Company Registration No. 05313715 (England and Wales)
BSQFA Limited
Unaudited accounts
for the year ended 31 December 2023
BSQFA Limited
Unaudited accounts
Contents
BSQFA Limited
Company Information
for the year ended 31 December 2023
Company Number
05313715 (England and Wales)
Registered Office
Sterling House
64 Lichfield Road
Stafford
ST17 4LW
Accountants
RBA Accountancy Limited
2 Craikewells
Flamborough
East Riding of Yorkshire
YO15 1QH
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of BSQFA Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
BSQFA Limited for the year ended
31 December 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of BSQFA Limited, as a body, in accordance with the terms of our engagement letter dated 1 August 2023. Our work has been undertaken solely to prepare for your approval the accounts of BSQFA Limited and state those matters that we have agreed to state to the Board of Directors of BSQFA Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BSQFA Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BSQFA Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BSQFA Limited. You consider that BSQFA Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of BSQFA Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RBA Accountancy Limited
Chartered Accountants
2 Craikewells
Flamborough
East Riding of Yorkshire
YO15 1QH
7 February 2024
BSQFA Limited
Statement of financial position
as at 31 December 2023
Tangible assets
10,607
4,042
Cash at bank and in hand
203,930
332,426
Creditors: amounts falling due within one year
(127,123)
(254,154)
Net current assets
83,988
92,316
Total assets less current liabilities
94,595
96,358
Provisions for liabilities
Called up share capital
36
36
Profit and loss account
91,907
95,554
Shareholders' funds
91,943
95,590
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 February 2024 and were signed on its behalf by
Stephen Platts
Director
Company Registration No. 05313715
BSQFA Limited
Notes to the Accounts
for the year ended 31 December 2023
BSQFA Limited is a private company, limited by shares, registered in England and Wales, registration number 05313715. The registered office is Sterling House, 64 Lichfield Road, Stafford, ST17 4LW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
Other tangible fixed assets
16.67% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
BSQFA Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
9,779
12,162
21,941
At 31 December 2023
9,779
23,729
33,508
At 1 January 2023
9,579
8,320
17,899
Charge for the year
200
4,802
5,002
At 31 December 2023
9,779
13,122
22,901
At 31 December 2023
-
10,607
10,607
At 31 December 2022
200
3,842
4,042
Amounts falling due within one year
Amounts due from group undertakings etc.
-
1,099
Accrued income and prepayments
7,076
12,729
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,188
1,201
Amounts owed to group undertakings and other participating interests
80,000
161,621
Taxes and social security
26,866
34,261
Allotted, called up and fully paid:
36 Ordinary shares of £1 each
36
36
8
Transactions with related parties
As at 31 December 2023 the company owed £80,000 (2022: £160,000) to its parent company PMCO Limited in respect of unremitted dividends. This amount is interest free and repayable on demand.
BSQFA Limited
Notes to the Accounts
for the year ended 31 December 2023
The controlling party is Mr S Platts.
The ultimate controlling parties are Mr S Platts and Mr M Migowski by virtue of their shareholding in the Ultimate Holding Company.
10
Average number of employees
During the year the average number of employees was 7 (2022: 9).