Abbreviated Company Accounts - QFONIC TECHNOLOGY DISTRIBUTION NETWORK LIMITED

QFONIC TECHNOLOGY DISTRIBUTION NETWORK LIMITED - Company Information

05424673 QFONIC TECHNOLOGY DISTRIBUTION NETWORK LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 05424673 2015-07-01 2016-06-30 05424673 2016-06-30 05424673 2015-06-30 05424673 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 05424673 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 05424673

QFONIC TECHNOLOGY DISTRIBUTION NETWORK LIMITED

Abbreviated Accounts

30 June 2016

QFONIC TECHNOLOGY DISTRIBUTION NETWORK LIMITED Registered Number 05424673

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,052	936
		4,052	936
Current assets
Stocks		175,129	288,490
Debtors		304,393	225,724
Cash at bank and in hand		102,359	88,025
		581,881	602,239
Creditors: amounts falling due within one year		(377,039)	(393,251)
Net current assets (liabilities)		204,842	208,988
Total assets less current liabilities		208,894	209,924
Total net assets (liabilities)		208,894	209,924
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		208,794	209,824
Shareholders' funds		208,894	209,924

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 March 2017

And signed on their behalf by:
Mr Murtaza Walji, Director

QFONIC TECHNOLOGY DISTRIBUTION NETWORK LIMITED Registered Number 05424673

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% Reducing Balance
Motor vehicles - 25% Reducing balance

Valuation information and policy
Stock
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 July 2015	8,695
Additions	4,300
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	12,995
Depreciation
At 1 July 2015	7,759
Charge for the year	1,184
On disposals	-
At 30 June 2016	8,943
Net book values
At 30 June 2016	4,052
At 30 June 2015	936

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100