High Quality Telecommunications Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04246210 (England and Wales)

Abbreviated Accounts for the Year Ended 30 November 2014

for

High Quality Telecommunications Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D J Varley

Mrs H Varley

G D Varley

SECRETARY:

Mrs H Varley

REGISTERED OFFICE:

PO Box 55

1 South Crescent

Ripon

North Yorkshire

HG4 1XW

REGISTERED NUMBER:

04246210 (England and Wales)

ACCOUNTANTS:

Eura Audit UK

P O Box 55

Eva Lett House

1 South Crescent

Ripon

North Yorkshire

HG4 1XW

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

6,906

8,910

6,906

8,910

CURRENT ASSETS

Stocks

8,773

8,045

Debtors

25,886

70,982

Cash at bank

251,499

194,139

286,158

273,166

CREDITORS

Amounts falling due within one year

232,163

221,216

NET CURRENT ASSETS

53,995

51,950

TOTAL ASSETS LESS CURRENT LIABILITIES

60,901

60,860

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

59,901

59,860

SHAREHOLDERS' FUNDS

60,901

60,860

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 16 June 2015 and were signed on its behalf by:

G D Varley - 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 2001, 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.

Fixtures and Fittings

-

25% on reducing balance

Motor Vehicles

-

25% on reducing balance

Computer Equipment

-

33% on reducing balance

Stocks

Stocks 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

and 30 November 2014

100,000

AMORTISATION

At 1 December 2013

and 30 November 2014

100,000

NET BOOK VALUE

At 30 November 2014

-

At 30 November 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

38,408

Additions

624

At 30 November 2014

39,032

DEPRECIATION

At 1 December 2013

29,498

Charge for year

2,628

At 30 November 2014

32,126

NET BOOK VALUE

At 30 November 2014

6,906

At 30 November 2013

8,910

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

1

1,000

1,000