Company Registration No. 12580350 (England and Wales)
QPSUPPLIES LTD
Unaudited accounts
for the year ended 30 April 2023
QPSUPPLIES LTD
Unaudited accounts
Contents
QPSUPPLIES LTD
Company Information
for the year ended 30 April 2023
Company Number
12580350 (England and Wales)
Registered Office
95 Phoebe Road, Copper Quarter
Pentrechwyth
Swansea
SA1 7FY
Wales
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
QPSUPPLIES LTD
Statement of financial position
as at 30 April 2023
Tangible assets
43,022
542
Cash at bank and in hand
16,334
1,844
Creditors: amounts falling due within one year
(27,490)
(6,721)
Net current assets
26,570
34,166
Total assets less current liabilities
69,592
34,708
Creditors: amounts falling due after more than one year
(48,695)
-
Called up share capital
1
1
Profit and loss account
20,896
34,707
Shareholders' funds
20,897
34,708
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 August 2023 and were signed on its behalf by
Jonathan White
Director
Company Registration No. 12580350
QPSUPPLIES LTD
Notes to the Accounts
for the year ended 30 April 2023
QPSUPPLIES LTD is a private company, limited by shares, registered in England and Wales, registration number 12580350. The registered office is 95 Phoebe Road, Copper Quarter, Pentrechwyth, Swansea, SA1 7FY, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling, which is the company's functional currency. All information has been rounded to the nearest pound.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
4
Tangible fixed assets
Plant & machinery
Charge for the year
14,520
QPSUPPLIES LTD
Notes to the Accounts
for the year ended 30 April 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(8,805)
5,592
Loans from directors
16,368
1,129
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
48,695
-
At the year end the company owed the director £1,129 (2021: £21). The balance is repayable on demand and no interest is charged.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).