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REGISTERED NUMBER: 02827951 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Q R S Market Research Limited

Q R S Market Research Limited (Registered number: 02827951)






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


Q R S Market Research Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Ms S L Rigby
L J Tomlin
Mrs K A Tomlin
J A Gough





SECRETARY: Mrs K A Tomlin





REGISTERED OFFICE: Part Ground Floor, Unit C2, The Chase
Foxholes Business Park
John Tate Road
Hertford
Hertfordshire
SG13 7NN





REGISTERED NUMBER: 02827951 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Q R S Market Research Limited (Registered number: 02827951)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,345 5,385
Tangible assets 5 44,524 53,966
47,869 59,351

CURRENT ASSETS
Debtors 6 424,236 372,515
Cash at bank and in hand 633,123 763,821
1,057,359 1,136,336
CREDITORS
Amounts falling due within one year 7 476,698 497,860
NET CURRENT ASSETS 580,661 638,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

628,530

697,827

PROVISIONS FOR LIABILITIES 5,948 6,923
NET ASSETS 622,582 690,904

CAPITAL AND RESERVES
Called up share capital 600 600
Capital redemption reserve 438 438
Retained earnings 621,544 689,866
622,582 690,904

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 directors acknowledge their 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 R S Market Research Limited (Registered number: 02827951)

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 Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:




L J Tomlin - Director



Ms S L Rigby - Director


Q R S Market Research Limited (Registered number: 02827951)

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

1. STATUTORY INFORMATION

Q R S Market Research 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Q R S Market Research Limited (Registered number: 02827951)

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

2. ACCOUNTING POLICIES - continued

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 166 (2022 - 172 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022
and 31 May 2023 8,160
AMORTISATION
At 1 June 2022 2,775
Charge for year 2,040
At 31 May 2023 4,815
NET BOOK VALUE
At 31 May 2023 3,345
At 31 May 2022 5,385

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 June 2022 35,297 44,192 36,142 115,631
Additions - - 5,483 5,483
At 31 May 2023 35,297 44,192 41,625 121,114
DEPRECIATION
At 1 June 2022 4,977 32,467 24,221 61,665
Charge for year 7,059 2,345 5,521 14,925
At 31 May 2023 12,036 34,812 29,742 76,590
NET BOOK VALUE
At 31 May 2023 23,261 9,380 11,883 44,524
At 31 May 2022 30,320 11,725 11,921 53,966

Q R S Market Research Limited (Registered number: 02827951)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 315,296 285,943
Other debtors 108,940 86,572
424,236 372,515

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 74,518 42,722
Taxation and social security 185,793 213,841
Other creditors 216,387 241,297
476,698 497,860

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.23 31.5.22
£    £   
Within one year 46,500 46,500
Between one and five years 127,875 174,375
174,375 220,875

9. SECURED DEBTS

The bank has a fixed and floating charge over the company's assets.