Company Registration No. 10446577 (England and Wales)
BQ Services Limited
Unaudited accounts
for the year ended 31 October 2023
BQ Services Limited
Unaudited accounts
Contents
BQ Services Limited
Company Information
for the year ended 31 October 2023
Company Number
10446577 (England and Wales)
Registered Office
167-169 Great Potland Street
5th Floor
London
W1W 5PF
United Kingdom
Accountants
Janes Accounting Services Limited
9 Church Hams
Finchampstead
Wokingham
Berkshire
RG40 4XF
BQ Services Limited
Statement of financial position
as at 31 October 2023
Tangible assets
2,302
2,717
Cash at bank and in hand
44,128
-
Creditors: amounts falling due within one year
(57,630)
(42,658)
Net current assets
120,965
37,418
Total assets less current liabilities
123,267
40,135
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
122,730
39,518
Shareholders' funds
122,830
39,618
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 April 2024 and were signed on its behalf by
Mr S H Gosling
Director
Company Registration No. 10446577
BQ Services Limited
Notes to the Accounts
for the year ended 31 October 2023
BQ Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10446577. The registered office is 167-169 Great Potland Street, 5th Floor, London, W1W 5PF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
BQ Services Limited
Notes to the Accounts
for the year ended 31 October 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
2,163
2,684
4,847
At 31 October 2023
2,412
2,787
5,199
At 1 November 2022
1,347
783
2,130
Charge for the year
266
501
767
At 31 October 2023
1,613
1,284
2,897
At 31 October 2023
799
1,503
2,302
At 31 October 2022
816
1,901
2,717
Amounts falling due within one year
Trade debtors
19,966
6,000
Accrued income and prepayments
131
131
Other debtors
114,370
73,945
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
36,313
13,762
BQ Services Limited
Notes to the Accounts
for the year ended 31 October 2023
7
Deferred taxation
2023
2022
Accelerated capital allowances
437
517
Provision at start of year
517
244
(Credited)/charged to the profit and loss account
(80)
273
Provision at end of year
437
517
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Operating lease commitments
2023
2022
At 31 October 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
3,683
-
Later than one year and not later than five years
4,603
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Advances to directors and associates of directors
57,638
89,272
39,000
107,910
57,638
89,272
39,000
107,910
Other Debtors (note 5) includes advances to directors and associates of directors of £107,910. The advances were made interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).