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QWEST LIMITED

FINANCIAL STATEMENTS

PERIOD FROM 1 DECEMBER 2022
TO 31 MAY 2023



















Company Registration Number - 09295512





















1.
QWEST LIMITED
COMPANY NUMBER - 09295512

Balance sheet as at 31 May 2023





2023
2022

Notes
£ £ £ £

Current assets




Debtors 4 10,681
1,728

Cash at bank and in hand
6,565
1,826




17,246
3,554
Current liabilities




Creditors - Amounts
falling due within one year 5 6,141
3,475


NET CURRENT ASSETS

11,105
79


Total assets less current liabilities

11,105
79












CAPITAL AND RESERVES

Called up share capital 6
1
1

Profit and Loss account

11,104
78


Shareholders' funds

11,105
79



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial period ended 31 May 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.


These accounts were approved by the board26 July 2023 on .
and signed on their behalf by:




MR P MAY



Director









The notes on pages 2 to 3 form an integral part of these accounts.


2.
QWEST LIMITED

Notes to the Financial Statements

For the period ended 31 May 2023


1. General Information

QWEST LIMITED is a Private Company, limited by shares, domiciled in England and Wales, registration number 09295512.


The company's registered office is Brunswick House, 1 Weirfield Green, Taunton, Somerset TA1 1AZ.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


3. Employees

The average number employed by the company (including directors) during the period 2023 was 1
and in the previous year 2022 was 1.



2023
2022


£
£
4. Debtors

Due within one year:



Other debtors 10,681
1,728



Included in other debtors is an overdrawn current account in respect of Mr P May.
The liability under the loan at the beginning and end of the period respectively was £1728 and £10681.
The maximum amount of the loan outstanding during the period was £10681.


5. Creditors

Amounts falling due within one year:



Trade creditors 346
266
Taxation and social security 5,795
3,209


6,141 3,475




3.
QWEST LIMITED

Notes to the Financial Statements

For the period ended 31 May 2023




2023
2022


£
£

6. Called up share capital

There was no change in share capital during the period.


Allotted, called up and fully paid



Ordinary shares of £1 each 1
1