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REGISTERED NUMBER: SC366268 (Scotland)












Financial Statements for the Year Ended 30 September 2023

for

CQ (UK) LIMITED

CQ (UK) LIMITED (REGISTERED NUMBER: SC366268)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CQ (UK) LIMITED

Company Information
for the Year Ended 30 September 2023







DIRECTORS: S A MacKay
K MacKay





REGISTERED OFFICE: Hillhead of Clinterty
Bucksburn
Aberdeen
AB21 9TD





REGISTERED NUMBER: SC366268 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

CQ (UK) LIMITED (REGISTERED NUMBER: SC366268)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 585,867 584,877

CURRENT ASSETS
Debtors 5 551 234
Cash at bank 44,177 47,501
44,728 47,735
CREDITORS
Amounts falling due within one year 6 278,327 268,159
NET CURRENT LIABILITIES (233,599 ) (220,424 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

352,268

364,453

PROVISIONS FOR LIABILITIES 7 1,772 5,806
NET ASSETS 350,496 358,647

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 350,494 358,645
SHAREHOLDERS' FUNDS 350,496 358,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

CQ (UK) LIMITED (REGISTERED NUMBER: SC366268)

Balance Sheet - continued
30 September 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 30 March 2024 and were signed on its behalf by:





K MacKay - Director


CQ (UK) LIMITED (REGISTERED NUMBER: SC366268)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

CQ (UK) Limited is a private company, limited by shares , registered in Scotland. 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.

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 - 5% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CQ (UK) LIMITED (REGISTERED NUMBER: SC366268)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Computer
property property equipment Totals
£    £    £    £   
COST
At 1 October 2022 554,323 42,781 682 597,786
Additions - - 2,713 2,713
Disposals - - (682 ) (682 )
At 30 September 2023 554,323 42,781 2,713 599,817
DEPRECIATION
At 1 October 2022 - 12,353 556 12,909
Charge for year - 1,540 57 1,597
Eliminated on disposal - - (556 ) (556 )
At 30 September 2023 - 13,893 57 13,950
NET BOOK VALUE
At 30 September 2023 554,323 28,888 2,656 585,867
At 30 September 2022 554,323 30,428 126 584,877

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 551 234

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security (3,496 ) (3,496 )
Other creditors 281,823 271,655
278,327 268,159

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 1,772 5,806

CQ (UK) LIMITED (REGISTERED NUMBER: SC366268)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 5,806
Provided during year (4,034 )
Balance at 30 September 2023 1,772

8. RELATED PARTY DISCLOSURES

The company was under the control of S A MacKay and K Mackay throughout the current and previous year.

During the year the directors advanced the company net amounts totalling £10,963. As at 30 September 2023, included within other creditors, is a balance outstanding due to the directors of £194,632 (2022 - £183,669). No interest has been paid on this loan.