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REGISTERED NUMBER: 09999679 (England and Wales)










Unaudited Financial Statements for the Year Ended 28 February 2023

for

Q-Racker Ltd

Q-Racker Ltd (Registered number: 09999679)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Q-Racker Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: H Bergkvist





REGISTERED OFFICE: Cohav House
16-17 Aviation Way
Southend on Sea
Essex
SS2 6UN





REGISTERED NUMBER: 09999679 (England and Wales)





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

Q-Racker Ltd (Registered number: 09999679)

Balance Sheet
28 February 2023

28.2.22 28.2.23
£    £    Notes £    £   
FIXED ASSETS
9,675 Tangible assets 4 7,326

CURRENT ASSETS
22,708 Stocks 18,574
2,109 Debtors 5 59,900
43,483 Cash at bank and in hand 19,280
68,300 97,754
CREDITORS
50,115 Amounts falling due within one year 6 83,125
18,185 NET CURRENT ASSETS 14,629
27,860 TOTAL ASSETS LESS CURRENT
LIABILITIES

21,955

CREDITORS
(42,231 ) Amounts falling due after more than one
year

7

(27,278

)

(139 ) PROVISIONS FOR LIABILITIES -
(14,510 ) NET LIABILITIES (5,323 )

CAPITAL AND RESERVES
300 Called up share capital 300
(14,810 ) Retained earnings (5,623 )
(14,510 ) SHAREHOLDERS' FUNDS (5,323 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Q-Racker Ltd (Registered number: 09999679)

Balance Sheet - continued
28 February 2023


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 director and authorised for issue on 20 November 2023 and were signed by:





H Bergkvist - Director


Q-Racker Ltd (Registered number: 09999679)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Q-Racker Ltd 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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 5 (2022 - 4 ) .

Q-Racker Ltd (Registered number: 09999679)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 17,535
DEPRECIATION
At 1 March 2022 7,860
Charge for year 2,349
At 28 February 2023 10,209
NET BOOK VALUE
At 28 February 2023 7,326
At 28 February 2022 9,675

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 59,600 1,809
Other debtors 300 300
59,900 2,109

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 15,000 15,000
Trade creditors 44,599 1,958
Taxation and social security 19,911 30,147
Other creditors 3,615 3,010
83,125 50,115

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 27,278 42,231