Qualinet Solutions Ltd - Limited company - abbreviated

REGISTERED NUMBER: 04716168 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Qualinet Solutions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

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:

FPSS Limited

Business Advisers and Accountants

80 Coleman Street

London

EC2R 5BJ

FIXED ASSETS

Tangible assets

2

9,354

13,962

Investments

3

134,823

-

144,177

13,962

CURRENT ASSETS

Debtors

30,712

84,087

Cash at bank

8,462

11,275

39,174

95,362

CREDITORS

Amounts falling due within one year

65,531

25,356

NET CURRENT (LIABILITIES)/ASSETS

(26,357

)

70,006

TOTAL ASSETS LESS CURRENT
LIABILITIES

117,820

83,968

PROVISIONS FOR LIABILITIES

1,520

2,365

NET ASSETS

116,300

81,603

CAPITAL AND RESERVES

Called up share capital

4

57

Share premium

4,995

Profit and loss account

111,248

76,551

SHAREHOLDERS' FUNDS

116,300

81,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 22 December 2014 and were signed on its behalf
by:

R Plartus - 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 amount receivable for goods and services net of VAT and trade discounts.

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 2013

and 31 March 2014

54,929

DEPRECIATION

At 1 April 2013

40,967

Charge for year

4,608

At 31 March 2014

45,575

NET BOOK VALUE

At 31 March 2014

9,354

At 31 March 2013

13,962

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

134,823

At 31 March 2014

134,823

NET BOOK VALUE

At 31 March 2014

134,823

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

57

Ordinary Shares

£1

57

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £55,077 were paid to the directors .

During the year company charged management fees of NIL (£53,500 in 2013) to QNS LLP.

6.	ULTIMATE CONTROLLING PARTY

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

Qualinet Solutions Ltd - Limited company - abbreviated - 11.6

Qualinet Solutions Ltd - Limited company - abbreviated - 11.6