2 false false false false false false false false false true false false true false true false No description of principal activity 2020-12-01 Sage Accounts Production Advanced 2020 - FRS102_2019 1,430 1,272 158 1,430 158 xbrli:pure xbrli:shares iso4217:GBP 09865746 2020-12-01 2021-11-30 09865746 2021-11-30 09865746 2020-11-30 09865746 2019-12-01 2020-11-30 09865746 2020-11-30 09865746 bus:OrdinaryShareClass1 2020-12-01 2021-11-30 09865746 bus:Director1 2020-12-01 2021-11-30 09865746 core:WithinOneYear 2021-11-30 09865746 core:WithinOneYear 2020-11-30 09865746 core:ShareCapital 2021-11-30 09865746 core:ShareCapital 2020-11-30 09865746 core:RetainedEarningsAccumulatedLosses 2021-11-30 09865746 core:RetainedEarningsAccumulatedLosses 2020-11-30 09865746 core:AcceleratedTaxDepreciationDeferredTax 2020-11-30 09865746 bus:SmallEntities 2020-12-01 2021-11-30 09865746 bus:AuditExemptWithAccountantsReport 2020-12-01 2021-11-30 09865746 bus:FullAccounts 2020-12-01 2021-11-30 09865746 bus:SmallCompaniesRegimeForAccounts 2020-12-01 2021-11-30 09865746 bus:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 09865746 bus:OrdinaryShareClass1 2021-11-30 09865746 bus:OrdinaryShareClass1 2020-11-30 09865746 core:OfficeEquipment 2020-12-01 2021-11-30 09865746 core:OfficeEquipment 2021-11-30 09865746 core:OfficeEquipment 2020-11-30
COMPANY REGISTRATION NUMBER: 09865746
QUINT CONSULTING LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 November 2021
QUINT CONSULTING LTD
FINANCIAL STATEMENTS
YEAR ENDED 30th NOVEMBER 2021
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 6
QUINT CONSULTING LTD
STATEMENT OF FINANCIAL POSITION
30 November 2021
2021
2020
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
158
CURRENT ASSETS
Debtors
6
7,200
32,340
Cash at bank and in hand
58,616
63,894
---------
---------
65,816
96,234
CREDITORS: amounts falling due within one year
7
36,189
44,748
---------
---------
NET CURRENT ASSETS
29,627
51,486
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
29,627
51,644
PROVISIONS
Taxation including deferred tax
30
---------
---------
NET ASSETS
29,627
51,614
---------
---------
CAPITAL AND RESERVES
Called up share capital
9
2
2
Profit and loss account
29,625
51,612
---------
---------
SHAREHOLDERS FUNDS
29,627
51,614
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
QUINT CONSULTING LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2021
These financial statements were approved by the board of directors and authorised for issue on 17 August 2022 , and are signed on behalf of the board by:
A. C. Waldron
Director
Company registration number: 09865746
QUINT CONSULTING LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30th NOVEMBER 2021
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 39 Albury Park Road, Tynemouth, North Shields, Tyne and Wear, NE30 2SH.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The financial statements have been prepared on the going concern basis. The directors consider that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's directors, bankers and other lending agents during this time.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
25% straight line
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2020: 2 ).
5. TANGIBLE ASSETS
Office equipment
£
Cost
At 1st December 2020 and 30th November 2021
1,430
-------
Depreciation
At 1st December 2020
1,272
Charge for the year
158
-------
At 30th November 2021
1,430
-------
Carrying amount
At 30th November 2021
-------
At 30th November 2020
158
-------
6. DEBTORS
2021
2020
£
£
Trade debtors
7,200
32,340
-------
---------
7. CREDITORS: amounts falling due within one year
2021
2020
£
£
Accruals and deferred income
1,140
1,132
Corporation tax
14,107
23,246
Social security and other taxes
7,108
7,732
Director loan accounts
13,834
12,638
---------
---------
36,189
44,748
---------
---------
8. DEFERRED TAX
The deferred tax included in the statement of financial position is as follows:
2021
2020
£
£
Included in provisions
30
----
----
The deferred tax account consists of the tax effect of timing differences in respect of:
2021
2020
£
£
Accelerated capital allowances
30
----
----
9. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2021
2020
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
10. RELATED PARTY TRANSACTIONS
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.