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REGISTERED NUMBER: 10772642 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2023

for

QB Projects Limited

QB Projects Limited (Registered number: 10772642)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QB Projects Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: P Skiba





REGISTERED OFFICE: 39 Davenham Way
Middlewich
Cheshire
CW10 0SW





REGISTERED NUMBER: 10772642 (England and Wales)





ACCOUNTANTS: Boardman Conway
23A High Street
Weaverham
Northwich
Cheshire
CW8 3HA

QB Projects Limited (Registered number: 10772642)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,317 5,941

CURRENT ASSETS
Debtors 5 9,768 17,640
Cash at bank 25,416 32,164
35,184 49,804
CREDITORS
Amounts falling due within one year 6 14,946 33,392
NET CURRENT ASSETS 20,238 16,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,555

22,353

CREDITORS
Amounts falling due after more than one
year

7

(6,470

)

(9,388

)

PROVISIONS FOR LIABILITIES (3,100 ) (1,129 )
NET ASSETS 26,985 11,836

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,885 11,736
26,985 11,836

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

QB Projects Limited (Registered number: 10772642)

Balance Sheet - continued
31 May 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 1 February 2024 and were signed by:





P Skiba - Director


QB Projects Limited (Registered number: 10772642)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

QB Projects 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax. Income is recognised in respect of service contracts when the company obtains rights to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% straight line

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment losses, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the assets belongs.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

QB Projects Limited (Registered number: 10772642)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2022 8,912
Additions 20,019
At 31 May 2023 28,931
DEPRECIATION
At 1 June 2022 2,970
Charge for year 9,644
At 31 May 2023 12,614
NET BOOK VALUE
At 31 May 2023 16,317
At 31 May 2022 5,942

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 8,820 17,640
VAT 948 -
9,768 17,640

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 3,000 3,000
Tax 5,100 14,911
VAT - 13,612
Directors' current accounts 5,676 919
Accrued expenses 1,170 950
14,946 33,392

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans - 1-2 years 3,000 3,000
Bank loans - 2-5 years 3,470 6,388
6,470 9,388