Qualinet Solutions Ltd - Abbreviated accounts 16.1

Qualinet Solutions Ltd - Abbreviated accounts 16.1

QUALINET SOLUTIONS LTD - Company Information

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REGISTERED NUMBER: 04716168 (England and Wales)










ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

QUALINET SOLUTIONS LTD

QUALINET SOLUTIONS LTD (REGISTERED NUMBER: 04716168)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

QUALINET SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: R Plartus
A Tedjame-Mortty
B Plartus





SECRETARY: A Tedjame-Mortty





REGISTERED OFFICE: Unit 12,
The Ivories
6/18 Northampton Street,
Islington,
London
N1 2HY





REGISTERED NUMBER: 04716168 (England and Wales)





ACCOUNTANTS: Acuity Professional Ltd
Business Advisers and Accountants
Fifth Floor
11 Leadenhall Street
London
EC3V 1LP
Page 1
QUALINET SOLUTIONS LTD (REGISTERED NUMBER: 04716168)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 4,199 6,267
Investments 3 57,951 51,788
62,150 58,055

CURRENT ASSETS
Debtors 39,065 34,633
Cash at bank 4,690 24,879
43,755 59,512
CREDITORS
Amounts falling due within one year 21,404 27,831
NET CURRENT ASSETS 22,351 31,681
TOTAL ASSETS LESS CURRENT
LIABILITIES
84,501
89,736

PROVISIONS FOR LIABILITIES 604 966
NET ASSETS 83,897 88,770

CAPITAL AND RESERVES
Called up share capital 4 57 57
Share premium 4,995 4,995
Profit and loss account 78,845 83,718
SHAREHOLDERS' FUNDS 83,897 88,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
QUALINET SOLUTIONS LTD (REGISTERED NUMBER: 04716168)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 8 December 2016 and were signed on its behalf by:





R Plartus - Director


The notes form part of these abbreviated accounts

Page 3
QUALINET SOLUTIONS LTD (REGISTERED NUMBER: 04716168)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016


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 January 2015).

TURNOVER
Turnover represents share of profits from QNS LLP.

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 - 33% 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The regular cost of providing retirement pensions and related benifits is charged to profit & loss accounts over the
employees period of service on the basis of a constant percentage of earning. Any difference between the amount
charged to profits & loss account and the contributions paid to the scheme is shown as an asset or liability in the
balance sheet.

FIXED ASSETS INVESTMENTS
Fixed assets investments are stated at cost less any permanent diminution in value.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 54,929
DEPRECIATION
At 1 April 2015 48,662
Charge for year 2,068
At 31 March 2016 50,730
NET BOOK VALUE
At 31 March 2016 4,199
At 31 March 2015 6,267

Page 4 continued...
QUALINET SOLUTIONS LTD (REGISTERED NUMBER: 04716168)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016


3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2015 51,788
Additions 6,163
At 31 March 2016 57,951
NET BOOK VALUE
At 31 March 2016 57,951
At 31 March 2015 51,788

4. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
57 Share capital 1 £57 57 57

57 Ordinary shares shares of £57 were issued during the year for cash of £ 57 .

5. ULTIMATE CONTROLLING PARTY

The company is controled by Mr. R Plartus, a director, by virtue of his shareholding.

Page 5