2022-06-012023-05-312023-05-31false07871995QDEMAND 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QDEMAND LIMITED

Registered Number
07871995
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

QDEMAND LIMITED
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

TESSIER-DENHAM, Paul Andrew

Registered Address

International House
24 Holborn Viaduct
London
EC1A 2BN

Registered Number

07871995 (England and Wales)
QDEMAND LIMITED
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets52,2263,527
2,2263,527
Current assets
Debtors736,4903,304
Cash at bank and on hand7,29115,197
43,78118,501
Creditors amounts falling due within one year8(13,069)(12,970)
Net current assets (liabilities)30,7125,531
Total assets less current liabilities32,9389,058
Creditors amounts falling due after one year(27,604)(34,307)
Net assets5,334(25,249)
Capital and reserves
Called up share capital100100
Profit and loss account5,234(25,349)
Shareholders' funds5,334(25,249)
The financial statements were approved and authorised for issue by the Director on 10 October 2023, and are signed on its behalf by:
TESSIER-DENHAM, Paul Andrew
Director
Registered Company No. 07871995
QDEMAND LIMITED
Notes to the Financial Statements
for the year ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year11
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 June 2213,776
At 31 May 2313,776
Depreciation and impairment
At 01 June 2210,249
Charge for year1,301
At 31 May 2311,550
Net book value
At 31 May 232,226
At 31 May 223,527
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
TESSIER-DENHAM, Paul Andrew016,780016,780
016,780016,780
7.Debtors

2023

2022

££
Trade debtors / trade receivables6,000-
Other debtors30,4903,304
Total36,4903,304
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables3,5704,733
Taxation and social security5,2731,319
Other creditors3,2375,929
Accrued liabilities and deferred income989989
Total13,06912,970
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.