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REGISTERED NUMBER: 04775781 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

G Q S Limited

G Q S Limited (Registered number: 04775781)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G Q S Limited

Company Information
for the year ended 31 May 2023







DIRECTORS: I Qadir
A Sattar



REGISTERED OFFICE: 288 Baldwins Lane
Hall Green
Birmingham
B28 0XB



REGISTERED NUMBER: 04775781 (England and Wales)



BANKERS: HSBC
PO Box 68
130 New Street
Birmingham
B2 4JU

G Q S Limited (Registered number: 04775781)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,301 32,301
Tangible assets 5 1,474 2,211
Investments 6 157,099 -
190,874 34,512

CURRENT ASSETS
Debtors 7 123,478 195,663
Cash at bank and in hand 334,807 126,990
458,285 322,653
CREDITORS
Amounts falling due within one year 8 211,250 83,535
NET CURRENT ASSETS 247,035 239,118
TOTAL ASSETS LESS CURRENT LIABILITIES 437,909 273,630

CREDITORS
Amounts falling due after more than one
year

9

36,289

48,433
NET ASSETS 401,620 225,197

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 401,617 225,194
SHAREHOLDERS' FUNDS 401,620 225,197

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

G Q S Limited (Registered number: 04775781)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





I Qadir - Director


G Q S Limited (Registered number: 04775781)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

G Q S 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 32,301
NET BOOK VALUE
At 31 May 2023 32,301
At 31 May 2022 32,301

G Q S Limited (Registered number: 04775781)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2022
and 31 May 2023 47,906
DEPRECIATION
At 1 June 2022 45,695
Charge for year 737
At 31 May 2023 46,432
NET BOOK VALUE
At 31 May 2023 1,474
At 31 May 2022 2,211

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 157,099
At 31 May 2023 157,099
NET BOOK VALUE
At 31 May 2023 157,099

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Debtors 52,279 52,279
Prepayments 71,199 143,384
123,478 195,663

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,710 -
Commercial card 486 291
Corporation tax 65,376 27,659
VAT 72,816 39,702
Accruals 26,862 15,883
211,250 83,535

G Q S Limited (Registered number: 04775781)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loan 38,885 48,433
Directors account (2,596 ) -
36,289 48,433