Registered number
06727618
DQS UK LIMITED
Filleted Accounts
31 December 2022
DQS UK LIMITED
Registered number: 06727618
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 4 3,207 4,059
Current assets
Debtors 5 572,901 217,448
Cash at bank and in hand 81,646 317,168
654,547 534,616
Creditors: amounts falling due within one year 6 (515,272) (386,264)
Net current assets 139,275 148,352
Net assets 142,482 152,411
Capital and reserves
Called up share capital 100 100
Profit and loss account 142,382 152,311
Shareholders' funds 142,482 152,411
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.
Mr D Matharoo
Director
Approved by the board on 28 February 2023
DQS UK LIMITED
Notes to the Accounts
for the year ended 31 December 2022
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:
Fixtures, fittings, tools and equipment 10-33% straight line
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Rajnikant Chhtobhai Patel
Firm: INGER & COMPANY
Date of audit report: 30 September 2023
3 Employees 2022 2021
Number Number
Average number of persons employed by the company 6 6
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2022 39,220
Additions 1,375
At 31 December 2022 40,595
Depreciation
At 1 January 2022 35,161
Charge for the year 2,227
At 31 December 2022 37,388
Net book value
At 31 December 2022 3,207
At 31 December 2021 4,059
5 Debtors 2022 2021
£ £
Trade debtors 403,346 206,756
Other debtors 169,555 10,692
572,901 217,448
6 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 34,841 44,487
Trade creditors 292,842 163,558
Taxation and social security costs 150,744 128,841
Other creditors 36,845 49,378
515,272 386,264
7 Other financial commitments 2022 2021
£ £
Total future minimum payments under non-cancellable operating leases 24,000 48,000
8 Related party transactions
During the year the company paid £90,400 (2021 - £88,556) to a business owned by Mr D Matharoo, the direcotor. The company has taken the exemption from reporting transactions with group companies on the basis of the fact that the consolidated accounts have been prepared by the group.
9 Controlling party
DQS Holding GmbH is the ultimate parent company. DQS Holding GmbH is a company incorporated in Germany and the group financial statements containing DQS UK Limited are prepared and available at August-Sahanz-Strasse 21, 60433 Frankfurt am Main, Germanny.
10 Other information
DQS UK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 5, Walbrook Business Centre
Green Lane
Hounslow
Middlesex
TW4 6NW
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