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REGISTERED NUMBER: 09271404 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

Questionable Quality Ltd.

Questionable Quality Ltd. (Registered number: 09271404)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Questionable Quality Ltd.

COMPANY INFORMATION
for the year ended 31 October 2023







Directors: M W Norman
J Vaitilingon





Registered office: Flat 3
6 Whitefield Terrace
Greenbank Road
Plymouth
Devon
PL4 8NH





Registered number: 09271404 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Questionable Quality Ltd. (Registered number: 09271404)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,594 3,324

Current assets
Debtors 5 7,461 30,653
Cash at bank 43,113 29,197
50,574 59,850
Creditors
Amounts falling due within one year 6 18,533 42,871
Net current assets 32,041 16,979
Total assets less current liabilities 34,635 20,303

Capital and reserves
Called up share capital 7 100 100
Retained earnings 34,535 20,203
Shareholders' funds 34,635 20,303

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

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

Questionable Quality Ltd. (Registered number: 09271404)

BALANCE SHEET - continued
31 October 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2024 and were signed on its behalf by:





J Vaitilingon - Director


Questionable Quality Ltd. (Registered number: 09271404)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Questionable Quality Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of work carried out in respect of services provided to customers net of value added tax, plus contract recognition.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on cost

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.

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.

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.

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.

Questionable Quality Ltd. (Registered number: 09271404)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Equipment
£   
Cost
At 1 November 2022 8,106
Additions 783
At 31 October 2023 8,889
Depreciation
At 1 November 2022 4,782
Charge for year 1,513
At 31 October 2023 6,295
Net book value
At 31 October 2023 2,594
At 31 October 2022 3,324

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,684 29,821
Other debtors 777 832
7,461 30,653

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 4,240 3,000
Other creditors 14,293 39,871
18,533 42,871

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £0.10 100 100

Questionable Quality Ltd. (Registered number: 09271404)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

8. RELATED PARTY DISCLOSURES

At the balance sheet date the directors were owed the following amounts by the company: -

Mr M Norman - £7,416
Mr J Vaitilingon - £5,792

These amounts were interest free, unsecured and carried no fixed term of repayment.

9. ULTIMATE CONTROLLING PARTY

The company was under the control of its directors throughout the period.