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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
Page
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BQ Services Limited Company Information for the year ended 31 October 2023
Director
Mr S H Gosling
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
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BQ Services Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,302 
2,717 
Current assets
Debtors
134,467 
80,076 
Cash at bank and in hand
44,128 
- 
178,595 
80,076 
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
Deferred tax
(437)
(517)
Net assets
122,830 
39,618 
Capital and reserves
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
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BQ Services Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Financial instruments
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 taxation
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
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.
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BQ Services Limited Notes to the Accounts for the year ended 31 October 2023
Leased assets
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 
Additions
249 
103 
352 
At 31 October 2023
2,412 
2,787 
5,199 
Depreciation
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 
Net book value
At 31 October 2023
799 
1,503 
2,302 
At 31 October 2022
816 
1,901 
2,717 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
19,966 
6,000 
Accrued income and prepayments
131 
131 
Other debtors
114,370 
73,945 
134,467 
80,076 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
21,317 
22,606 
Taxes and social security
36,313 
13,762 
Other creditors
- 
6,290 
57,630 
42,658 
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BQ Services Limited Notes to the Accounts for the year ended 31 October 2023
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
437 
517 
2023 
2022 
£ 
£ 
Provision at start of year
517 
244 
(Credited)/charged to the profit and loss account
(80)
273 
Provision at end of year
437 
517 
8
Share capital
2023 
2022 
£ 
£ 
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 
- 
8,286 
- 
10
Loans to directors
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).
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