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REGISTERED NUMBER: 07454214 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

QBAR (WALSALL) LTD

QBAR (WALSALL) LTD (REGISTERED NUMBER: 07454214)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


QBAR (WALSALL) LTD

COMPANY INFORMATION
for the Year Ended 31st March 2023







DIRECTORS: Mrs K A D Bradley
Miss F S Tapper





REGISTERED OFFICE: QBar
Walsall Road
Walsall Wood
Walsall
West Midlands
WS9 9AJ





REGISTERED NUMBER: 07454214 (England and Wales)





ACCOUNTANTS: Michael Bradford Accountants Limited
16 Market Street
Hednesford
Cannock
Staffordshire
WS12 1AF

QBAR (WALSALL) LTD (REGISTERED NUMBER: 07454214)

BALANCE SHEET
31st March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 1,405 872
Cash at bank and in hand 97,255 86,967
98,660 87,839
CREDITORS
Amounts falling due within one year 4 56,794 65,558
NET CURRENT ASSETS 41,866 22,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,866

22,281

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 41,863 22,278
SHAREHOLDERS' FUNDS 41,866 22,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 24th August 2023 and were signed on its behalf by:




Mrs K A D Bradley - Director Mrs R Pride - Director




Miss F S Tapper - Director


QBAR (WALSALL) LTD (REGISTERED NUMBER: 07454214)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

QBar (Walsall) Ltd 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.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,046 2,748
Taxation and social security 18,133 9,363
Other creditors 37,615 53,447
56,794 65,558