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REGISTERED NUMBER: 04997561 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

QST Limited

QST Limited (Registered number: 04997561)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QST Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: K Collins





REGISTERED OFFICE: Suite 6
141/143 South Road
Haywards Heath
West Sussex
RH16 4LZ





REGISTERED NUMBER: 04997561 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

QST Limited (Registered number: 04997561)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 78,352 51,383
78,352 51,383

CURRENT ASSETS
Stocks 137,658 116,858
Debtors 6 42,471 172,965
Cash at bank 59,842 5,240
239,971 295,063
CREDITORS
Amounts falling due within one year 7 179,331 228,759
NET CURRENT ASSETS 60,640 66,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,992

117,687

CREDITORS
Amounts falling due after more than one
year

8

106,367

116,444
NET ASSETS 32,625 1,243

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Retained earnings 9 31,623 241
SHAREHOLDERS' FUNDS 32,625 1,243

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

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

The director acknowledges his 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.

QST Limited (Registered number: 04997561)

Balance Sheet - continued
31 March 2023


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 6 October 2023 and were signed by:





K Collins - Director


QST Limited (Registered number: 04997561)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

QST 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

QST Limited (Registered number: 04997561)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 95,000
AMORTISATION
At 1 April 2022
and 31 March 2023 95,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 128,431 28,251 156,682
Additions 41,788 - 41,788
At 31 March 2023 170,219 28,251 198,470
DEPRECIATION
At 1 April 2022 85,479 19,820 105,299
Charge for year 12,711 2,108 14,819
At 31 March 2023 98,190 21,928 120,118
NET BOOK VALUE
At 31 March 2023 72,029 6,323 78,352
At 31 March 2022 42,952 8,431 51,383

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 10,939 13,758
Other debtors - 3,000
Directors' current accounts 19,912 156,207
Prepayments 11,620 -
42,471 172,965

QST Limited (Registered number: 04997561)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 10,657 10,657
Trade creditors 84,890 113,659
Tax 23,659 14,292
Social security and other taxes 2,592 6,048
VAT 16,676 13,380
Other creditors 485 3,684
Deposits received 28,672 56,339
Accrued expenses 1,700 700
179,331 228,759

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 2-5 years 26,188 36,532
Hire purchase contracts 80,179 79,912
106,367 116,444

9. RESERVES
Retained
earnings
£   

At 1 April 2022 241
Profit for the year 126,382
Dividends (95,000 )
At 31 March 2023 31,623