Q London Mens Clothing Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05829621 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2013

for

Q London Mens Clothing Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J P D C Barbosa

REGISTERED OFFICE:

Ascentia House

Lyndhurst Road

South Ascot

Berkshire

SL5 9ED

REGISTERED NUMBER:

05829621 (England and Wales)

ACCOUNTANTS:

Mehta & Company

Chartered Certified Accountants

Ascentia House

Lyndhurst Road

South Ascot

Berkshire

SL5 9ED

FIXED ASSETS

Tangible assets

2

12,320

9,892

CURRENT ASSETS

Stocks

121,534

188,105

Debtors

24,104

12,704

Cash at bank

4,366

9,517

150,004

210,326

CREDITORS

Amounts falling due within one year

114,507

57,335

NET CURRENT ASSETS

35,497

152,991

TOTAL ASSETS LESS CURRENT LIABILITIES

47,817

162,883

CREDITORS

Amounts falling due after more than one year

266,658

165,114

NET LIABILITIES

(218,841

)

(2,231

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(218,843

)

(2,233

)

SHAREHOLDERS' FUNDS

(218,841

)

(2,231

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 September 2014 and were signed by:

J P D C Barbosa - 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 etc

-

Straight line over 4 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

18,789

Additions

9,500

At 31 December 2013

28,289

DEPRECIATION

At 1 January 2013

8,897

Charge for year

7,072

At 31 December 2013

15,969

NET BOOK VALUE

At 31 December 2013

12,320

At 31 December 2012

9,892

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

2

Ordinary

£1

2

2

4.	GOING CONCERN

The financial statements have been prepared on a going concern basis, despite the net liability position shown on

the balance sheet. The basis is supported by the continued financial support from Q Group Holdings Limited

which is not planned to be withdrawn in the foreseeable future.