Qinglan Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09870867 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 13 NOVEMBER 2015 TO 30 NOVEMBER 2016

FOR

QINGLAN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M Q Dong

SECRETARY:

REGISTERED OFFICE:

6 Raleigh Walk

Waterfront 2000

Brigantine Place

Cardiff

CF10 4LN

REGISTERED NUMBER:

09870867 (England and Wales)

ACCOUNTANT:

Linghams Chartered Accountants

7-8 Raleigh Walk

Waterfront 2000

Brigantine Place

Cardiff

South Glamorgan

CF10 4LN

FIXED ASSETS

Intangible assets

2

68,000

Tangible assets

3

13,087

81,087

CURRENT ASSETS

Stocks

850

Debtors

3,842

Cash at bank and in hand

9,167

13,859

CREDITORS

Amounts falling due within one year

114,071

NET CURRENT LIABILITIES

(100,212

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(19,125

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(19,225

)

SHAREHOLDERS' FUNDS

(19,125

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2016 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 25 April 2017 and were signed by:

Mr M Q Dong - 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 January 2015).

Turnover

Turnover is the amount receivable for the sale of takeaway Chinese food, other food and drinks provided in

the UK during the year excluding VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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

-

20% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

85,000

At 30 November 2016

85,000

AMORTISATION

Amortisation for period

17,000

At 30 November 2016

17,000

NET BOOK VALUE

At 30 November 2016

68,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

16,208

At 30 November 2016

16,208

DEPRECIATION

Charge for period

3,121

At 30 November 2016

3,121

NET BOOK VALUE

At 30 November 2016

13,087

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary A

£1

100