Company registration number 07329915 (England and Wales)
Quietpresence Limited
Unaudited
financial statements
for the year ended 31 January 2024
PAGES FOR FILING WITH REGISTRAR
Quietpresence Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Quietpresence Limited
Statement of financial position
as at 31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
105,887
110,326
Current assets
Stocks
21,260
19,056
Debtors
4
483,645
340,481
Cash at bank and in hand
201,851
253,401
706,756
612,938
Creditors: amounts falling due within one year
5
(448,416)
(404,076)
Net current assets
258,340
208,862
Total assets less current liabilities
364,227
319,188
Creditors: amounts falling due after more than one year
6
(105,000)
Net assets
364,227
214,188
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
364,225
214,186
Total equity
364,227
214,188
Quietpresence Limited
Statement of financial position (continued)
as at 31 January 2024
- 2 -
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their 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 year 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 by the board of directors and authorised for issue on 5 June 2024 and are signed on its behalf by:
P M Barker
Director
Company Registration No. 07329915
Quietpresence Limited
Notes to the financial statements
for the year ended 31 January 2024
- 3 -
1
Accounting policies
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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Going concern
Through the continued support of the directors and group companies, it is still appropriate to prepare the accounts as a going concern basis.
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised upon receipt of cash.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
- 20% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Quietpresence Limited
Notes to the financial statements (continued)
for the year ended 31 January 2024
1
Accounting policies
(continued)
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
38
38
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 February 2023
225,260
Additions
19,518
At 31 January 2024
244,778
Depreciation and impairment
At 1 February 2023
114,933
Depreciation charged in the year
23,958
At 31 January 2024
138,891
Carrying amount
At 31 January 2024
105,887
At 31 January 2023
110,326
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
270
270
Other debtors
478,968
325,518
Prepayments and accrued income
4,407
14,693
483,645
340,481
Quietpresence Limited
Notes to the financial statements (continued)
for the year ended 31 January 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loan
35,000
Trade creditors
58,864
91,694
Corporation tax
48,863
33,129
Other taxation and social security
110,830
95,089
Other creditors
173,035
117,292
Accruals and deferred income
56,824
31,872
448,416
404,076
The bank loan is secured.
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loan
105,000
The bank loan is secured.
7
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary shares of £1 each
2
2
2
2
8
Company information
Quietpresence Limited is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.