESS CURRENT LIABILITIES

109,484

208,660

PROVISIONS FOR LIABILITIES

7,002

6,850

NET ASSETS

102,482

201,810

CAPITAL AND RESERVES

Called up share capital

5

10,000

10,000

Profit and loss account

92,482

191,810

SHAREHOLDERS' FUNDS

102,482

201,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 30 January 2015 and were signed on its behalf by:

N E Anderson - 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).

Preparation of consolidated financial statements

The financial statements contain information about Qcom Outsourcing Ltd as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill is the amount paid in connection with the acquisition of various businesses. Goodwill is not amortised

but is systematically tested for impairment annually and further tested at each balance sheet date if there is any

evidence of potential impairment.

An impairment loss is recognised in the profit and loss account whenever the carrying amount of goodwill

exceeds its recoverable amount.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

at variable rates on reducing balance

Motor vehicles

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

155,728

AMORTISATION

At 1 May 2013

121,978

Amortisation for year

16,875

At 30 April 2014

138,853

NET BOOK VALUE

At 30 April 2014

16,875

At 30 April 2013

33,750

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

248,877

Additions

29,291

At 30 April 2014

278,168

DEPRECIATION

At 1 May 2013

187,758

Charge for year

28,689

At 30 April 2014

216,447

NET BOOK VALUE

At 30 April 2014

61,721

At 30 April 2013

61,119

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 May 2013

225

Additions

11,345

At 30 April 2014

11,570

NET BOOK VALUE

At 30 April 2014

11,570

At 30 April 2013

225

The company's investments at the balance sheet date in the share capital of companies include the following:

Q-Com Services Limited

Nature of business: Maintenance of computer & thermal printers

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

267

1,108

Lambda Technical Services Limited

Nature of business: Service and repair of labelling equipment

%

Class of shares:

holding

Ordinary

25.00

31.3.13

31.3.12

£

£

Aggregate capital and reserves

6,531

5,626

Profit/(loss) for the period/year

1,005

(5,060

)

Qcom Outsourcing (NI) Limited

Nature of business: Dormant company

%

Class of shares:

holding

Ordinary

50.00

2014

£

Aggregate capital and reserves

2

Global Retail IT Limited

Nature of business: Retail IT systems development

%

Class of shares:

holding

Ordinary

50.00

2014

£

Aggregate capital and reserves

(33,747

)

Loss for the year

(34,747

)

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100,000

Ordinary

10p

10,000

10,000

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2014 and

30 April 2013:

2014

2013

£

£

N E Anderson and Mrs K M Anderson

Balance outstanding at start of year

(104

)

(574

)

Amounts advanced

99

-

Amounts repaid

-

470

Balance outstanding at end of year

(5

)

(104

)