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Company Registration No. 13218001 (England and Wales)
WQS Services Ltd Unaudited accounts for the year ended 28 February 2023
WQS Services Ltd Unaudited accounts Contents
Page
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WQS Services Ltd Company Information for the year ended 28 February 2023
Director
Michael John Woodvine
Company Number
13218001 (England and Wales)
Registered Office
8 Friesian Gardens Newcastle under Lyme Staffordshire ST5 6BB UK
Accountants
James Accountancy Services Ltd 3 Waterloo Grove Kidsgrove Stoke-on-Trent Staffordshire ST7 4SY
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WQS Services Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
730 
740 
Current assets
Inventories
- 
5,500 
Debtors
20,116 
- 
Cash at bank and in hand
13,074 
10,308 
33,190 
15,808 
Creditors: amounts falling due within one year
(19,487)
(14,983)
Net current assets
13,703 
825 
Total assets less current liabilities
14,433 
1,565 
Provisions for liabilities
Deferred tax
(138)
(140)
Net assets
14,295 
1,425 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
14,285 
1,415 
Shareholders' funds
14,295 
1,425 
For the year ending 28 February 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 3 November 2023 and were signed on its behalf by
Michael John Woodvine Director Company Registration No. 13218001
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WQS Services Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
WQS Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 13218001. The registered office is 8 Friesian Gardens, Newcastle under Lyme, Staffordshire, ST5 6BB, UK.
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.
Turnover
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:
Computer equipment
20% reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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WQS Services Ltd Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
930 
Additions
175 
At 28 February 2023
1,105 
Depreciation
At 1 March 2022
190 
Charge for the year
185 
At 28 February 2023
375 
Net book value
At 28 February 2023
730 
At 28 February 2022
740 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,116 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
8,286 
4,405 
Loans from directors
10,628 
10,085 
Accruals
573 
493 
19,487 
14,983 
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
138 
140 
2023 
2022 
£ 
£ 
Provision at start of year
140 
- 
(Credited)/charged to the profit and loss account
(2)
140 
Provision at end of year
138 
140 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
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WQS Services Ltd Notes to the Accounts for the year ended 28 February 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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