Q4 Holdings Ltd 08184905 false 2022-09-08 2023-09-07 2023-09-07 The principal activity of the company is share trading and holding company. Digita Accounts Production Advanced 6.30.9574.0 true true 08184905 2022-09-08 2023-09-07 08184905 2023-09-07 08184905 bus:Director1 1 2023-09-07 08184905 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2023-09-07 08184905 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-09-07 08184905 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-09-07 08184905 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-09-07 08184905 core:CurrentFinancialInstruments 2023-09-07 08184905 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-07 08184905 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-07 08184905 core:FurnitureFittings 2023-09-07 08184905 core:OfficeEquipment 2023-09-07 08184905 core:PlantMachinery 2023-09-07 08184905 bus:SmallEntities 2022-09-08 2023-09-07 08184905 bus:AuditExemptWithAccountantsReport 2022-09-08 2023-09-07 08184905 bus:FullAccounts 2022-09-08 2023-09-07 08184905 bus:SmallCompaniesRegimeForAccounts 2022-09-08 2023-09-07 08184905 bus:RegisteredOffice 2022-09-08 2023-09-07 08184905 bus:Director1 2022-09-08 2023-09-07 08184905 bus:Director1 1 2022-09-08 2023-09-07 08184905 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2022-09-08 2023-09-07 08184905 bus:PrivateLimitedCompanyLtd 2022-09-08 2023-09-07 08184905 core:ComputerEquipment 2022-09-08 2023-09-07 08184905 core:FurnitureFittings 2022-09-08 2023-09-07 08184905 core:OfficeEquipment 2022-09-08 2023-09-07 08184905 core:PlantMachinery 2022-09-08 2023-09-07 08184905 countries:EnglandWales 2022-09-08 2023-09-07 08184905 2022-09-07 08184905 bus:Director1 1 2022-09-07 08184905 core:FurnitureFittings 2022-09-07 08184905 core:OfficeEquipment 2022-09-07 08184905 core:PlantMachinery 2022-09-07 08184905 2021-09-08 2022-09-07 08184905 2022-09-07 08184905 bus:Director1 1 2022-09-07 08184905 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2022-09-07 08184905 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-09-07 08184905 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-09-07 08184905 core:CurrentFinancialInstruments 2022-09-07 08184905 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-07 08184905 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-07 08184905 core:FurnitureFittings 2022-09-07 08184905 core:OfficeEquipment 2022-09-07 08184905 core:PlantMachinery 2022-09-07 08184905 bus:Director1 1 2021-09-08 2022-09-07 08184905 bus:Director1 1 2021-09-07 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08184905

Q4 Holdings Ltd

Unaudited Filleted Financial Statements

for the Year Ended 7 September 2023

 

Q4 Holdings Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Q4 Holdings Ltd

Company Information

Director

D Staveley

Registered office

Victoria Court
91 Huddersfield Road
Holmfirth
West Yorkshire
HD9 3JA

 

Q4 Holdings Ltd

(Registration number: 08184905)
Balance Sheet as at 7 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

120,778

128,674

Other financial assets

5

100

100

 

120,878

128,774

Current assets

 

Stocks

6

20,030

20,030

Debtors

7

1,278,115

3,431,999

Cash at bank and in hand

 

2,492,679

613,441

 

3,790,824

4,065,470

Creditors: Amounts falling due within one year

8

(292,031)

(312,844)

Net current assets

 

3,498,793

3,752,626

Total assets less current liabilities

 

3,619,671

3,881,400

Creditors: Amounts falling due after more than one year

8

-

(15,694)

Net assets

 

3,619,671

3,865,706

Capital and reserves

 

Called up share capital

9

201

201

Retained earnings

3,619,470

3,865,505

Shareholders' funds

 

3,619,671

3,865,706

 

Q4 Holdings Ltd

(Registration number: 08184905)
Balance Sheet as at 7 September 2023

For the financial year ending 7 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 April 2024
 

.........................................

D Staveley
Director

 

Q4 Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 7 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

These financial statements were authorised for issue by the director on 16 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

5% on cost

Fixtures and fittings

15% on reducing balance

Computer equipment

20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Q4 Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 7 September 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Q4 Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 7 September 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Q4 Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 7 September 2023

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 8 September 2022

279

160,000

2,639

162,918

Additions

-

-

818

818

At 7 September 2023

279

160,000

3,457

163,736

Depreciation

At 8 September 2022

133

32,000

2,111

34,244

Charge for the year

22

8,000

692

8,714

At 7 September 2023

155

40,000

2,803

42,958

Carrying amount

At 7 September 2023

124

120,000

654

120,778

At 7 September 2022

146

128,000

528

128,674

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 8 September 2022

100

100

Additions

100

100

Disposals

(100)

(100)

At 7 September 2023

100

100

Impairment

Carrying amount

At 7 September 2023

100

100

 

Q4 Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 7 September 2023

6

Stocks

2023
£

2022
£

Work in progress

20,030

20,030

7

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

11

677,528

288,698

Other debtors

 

600,587

3,143,301

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10

15,694

35,631

Taxation and social security

 

93,429

96,200

Accruals and deferred income

 

2,908

1,013

Other creditors

 

180,000

180,000

 

292,031

312,844

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £15,694 (2022 - £35,631).

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

10

-

15,694

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £nil (2022 - £15,694).

 

Q4 Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 7 September 2023

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

201

201

201

201

         

10

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Hire purchase contracts

-

15,694

2023
£

2022
£

Current loans and borrowings

Hire purchase contracts

15,694

35,631

 

Q4 Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 7 September 2023

11

Related party transactions

Transactions with the director

2023

At 8 September 2022
£

Advances to director
£

Repayments by director
£

At 7 September 2023
£

D Staveley

Interest has been charged @ 2.0%. There are no conditions attached to this loan.

275,857

389,690

(183,960)

481,587

         
       

 

2022

At 8 September 2021
£

Advances to director
£

Repayments by director
£

At 7 September 2022
£

D Staveley

Interest has been charged @ 2.0%. There are no conditions attached to this loan.

145,791

309,016

(178,950)

275,857

         
       

 

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

9,100

8,950