Qudos Technology Ltd. - Limited company - abbreviated

REGISTERED NUMBER: 01876439 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

QUDOS TECHNOLOGY LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A Magon

Mrs T Barlow

SECRETARY:

Mrs T Barlow

REGISTERED OFFICE:

Juniper House

Hankerton Road

Minety

Malmesbury

Wiltshire

SN8 2DU

REGISTERED NUMBER:

01876439 (England and Wales)

ACCOUNTANTS:

C B Heslop & Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

FIXED ASSETS

Tangible assets

2

-

19,794

CURRENT ASSETS

Stocks

4,600

Debtors

205,379

228,374

Cash at bank and in hand

758

1,134

210,737

234,108

CREDITORS

Amounts falling due within one year

189,642

228,269

NET CURRENT ASSETS

21,095

5,839

TOTAL ASSETS LESS CURRENT
LIABILITIES

21,095

25,633

CAPITAL AND RESERVES

Called up share capital

3

380,697

Other reserves

1,104,640

Profit and loss account

(1,464,242

)

(1,459,704

)

SHAREHOLDERS' FUNDS

21,095

25,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 23 September 2015 and were signed on its behalf
by:

A Magon - Director

Mrs T Barlow - 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.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Office equipment

-

15% 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

109,700

Disposals

(109,700

)

At 31 December 2014

-

DEPRECIATION

At 1 January 2014

89,906

Eliminated on disposal

(89,906

)

At 31 December 2014

-

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

19,794

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

30,350

Ordinary

£1

30,350

347

Ordinary 1

1p

347

350,000

Preference

£1

350,000

380,697

4.	ULTIMATE PARENT COMPANY

On 17th July 2008 the Company become a wholly owned subsidiary of Qudos Micro And Nano Technology

Limited, a company incorporated in England and Wales.

Qudos Technology Ltd. - Limited company - abbreviated - 11.6

Qudos Technology Ltd. - Limited company - abbreviated - 11.6