RQSO LIMITED

Company Registration Number:
13948857 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 02 March 2022

End date: 31 March 2023

RQSO LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

RQSO LIMITED

Company Information

for the Period Ended 31 March 2023




Director: QUDRI RASHEED SIYANBOLA
Registered office: Flat 12
82 Maryon Road
Woolwich
GBR
SE7 8DJ
Company Registration Number: 13948857 (England and Wales)

RQSO LIMITED

Directors' Report Period Ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal Activities

Cleaning Services

Additional information

Their are qualifying third parties indemnity provisions, they are: Professional liability indemnity Public liability indemnity

Directors

The director(s) shown below were appointed to the company during the period
QUDRI RASHEED SIYANBOLA
02 March 2022

This report was approved by the board of directors on 17 November 2023
And Signed On Behalf Of The Board By:

Name: QUDRI RASHEED SIYANBOLA
Status: Director

RQSO LIMITED

Profit and Loss Account

for the Period Ended 31 March 2023


Notes
13 months to
31 Mar 2023
£
Turnover 121,639
Cost of sales ( 25,278 )
Gross Profit or (Loss) 96,361
Distribution Costs ( 17,979 )
Administrative Expenses ( 76,320 )
Operating Profit or (Loss) 2,062
Profit or (Loss) Before Tax 2,062
Profit or (Loss) for Period 2,062

The notes form part of these financial statements

RQSO LIMITED

Balance sheet

As at 31 March 2023


Notes
13 months to
31 Mar 2023
£
Fixed assets
Total fixed assets: -
Current assets
Debtors: 4 14,726
Cash at bank and in hand: 3,292
Total current assets: 18,018
Net current assets (liabilities): 18,018
Total assets less current liabilities: 18,018
Total net assets (liabilities): 18,018

The notes form part of these financial statements

RQSO LIMITED

Balance sheet continued

As at 31 March 2023


Notes
13 months to
31 Mar 2023
£
Capital and reserves
Called up share capital: 1
Revaluation reserve: 5 18,017
Shareholders funds: 18,018

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 17 November 2023
And Signed On Behalf Of The Board By:

Name: QUDRI RASHEED SIYANBOLA
Status: Director

The notes form part of these financial statements

RQSO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value, net value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers and other consultancy activities

    Valuation information and policy

    Stocks
    Stock is valued at the lower of cost and net realised value.

    Other accounting policies

    The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

RQSO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    13 months to
    31 Mar 2023
    Average number of employees during the period 8

    Their are qualifying third parties indemnity provisions, they are:
    Professional liability indemnity
    Public liability indemnity
    Employer's indemnity

RQSO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

RQSO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

13 months to
31 Mar 2023
£
Trade debtors 14,726
Total 14,726

Aged Debtor
The aged debtors report is broken down in full to provide clear information, who owes the business the most money, how long each customer owes and when the payment is made.

RQSO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Revaluation reserve

13 months to
31 Mar 2023
£
Surplus or deficit after revaluation 18,017
Balance at 31 March 2023 18,017

RQSO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 6. Financial Commitments

    The business is planning to buy a van and other commercial cleaning equipment - this is forecasted between £40000 -50000