Registered Number 08423324
QIN TECHNOLOGY LTD.
Abbreviated Accounts
28 February 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Share premium account |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost
Other accounting policies
The accounts have been prepared on a going concern basis although at the balance sheet date the company has net liabilities of £432,925.
The directors consider the going concern basis to be appropriate because in their opinion the company will continue to obtain sufficient funding from its parent company on whom it is dependent to enable it to pay its debts as they fall due.
If the company was unable to obtain sufficient funding to enable it to pay debts as they fell due, it would be unable to continue trading and adjustments would have to be made to reduce the value of the assets to their realisable amount and to provide for any further liabilities which might arise.
£ | |
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Cost | |
At 1 March 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 28 February 2015 |
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Depreciation | |
At 1 March 2014 |
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Charge for the year |
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On disposals |
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At 28 February 2015 |
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Net book values | |
At 28 February 2015 | 735 |
At 28 February 2014 | 1,421 |