Company Registration No. 07378131 (England and Wales)
QS DE CARDI LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
QS DE CARDI LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
QS DE CARDI LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2014
30 September 2014
- 1 -
2014
2013
Notes
$
$
$
$
Current assets
Debtors
539,965
-
Cash at bank and in hand
8,346
2
548,311
2
Creditors: amounts falling due within one year
(548,874)
-
Total assets less current liabilities
(563)
2
Capital and reserves
Called up share capital
2
2
2
Profit and loss account
(565)
-
Shareholders' funds
(563)
2
For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 26 June 2015
Mr A Samoylenko
Director
Company Registration No. 07378131
QS DE CARDI LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
These financial statements have been prepared on the assumption that the company will continue in
operational
existence for the foreseeable future.
The
validity of this assumption depends on the continuing support of the directors and
creditors.
If the company was unable to continue in existence for the foreseeable future, adjustments
would be
necessary to reduce the balance sheet value of assets to their recoverable amounts, to reclassify
fixed
assets and long term liabilities as current assets and current liabilities
respectively, and to
provide for
further liabilities which might arise.
1.2
Turnover
Turnover represents amounts receivable for goods and services net of trade discounts.
1.3
Foreign currency translation
The company has selected the
US dollars
(
$
) as its presentation currency. The reason for this is that the
company's activities are principally in
US dollars
.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Share capital
2014
2013
$
$
Allotted, called up and fully paid
2 Ordinary shares of $1 each
2
2