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REGISTERED NUMBER: 05727965 (England and Wales)















Quickie Divorce Limited

Financial Statements for the Year Ended 31 December 2022






Quickie Divorce Limited (Registered number: 05727965)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Quickie Divorce Limited

Company Information
for the Year Ended 31 December 2022







Director: C J S H Wallis





Registered office: 18-21 Old Field Road
Pencoed
Bridgend
Mid Glamorgan
CF35 5LJ





Registered number: 05727965 (England and Wales)





Auditors: Haines Watts Wales LLP, Statutory Auditors
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Quickie Divorce Limited (Registered number: 05727965)

Balance Sheet
31 December 2022

2022 2021
Notes £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 58 128
Investments 6 21 21
79 149

Current assets
Debtors 7 303,589 104,449
Cash at bank 1,086,221 2,154,095
1,389,810 2,258,544
Creditors
Amounts falling due within one year 8 (696,211 ) (959,788 )
Net current assets 693,599 1,298,756
Total assets less current liabilities 693,678 1,298,905

Capital and reserves
Called up share capital 200 200
Retained earnings 693,478 1,298,705
Shareholders' funds 693,678 1,298,905

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2023 and were signed by:





C J S H Wallis - Director


Quickie Divorce Limited (Registered number: 05727965)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. Statutory information

Quickie Divorce Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Design Software - 50% straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Equipment - 25% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Quickie Divorce Limited (Registered number: 05727965)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. Accounting policies - continued

Foreign currencies
Foreign currency transactions are initially recorded at functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

3. Employees and directors

The average number of employees during the year was 9 (2021 - 6 ) .

4. Intangible fixed assets
Development
costs
£   
Cost
At 1 January 2022
and 31 December 2022 20,000
Amortisation
At 1 January 2022
and 31 December 2022 20,000
Net book value
At 31 December 2022 -
At 31 December 2021 -

5. Tangible fixed assets
Equipment
£   
Cost
At 1 January 2022
and 31 December 2022 279
Depreciation
At 1 January 2022 151
Charge for year 70
At 31 December 2022 221
Net book value
At 31 December 2022 58
At 31 December 2021 128

Quickie Divorce Limited (Registered number: 05727965)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. Fixed asset investments
Interest
in other
participating
interests
£   
Cost
At 1 January 2022
and 31 December 2022 21
Net book value
At 31 December 2022 21
At 31 December 2021 21

The company owns 1% of the equity share capital of Fields Analytics Co., Limited company incorporated in Thailand.

7. Debtors: amounts falling due within one year
2022 2021
£    £   
Trade debtors 16,868 12,718
Amounts owed by group undertakings 281,825 -
Other debtors 800 2,000
Prepayments 4,096 89,731
303,589 104,449

8. Creditors: amounts falling due within one year
2022 2021
£    £   
Trade creditors 52,590 48,988
Amounts owed to group undertakings 390,139 298,306
Tax 60,695 16,373
Social security and other taxes 3,838 1,965
VAT 116,927 128,821
Accrued expenses 72,022 465,335
696,211 959,788

9. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Victoria Carter (Senior Statutory Auditor)
for and on behalf of Haines Watts Wales LLP, Statutory Auditors

10. Ultimate controlling party

The ultimate parent company is Fields Holdings Limited, whose registered office is 21 Old Field Road, Bocam Park, Pencoed, Bridgend CF35 5LJ. Copies of it's financial statements are available from Companies House, Crown Way, Cardiff, CF14 3UZ.