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REGISTERED NUMBER: 03171222 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

QSL LONDON LIMITED

QSL LONDON LIMITED (REGISTERED NUMBER: 03171222)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


QSL LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: R T Hammond
P Hammond





SECRETARY: R T Hammond





REGISTERED OFFICE: Unit D5 Fairview Industrial Park
Marsh Way
Rainham
Essex
RM13 8UP





REGISTERED NUMBER: 03171222 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

QSL LONDON LIMITED (REGISTERED NUMBER: 03171222)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,851 3,343

CURRENT ASSETS
Debtors 5 57,718 89,149
Cash at bank and in hand 19,704 34,351
77,422 123,500
CREDITORS
Amounts falling due within one year 6 41,477 50,277
NET CURRENT ASSETS 35,945 73,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,796

76,566

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 38,691 76,461
SHAREHOLDERS' FUNDS 38,796 76,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th October 2023 and were signed on its behalf by:




R T Hammond - Director



P Hammond - Director


QSL LONDON LIMITED (REGISTERED NUMBER: 03171222)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

QSL London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Plant and machinery - Straight line over 5 years
Fixtures and fittings - Straight line over 5 years
Motor vehicles - Straight line over 5 years
Computer equipment - Straight line over 5 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

QSL LONDON LIMITED (REGISTERED NUMBER: 03171222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st April 2022 17,545 66,519 86,262
Additions - - 903
At 31st March 2023 17,545 66,519 87,165
DEPRECIATION
At 1st April 2022 17,545 65,733 83,976
Charge for year - 786 638
At 31st March 2023 17,545 66,519 84,614
NET BOOK VALUE
At 31st March 2023 - - 2,551
At 31st March 2022 - 786 2,286

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2022 21,968 70,913 263,207
Additions - 61 964
At 31st March 2023 21,968 70,974 264,171
DEPRECIATION
At 1st April 2022 21,710 70,900 259,864
Charge for year 258 (226 ) 1,456
At 31st March 2023 21,968 70,674 261,320
NET BOOK VALUE
At 31st March 2023 - 300 2,851
At 31st March 2022 258 13 3,343

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,410 72,109
Amounts owed by group undertakings 15,312 15,508
Prepayments 1,996 1,532
57,718 89,149

QSL LONDON LIMITED (REGISTERED NUMBER: 03171222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 19,060 13,686
Taxation 1,251 8,167
Social security and other taxes 4,091 3,410
VAT 11,125 13,929
Directors' current accounts 2,204 7,179
Accrued expenses 3,746 3,906
41,477 50,277