Company Registration No. 10597334 (England and Wales)
ASTWOOD QA SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
ASTWOOD QA SERVICES LIMITED
COMPANY INFORMATION
Director
Mr S A Ingram
Company number
10597334
Registered office
19 Yeomans Close
Astwood Bank
Redditch
Worcestershire
B96 6ET
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Starling Bank Limited
7th Floor
Norfolk House
St James's Square
London
SW1Y 4JR
ASTWOOD QA SERVICES LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
ASTWOOD QA SERVICES LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ASTWOOD QA SERVICES LIMITED FOR THE PERIOD ENDED 26 FEBRUARY 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Astwood QA Services Limited for the period ended 26 February 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Astwood QA Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Astwood QA Services Limited and state those matters that we have agreed to state to the Board of Directors of Astwood QA Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Astwood QA Services Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Astwood QA Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Astwood QA Services Limited. You consider that Astwood QA Services Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Astwood QA Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
14 February 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
ASTWOOD QA SERVICES LIMITED
BALANCE SHEET
AS AT 26 FEBRUARY 2023
26 February 2023
- 2 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
97,050
79,515
Cash at bank and in hand
-
0
5
97,050
79,520
Creditors: amounts falling due within one year
5
(71,154)
(49,398)
Net current assets
25,896
30,122
Creditors: amounts falling due after more than one year
6
(24,584)
(24,584)
Net assets
1,312
5,538
Capital and reserves
Called up share capital
8
2
2
Profit and loss reserves
1,310
5,536
Total equity
1,312
5,538

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 26 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 14 February 2024.
Mr S A Ingram
Director
Company Registration No. 10597334
ASTWOOD QA SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 FEBRUARY 2023
- 3 -
1
Accounting policies
Company information

Astwood QA Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19 Yeomans Close, Astwood Bank, Redditch, Worcestershire, B96 6ET.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
33% on cost
1.3
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was 1 (2022 - 1).

ASTWOOD QA SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 26 FEBRUARY 2023
- 4 -
3
Tangible fixed assets
Computer equipment
£
Cost
At 28 February 2022 and 26 February 2023
2,175
Depreciation and impairment
At 28 February 2022 and 26 February 2023
2,175
Carrying amount
At 26 February 2023
-
0
At 27 February 2022
-
0
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
97,050
79,515
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
416
416
Trade creditors
2,629
1,985
Taxation and social security
67,608
45,488
Other creditors
501
1,509
71,154
49,398
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
24,584
24,584
7
Secured debts
The following secured debts are included within creditors:
2023
2022
£
£
Bank loans
25,000
25,000
Bank loans are secured by way of a government-backed guarantee.
ASTWOOD QA SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 26 FEBRUARY 2023
- 5 -
8
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary A of £1 each
1
1
1 Ordinary B of £1 each
1
1
2
2
9
Ultimate controlling party

The ultimate controlling party is Mr S A Ingram and Mrs D J Ingram.

10
Directors transactions

Advances or credits have been granted by the company to its director as follows:

Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Loan account
2.00
79,515
(6,270)
73,245
79,515
(6,270)
73,245
2023-02-262022-02-28false14 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr S A Ingramfalse105973342022-02-282023-02-2610597334bus:Director12022-02-282023-02-2610597334bus:RegisteredOffice2022-02-282023-02-2610597334bus:Agent12022-02-282023-02-26105973342023-02-26105973342022-02-2710597334core:CurrentFinancialInstruments2023-02-2610597334core:CurrentFinancialInstruments2022-02-2710597334core:Non-currentFinancialInstruments2023-02-2610597334core:Non-currentFinancialInstruments2022-02-2710597334core:ShareCapital2023-02-2610597334core:ShareCapital2022-02-2710597334core:RetainedEarningsAccumulatedLosses2023-02-2610597334core:RetainedEarningsAccumulatedLosses2022-02-2710597334core:ShareCapitalOrdinaryShares2023-02-2610597334core:ShareCapitalOrdinaryShares2022-02-2710597334core:ComputerEquipment2022-02-282023-02-2610597334core:ComputerEquipment2022-02-2710597334core:ComputerEquipment2023-02-2610597334core:ComputerEquipment2022-02-2710597334bus:OrdinaryShareClass12023-02-2610597334bus:OrdinaryShareClass22023-02-2610597334bus:OrdinaryShareClass12022-02-282023-02-2610597334bus:OrdinaryShareClass22022-02-282023-02-2610597334bus:PrivateLimitedCompanyLtd2022-02-282023-02-2610597334bus:SmallCompaniesRegimeForAccounts2022-02-282023-02-2610597334bus:FRS1022022-02-282023-02-2610597334bus:AuditExemptWithAccountantsReport2022-02-282023-02-2610597334bus:FullAccounts2022-02-282023-02-26xbrli:purexbrli:sharesiso4217:GBP