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REGISTERED NUMBER: 04468597 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 29 June 2023

for

Quest Cleaning Services Ltd

Quest Cleaning Services Ltd (Registered number: 04468597)






Contents of the Financial Statements
for the Year Ended 29 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Quest Cleaning Services Ltd

Company Information
for the Year Ended 29 June 2023







DIRECTOR: K Bull





REGISTERED OFFICE: Newtown Farm Cottage
Semington
Trowbridge
Wiltshire
BA14 6JU





REGISTERED NUMBER: 04468597 (England and Wales)

Quest Cleaning Services Ltd (Registered number: 04468597)

Balance Sheet
29 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,001 56,034

CURRENT ASSETS
Stocks 3,700 3,700
Debtors 5 260,750 186,549
Cash at bank 2,455 171,828
266,905 362,077
CREDITORS
Amounts falling due within one year 6 60,459 84,805
NET CURRENT ASSETS 206,446 277,272
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,447

333,306

CREDITORS
Amounts falling due after more than one
year

7

(27,233

)

(38,662

)

PROVISIONS FOR LIABILITIES (10,672 ) (10,574 )
NET ASSETS 211,542 284,070

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 211,540 284,068
SHAREHOLDERS' FUNDS 211,542 284,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 April 2024 and were signed by:





K Bull - Director


Quest Cleaning Services Ltd (Registered number: 04468597)

Notes to the Financial Statements
for the Year Ended 29 June 2023

1. STATUTORY INFORMATION

Quest Cleaning Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received and represents the amount receivable for the services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

Turnover from the supply of services represents the value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date, turnover represents the fair value of the service provided to date, based on the stage of completion of the contract activity at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on straight line basis
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

Quest Cleaning Services Ltd (Registered number: 04468597)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

2. ACCOUNTING POLICIES - continued

Factored debts
The company factors all of its trade debtors. The company adopts a "Separate Presentation" of this financing under the provisions of Financial Reporting Standard No. 5 "Reporting the Substance of Transactions". The administration and interest costs arising from factoring are charged to expenditure in the year in which they are incurred.

Hire purchase and leasing commitments
At inception the company assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is, or contains, a lease based on the substances of the arrangement.

Finance leased assets
Leases of assets that transfer substantially all the risks and rewards incidental to ownership are classified as finance leases.

Finance leases are capitalised at commencement of the lease as assets at their value of the lease asset or, if lower, the present value of the minimum lease payments calculated using the interest rate implicit in the lease. Where the implicit rate cannot be determined the company's incremental borrowing rate is used. Incremental direct costs, incurred in negotiating and arranging the lease, are included in the cost of the asset.

Assets are depreciated over the shorter of the lease term and the estimated useful life of the asset. Assets are assessed for impairment at each reporting date.

The capital element of lease obligations is recorded as a liability on inception of the arrangement. Lease payments are apportioned between capital repayment and finance charge, using the effective interest rate method, to produce a constant rate of charge on the balance of the capital repayments outstanding.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 81 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 30 June 2022 57,259 932 126,839 16,456 201,486
Disposals - - - (2,920 ) (2,920 )
At 29 June 2023 57,259 932 126,839 13,536 198,566
DEPRECIATION
At 30 June 2022 43,104 687 85,808 15,853 145,452
Charge for year 2,123 49 10,258 - 12,430
Eliminated on disposal - - - (2,317 ) (2,317 )
At 29 June 2023 45,227 736 96,066 13,536 155,565
NET BOOK VALUE
At 29 June 2023 12,032 196 30,773 - 43,001
At 29 June 2022 14,155 245 41,031 603 56,034

The net book value of assets held under hire purchase agreement is £30,773 (2022- £41,031).

Quest Cleaning Services Ltd (Registered number: 04468597)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 64,512 87,769
Other debtors 141,529 98,780
Directors' current accounts 37,119 -
Tax 17,590 -
260,750 186,549

Included in debtors is £31,623 (2022: £64,512) held under a factoring arrangement.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 10,966 13,803
Trade creditors 5,782 3,016
Tax 18,030 2,891
VAT 19,481 57,691
Other creditors - 1,373
Directors' current accounts - 158
Accruals and deferred income 6,200 5,873
60,459 84,805

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 27,233 38,662

8. SECURED DEBTS

Obligations under hire purchase contracts are secured upon the assets to which they relate.

Lloyds TSB Commercial Finance Limited holds a fixed and floating charge over debts as disclosed in note 6.

9. RELATED PARTY DISCLOSURES

At the year end, balances were owed from the director to the company of £37,119 (2022: £nil). These balances are interest free and repayable on demand

At the year end, balances were owed by close relatives of the director to the company of £15,000 (2022:£nil). These balances are interest free and repayable on demand