REGISTERED NUMBER: |
Quickie Divorce Limited |
Financial Statements for the Year Ended 31 December 2022 |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
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 |
Investments | 6 |
Current assets |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Retained earnings |
Shareholders' funds |
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 |
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 |
2. | Accounting policies |
Basis of preparing the financial statements |
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 |
Equipment | - |
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 |
4. | Intangible fixed assets |
Development |
costs |
£ |
Cost |
At 1 January 2022 |
and 31 December 2022 |
Amortisation |
At 1 January 2022 |
and 31 December 2022 |
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 |
Depreciation |
At 1 January 2022 |
Charge for year |
At 31 December 2022 |
Net book value |
At 31 December 2022 |
At 31 December 2021 |
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 |
Amounts owed by group undertakings |
Other debtors |
Prepayments |
8. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
VAT | 116,927 | 128,821 |
Accrued expenses |
9. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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. |