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REGISTERED NUMBER: 05508318 (England and Wales)















FDQ LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






FDQ LIMITED (REGISTERED NUMBER: 05508318)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FDQ LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Ms J Downes





REGISTERED OFFICE: 4100 Park Approach
Thorpe Park
Leeds
LS15 8GB





REGISTERED NUMBER: 05508318 (England and Wales)





AUDITORS: DSC Accountants Ltd
Chartered Accountants
Statutory Auditors
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

FDQ LIMITED (REGISTERED NUMBER: 05508318)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,532 50,212
Tangible assets 5 17,622 29,924
55,154 80,136

CURRENT ASSETS
Debtors 6 172,123 210,781
Prepayments and accrued income 9,182 23,281
Cash at bank 86,827 140,745
268,132 374,807
CREDITORS
Amounts falling due within one year 7 175,501 268,346
NET CURRENT ASSETS 92,631 106,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,785

186,597

CREDITORS
Amounts falling due after more than one year 8 (23,603 ) (32,640 )

ACCRUALS AND DEFERRED INCOME (79,143 ) (109,035 )
NET ASSETS 45,039 44,922

RESERVES
Income and expenditure account 45,039 44,922
45,039 44,922

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 29 February 2024 and were signed by:





Ms J Downes - Director


FDQ LIMITED (REGISTERED NUMBER: 05508318)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

FDQ Limited is a private company, limited by guarantee , 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.

Development costs
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.

The development costs have been capitalised as they relate to the development of end point assessment for apprenticeship standards.The costs relate to developing assessment plans and assessor training which the benefit will be seen over 5 years.

Tangible fixed assets
All tangible assets are capitalised at cost.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture and IT equipment 25% straight line

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.

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.

FDQ LIMITED (REGISTERED NUMBER: 05508318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2022 207,639
Additions 14,514
At 31 August 2023 222,153
AMORTISATION
At 1 September 2022 157,427
Charge for year 27,194
At 31 August 2023 184,621
NET BOOK VALUE
At 31 August 2023 37,532
At 31 August 2022 50,212

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 57,712
Additions 1,022
At 31 August 2023 58,734
DEPRECIATION
At 1 September 2022 27,788
Charge for year 13,324
At 31 August 2023 41,112
NET BOOK VALUE
At 31 August 2023 17,622
At 31 August 2022 29,924

FDQ LIMITED (REGISTERED NUMBER: 05508318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 168,808 207,466
Other debtors 3,315 3,315
172,123 210,781

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 88,095 74,774
Amounts owed to group undertakings 32,344 138,328
Taxation and social security 18,093 18,297
Other creditors 26,969 26,947
175,501 268,346

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,603 32,640

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham French FCA (Senior Statutory Auditor)
for and on behalf of DSC Accountants Ltd

10. ULTIMATE CONTROLLING PARTY

Under the terms of its Memorandum and Articles of Association, the company is under the ultimate control of The Food and Drink Training and Education Council (formerly Meat Training Council Limited), a company incorporated in the UK. The company is limited by guarantee and no one controls it. The company is included in group financial statements produced by The Food and Drink Training and Education Council (formerly Meat Training Council Limited) and these are available from its registered office and principal place of business; Icon Business Centre, 4100 Park Approach, Thorpe Park, Leeds, LS15 8GB.