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REGISTERED NUMBER: 07211106 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Quotey Quotey Limited

Quotey Quotey Limited (Registered number: 07211106)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quotey Quotey Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr W Lee





REGISTERED OFFICE: 72 Huntingtree Road
Halesowen
Birmingham
West Midlands
B63 4ES





REGISTERED NUMBER: 07211106 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Quotey Quotey Limited (Registered number: 07211106)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 599 799

CURRENT ASSETS
Debtors 5 389,392 207,861
Cash at bank - 90,647
389,392 298,508
CREDITORS
Amounts falling due within one year 6 212,274 113,952
NET CURRENT ASSETS 177,118 184,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,717

185,355

CREDITORS
Amounts falling due after more than one
year

7

26,607

35,645
NET ASSETS 151,110 149,710

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 151,109 149,709
SHAREHOLDERS' FUNDS 151,110 149,710

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Quotey Quotey Limited (Registered number: 07211106)

Balance Sheet - continued
31 July 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 and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2024 and were signed by:





Mr W Lee - Director


Quotey Quotey Limited (Registered number: 07211106)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Quotey Quotey Limited 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 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities net of rebates and trade discounts. Turnover from the provision of goods and services are recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

Tangible fixed assets
Fixtures and fittings - 50% per annum
Leasehold Property - 2% per annum
Computer Equipment - 20% per annum

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Quotey Quotey Limited (Registered number: 07211106)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 152 999 1,151
DEPRECIATION
At 1 August 2022 152 200 352
Charge for year - 200 200
At 31 July 2023 152 400 552
NET BOOK VALUE
At 31 July 2023 - 599 599
At 31 July 2022 - 799 799

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 298,698 134,407
Other debtors 90,694 73,454
389,392 207,861

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 28,320 10,418
Trade creditors 155,697 61,115
Taxation and social security 20,585 19,086
Other creditors 7,672 23,333
212,274 113,952

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 26,607 35,645

Quotey Quotey Limited (Registered number: 07211106)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 18,471 -
Bank loans 36,456 46,063
54,927 46,063

9. CALLED UP SHARE CAPITAL

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr W Lee
Balance outstanding at start of year 73,454 9,526
Amounts advanced 114,892 80,923
Amounts repaid (97,652 ) (16,995 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 90,694 73,454