Caseware UK (AP4) 2022.0.179 2022.0.179 2022-01-312022-01-31No description of principal activity2021-02-01false33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10592969 2021-02-01 2022-01-31 10592969 2020-02-01 2021-01-31 10592969 2022-01-31 10592969 2021-01-31 10592969 c:Director1 2021-02-01 2022-01-31 10592969 d:OfficeEquipment 2021-02-01 2022-01-31 10592969 d:OfficeEquipment 2022-01-31 10592969 d:OfficeEquipment 2021-01-31 10592969 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-02-01 2022-01-31 10592969 d:CurrentFinancialInstruments 2022-01-31 10592969 d:CurrentFinancialInstruments 2021-01-31 10592969 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 10592969 d:CurrentFinancialInstruments d:WithinOneYear 2021-01-31 10592969 d:ShareCapital 2022-01-31 10592969 d:ShareCapital 2021-01-31 10592969 d:RetainedEarningsAccumulatedLosses 2022-01-31 10592969 d:RetainedEarningsAccumulatedLosses 2021-01-31 10592969 c:OrdinaryShareClass1 2021-02-01 2022-01-31 10592969 c:OrdinaryShareClass1 2022-01-31 10592969 c:OrdinaryShareClass1 2021-01-31 10592969 c:OrdinaryShareClass2 2021-02-01 2022-01-31 10592969 c:OrdinaryShareClass2 2022-01-31 10592969 c:OrdinaryShareClass2 2021-01-31 10592969 c:OrdinaryShareClass3 2021-02-01 2022-01-31 10592969 c:OrdinaryShareClass3 2022-01-31 10592969 c:OrdinaryShareClass3 2021-01-31 10592969 c:FRS102 2021-02-01 2022-01-31 10592969 c:AuditExempt-NoAccountantsReport 2021-02-01 2022-01-31 10592969 c:FullAccounts 2021-02-01 2022-01-31 10592969 c:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10592969









QUINTESSENTIAL EVOLUTION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2022

 
QUINTESSENTIAL EVOLUTION LIMITED
REGISTERED NUMBER: 10592969

BALANCE SHEET
AS AT 31 JANUARY 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
300
1,135

  
300
1,135

Current assets
  

Stocks
 5 
-
9,352

Debtors: amounts falling due within one year
 6 
62,358
59,137

Cash at bank and in hand
 7 
55,708
20,493

  
118,066
88,982

Creditors: amounts falling due within one year
 8 
(436,795)
(417,845)

Net current liabilities
  
 
 
(318,729)
 
 
(328,863)

Total assets less current liabilities
  
(318,429)
(327,728)

  

Net liabilities
  
(318,429)
(327,728)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(318,529)
(327,828)

  
(318,429)
(327,728)


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 October 2023.


Page 1

 
QUINTESSENTIAL EVOLUTION LIMITED
REGISTERED NUMBER: 10592969
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2022


................................................
Alexander Morgan-Hughes
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
QUINTESSENTIAL EVOLUTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1.


General information

Quintessential Evolution Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Charles Lake House, Claire Causeway, Crossways Business Park, Dartford, Kent, DA2 6QA. The principal activity of the company during the year has been that of project managing building developments.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
QUINTESSENTIAL EVOLUTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Work in progress

Work in progress relates to work carried out on property developments which are uncompleted at the year end. It is valued at the lower of cost and net realisable value. Cost includes all direct costs.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

Page 4

 
QUINTESSENTIAL EVOLUTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 February 2021
2,839



At 31 January 2022

2,839



Depreciation


At 1 February 2021
1,704


Charge for the year on owned assets
835



At 31 January 2022

2,539



Net book value



At 31 January 2022
300



At 31 January 2021
1,135


5.


Stocks

2022
2021
£
£

Work in progress
-
9,352

-
9,352



6.


Debtors

2022
2021
£
£


Trade debtors
26,180
22,959

Other debtors
36,178
36,178

62,358
59,137


Page 5

 
QUINTESSENTIAL EVOLUTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
55,708
20,493

55,708
20,493



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
4,767
23,902

Corporation tax
400
-

Other taxation and social security
53,938
53,590

Other creditors
373,440
336,103

Accruals and deferred income
4,250
4,250

436,795
417,845


Page 6

 
QUINTESSENTIAL EVOLUTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

9.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



45 (2021 - 45) A Ordinary shares of £1.0 each
45
45
45 (2021 - 45) B Ordinary shares of £1.0 each
45
45
10 (2021 - 10) C Ordinary shares of £1.0 each
10
10

100

100



10.


Related party transactions

Included within other creditors due within one year was an amount of £373,440 (2021: £336,103) due to a director of the company.

 
Page 7