2013-10-01
true
false
Private Limited Company
04080469
2014-09-30
04080469
2013-10-01
2014-09-30
04080469
2013-09-30
04080469
2012-10-01
2013-09-30
04080469
uk-bus:Director1
2013-10-01
2014-09-30
04080469
uk-gaap:ComputerEquipment
2013-10-01
2014-09-30
04080469
uk-gaap:FixturesFittings
2013-10-01
2014-09-30
04080469
uk-bus:AllOrdinaryShares
2014-09-30
iso4217:GBP
For the year ended 30 September 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04080469
2
QSL Limited
For the year ended 30 September 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
QSL Limited
Chartered Accountants' Report
For the year ended 30 September 2014
Chartered Accountants' Report to the Board of Directors
| In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts |
| of QSL Limited for the year ended 30 September 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 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 QSL Limited, as a body, in accordance with the terms of our |
| engagement letter dated 20 July 2004. Our work has been undertaken solely to prepare for your approval the accounts of |
| QSL Limited and state those matters that we have agreed to state to the Board of Directors of QSL Limited, 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 QSL Limited and its Board of Directors as a body for our |
| work or for this report. |
| It is your duty to ensure that QSL Limited has kept adequate accounting records to prepare statutory accounts that give a |
| true and fair view of the assets, liabilities, financial position and profit of QSL Limited. You consider that QSL Limited |
| 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 accounts of QSL Limited. 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 accounts. |
Marray & McIntyre
Chartered Accountants
Hawthorn House
1Medlicott Close
Corby
Northants
NN18 9NF
24 February 2015
1 of 4
4
| Abbreviated Balance Sheet |
QSL Limited
2014
2013
2
5,649
6,827
5,649
6,827
3
157,296
84,421
450,182
473,880
534,603
631,176
| Creditors: amounts falling due within one year |
(243,965)
(176,053)
387,211
358,550
Net current assets
| Total assets less current liabilities |
364,199
394,038
(954)
(1,157)
| Provisions for liabilities |
363,245
Net assets
392,881
100
4
100
363,145
392,781
363,245
392,881
Shareholders funds
| For the year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges his 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. |
| Date approved by the board: 24 February 2015 |
| Signed on behalf of the board of directors |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
QSL Limited
For the year ended 30 September 2014
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Finance lease and hire purchase charges |
| The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the |
| shareholders prior to the balance sheet date. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Fixtures and Fittings
3 of 4
6
| Notes to the Abbreviated Financial Statements |
QSL Limited
For the year ended 30 September 2014
25,874
471
26,345
19,047
1,649
Charge for year
20,696
5,649
6,827
All debtors are receivable within one year
| 100 Ordinary Shares shares of £1.00 each |
| Allotted called up and fully paid |
2014
2013
| 100 Ordinary Shares shares of £1.00 each |
100
100
100
100
4 of 4
