Quality Sino Merchandise Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 00758091 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

QUALITY SINO MERCHANDISE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs M L Judge

Mr P J Judge

SECRETARY:

Mrs M L Judge

REGISTERED OFFICE:

Arrowsmith Court

Station Approach

Broadstone

Dorset

BH18 8AT

REGISTERED NUMBER:

00758091 (England and Wales)

ACCOUNTANTS:

Newton Magnus

Chartered Certified Accountants

& Statutory Auditors

Arrowsmith Court

Station Approach

Broadstone

Dorset

BH18 8AT

FIXED ASSETS

Tangible assets

2

585,381

585,448

Investments

3

436,515

480,593

1,021,896

1,066,041

CURRENT ASSETS

Debtors

-

1,397

Cash at bank

53,982

73,098

53,982

74,495

CREDITORS

Amounts falling due within one year

(38,393

)

(42,551

)

NET CURRENT ASSETS

15,589

31,944

TOTAL ASSETS LESS CURRENT LIABILITIES

1,037,485

1,097,985

PROVISIONS FOR LIABILITIES

(76

)

(90

)

NET ASSETS

1,037,409

1,097,895

CAPITAL AND RESERVES

Called up share capital

4

3,295

3,295

Revaluation reserve

218,643

218,643

Profit and loss account

815,471

875,957

SHAREHOLDERS' FUNDS

1,037,409

1,097,895

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 6 October 2015 and were signed on its behalf by:

Mr P J Judge - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The company is entitled to the exemption under Section 383 of the Companies Act 2006 from the obligations to

prepare group accounts.

Turnover

Turnover represents the value of goods and services supplied during the year, 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.

Fixtures and fittings

-

15% on reducing balance

Deferred tax

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

sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or

a right to pay less or to receive more, tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets,

and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that,a t

the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is

made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the

taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are

sold;

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2014

and 31 March 2015

599,336

DEPRECIATION

At 1 April 2014

13,888

Charge for year

67

At 31 March 2015

13,955

NET BOOK VALUE

At 31 March 2015

585,381

At 31 March 2014

585,448

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST OR VALUATION

At 1 April 2014

480,593

Additions

316,531

Disposals

(360,609

)

At 31 March 2015

436,515

NET BOOK VALUE

At 31 March 2015

436,515

At 31 March 2014

480,593

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

3,295

Ordinary

£1

3,295

3,295