Registered number
10422337
QUENET CONSULTANCY LTD
Filleted Accounts
31 October 2023
QUENET CONSULTANCY LTD
Registered number: 10422337
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 876 552
Current assets
Debtors 4 10,710 3,600
Cash at bank and in hand 24,471 49,337
35,181 52,937
Creditors: amounts falling due within one year 5 (19,221) (24,527)
Net current assets 15,960 28,410
Net assets 16,836 28,962
Capital and reserves
Called up share capital 1 1
Profit and loss account 16,835 28,961
Shareholders' funds 16,836 28,962
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
ABDULLAH DADIBHAI
Director
Approved by the board on 19 November 2023
QUENET CONSULTANCY LTD
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 2,415
Additions 628
At 31 October 2023 3,043
Depreciation
At 1 November 2022 1,863
Charge for the year 304
At 31 October 2023 2,167
Net book value
At 31 October 2023 876
At 31 October 2022 552
4 Debtors 2023 2022
£ £
Trade debtors 10,710 3,600
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 11,854 16,296
Other creditors 7,367 8,231
19,221 24,527
6 Controlling party
The company is under the control of the Directors by virtue of them owning the fully issued share capital.
7 Other information
QUENET CONSULTANCY LTD is a private company limited by shares and incorporated in England. Its registered office is:
70 BYWELL ROAD
DEWSBURY
WF12 7LH
QUENET CONSULTANCY LTD 10422337 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2022 ABDULLAH DADIBHAI No description of principal activity 10422337 2021-11-01 2022-10-31 10422337 core:WithinOneYear 2022-10-31 10422337 core:ShareCapital 2022-10-31 10422337 core:RetainedEarningsAccumulatedLosses 2022-10-31 10422337 2022-11-01 2023-10-31 10422337 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10422337 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10422337 bus:Director40 2022-11-01 2023-10-31 10422337 1 2022-11-01 2023-10-31 10422337 core:PlantMachinery 2022-11-01 2023-10-31 10422337 countries:England 2022-11-01 2023-10-31 10422337 bus:FRS102 2022-11-01 2023-10-31 10422337 bus:FullAccounts 2022-11-01 2023-10-31 10422337 2023-10-31 10422337 core:WithinOneYear 2023-10-31 10422337 core:ShareCapital 2023-10-31 10422337 core:RetainedEarningsAccumulatedLosses 2023-10-31 10422337 core:PlantMachinery 2023-10-31 10422337 2022-10-31 10422337 core:PlantMachinery 2022-10-31 iso4217:GBP xbrli:pure