1 August 2021 false No description of principal activity Taxfiler 2023.10 07975050business:PrivateLimitedCompanyLtd2021-08-012022-07-31 079750502021-07-31 079750502021-08-012022-07-31 07975050business:AuditExempt-NoAccountantsReport2021-08-012022-07-31 07975050business:FilletedAccounts2021-08-012022-07-31 079750502022-07-31 079750502021-07-31 07975050core:WithinOneYear2022-07-31 07975050core:WithinOneYear2021-07-31 07975050core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 07975050core:ShareCapitalcore:PreviouslyStatedAmount2021-07-31 07975050core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 07975050core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-07-31 07975050core:PreviouslyStatedAmount2022-07-31 07975050core:PreviouslyStatedAmount2021-07-31 07975050business:SmallEntities2021-08-012022-07-31 07975050business:Director12021-08-012022-07-31 07975050countries:EnglandWales2021-08-012022-07-31 07975050business:RegisteredOffice2021-08-012022-07-31 07975050core:Goodwill2021-07-31 07975050core:Goodwill2022-07-31 07975050core:PlantMachinery2021-07-31 07975050core:PlantMachinery2022-07-31 07975050core:PlantMachinery2021-08-012022-07-31 079750502020-08-012021-07-31 iso4217:GBP xbrli:pure
K&Q ENTERPRISES LTD Statement of financial position as at 31 July 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
(2)
524 
Current assets
Inventories
4,500 
4,500 
Debtors
- 
5,954 
Cash at bank and in hand
364,586 
230,329 
369,086 
240,783 
Creditors: amounts falling due within one year
(123,255)
(97,421)
Net current assets
245,831 
143,362 
Net assets
245,829 
143,886 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
245,819 
143,876 
Shareholders' funds
245,829 
143,886 
For the year ending 31 July 2022 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 26 October 2023 and were signed on its behalf by
REHMAN QAMAR Director Company Registration No. 07975050
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K&Q ENTERPRISES LTD Notes to the Accounts for the year ended 31 July 2022
1
Statutory information
K&Q ENTERPRISES LTD is a private company, limited by shares, registered in England and Wales, registration number 07975050. The registered office is 923B BRIGHTON ROAD, PURLEY, CR8 2BP, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2021
20,000 
At 31 July 2022
20,000 
Amortisation
At 1 August 2021
20,000 
At 31 July 2022
20,000 
Net book value
At 31 July 2022
- 
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K&Q ENTERPRISES LTD Notes to the Accounts for the year ended 31 July 2022
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2021
37,974 
At 31 July 2022
37,974 
Depreciation
At 1 August 2021
37,450 
Charge for the year
526 
At 31 July 2022
37,976 
Net book value
At 31 July 2022
(2)
At 31 July 2021
524 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
5,954 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
- 
5,164 
Trade creditors
16,300 
12,756 
Taxes and social security
49,702 
31,901 
Other creditors
27,985 
8,661 
Loans from directors
28,068 
37,739 
Accruals
1,200 
1,200 
123,255 
97,421 
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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