ITQUEST LIMITED

Company Registration Number:
07715703 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

ITQUEST LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

ITQUEST LIMITED

Company Information

for the Period Ended 31 July 2023




Director: PRITAM SADAPHULE
Registered office: 24
The Crescent
Ilford
England
IG2 6JF
Company Registration Number: 07715703 (England and Wales)

ITQUEST LIMITED

Profit and Loss Account

for the Period Ended 31 July 2023


Notes

2023
£

2022
£
Turnover 267,135 287,310
Cost of sales ( 74,002 ) ( 76,125 )
Gross Profit or (Loss) 193,133 211,185
Administrative Expenses ( 192,150 ) ( 205,917 )
Operating Profit or (Loss) 983 5,268
Profit or (Loss) Before Tax 983 5,268
Tax on Profit ( 207 ) ( 1,107 )
Profit or (Loss) for Period 776 4,161

The notes form part of these financial statements

ITQUEST LIMITED

Balance sheet

As at 31 July 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 2,045 4,387
Total fixed assets: 2,045 4,387
Current assets
Cash at bank and in hand: 712 0
Total current assets: 712 0
Prepayments and accrued income: 267,135 287,310
Creditors: amounts falling due within one year: 5 ( 68,002 ) ( 63,240 )
Net current assets (liabilities): 199,845 224,070
Total assets less current liabilities: 201,890 228,457
Provision for liabilities: ( 200,907 ) ( 223,190 )
Total net assets (liabilities): 983 5,267

The notes form part of these financial statements

ITQUEST LIMITED

Balance sheet continued

As at 31 July 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 982 5,266
Shareholders funds: 983 5,267

For the year ending 31 July 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 5 February 2024
And Signed On Behalf Of The Board By:

Name: PRITAM SADAPHULE
Status: Director

The notes form part of these financial statements

ITQUEST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 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

ITQUEST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

ITQUEST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

ITQUEST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Intangible assets

Other Total
Cost £ £
At 01 August 2022 4,387 4,387
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 July 2023 4,387 4,387
Amortisation
Amortisation at 01 August 2022 - -
Charge for year - -
On disposals - -
Other adjustments 2,342 2,342
Amortisation at 31 July 2023 2,342 2,342
Net book value
Net book value at 31 July 2023 2,045 2,045
Net book value at 31 July 2022 4,387 4,387

Software

ITQUEST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 68,002 63,240
Total 68,002 63,240