Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2true2023-06-01The principal activity of the company is that of providing IT services.false3 08065175 2023-06-01 2024-05-31 08065175 2022-06-01 2023-05-31 08065175 2024-05-31 08065175 2023-05-31 08065175 c:Director1 2023-06-01 2024-05-31 08065175 d:OfficeEquipment 2023-06-01 2024-05-31 08065175 d:OfficeEquipment 2024-05-31 08065175 d:OfficeEquipment 2023-05-31 08065175 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08065175 d:CurrentFinancialInstruments 2024-05-31 08065175 d:CurrentFinancialInstruments 2023-05-31 08065175 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 08065175 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08065175 d:ShareCapital 2024-05-31 08065175 d:ShareCapital 2023-05-31 08065175 d:RetainedEarningsAccumulatedLosses 2024-05-31 08065175 d:RetainedEarningsAccumulatedLosses 2023-05-31 08065175 c:OrdinaryShareClass1 2023-06-01 2024-05-31 08065175 c:OrdinaryShareClass1 2024-05-31 08065175 c:EntityNoLongerTradingButTradedInPast 2023-06-01 2024-05-31 08065175 c:FRS102 2023-06-01 2024-05-31 08065175 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08065175 c:FullAccounts 2023-06-01 2024-05-31 08065175 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08065175 2 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08065175














QUARRYHOUSE IT SYSTEMS LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 MAY 2024

 
QUARRYHOUSE IT SYSTEMS LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
QUARRYHOUSE IT SYSTEMS LTD
REGISTERED NUMBER:08065175

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
1,224

Current assets
  

Debtors: amounts falling due within one year
 5 
-
6,867

Bank current accounts
  
4,153
7,295

  
4,153
14,162

Creditors: amounts falling due within one year
 6 
(3,947)
(11,410)

Net current assets
  
 
 
206
 
 
2,752

Total assets less current liabilities
  
206
3,976

Provisions for liabilities
  

Deferred tax
  
-
(233)

Net assets
  
206
3,743


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
205
3,742

  
206
3,743


Page 1

 
QUARRYHOUSE IT SYSTEMS LTD
REGISTERED NUMBER:08065175
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2024.




I Mulley
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
QUARRYHOUSE IT SYSTEMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The company's legal form is that of a limited company incorporated in the United Kingdom. The company's registered office is Devonshire House, Manor Way, Borehamwood, Hertfordshire, WD6 1 QQ.

The principle activity of the company is that of providing IT services. The company ceased trading on 31 May 2024.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25% reducing method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
QUARRYHOUSE IT SYSTEMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).

Page 4

 
QUARRYHOUSE IT SYSTEMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Office equipment

£





At 1 June 2023
5,448


Disposals
(5,448)



At 31 May 2024

-





At 1 June 2023
4,225


Charge for the year on owned assets
306


Disposals
(4,531)



At 31 May 2024

-



Net book value



At 31 May 2024
-



At 31 May 2023
1,224


5.


Debtors

2024
2023
£
£


Trade debtors
-
6,867



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
104
771

Taxation and social security
385
4,016

Other creditors
543
3,923

Accruals and deferred income
2,915
2,700

3,947
11,410



7.


Share capital

2024
2023
£
£
Page 5

 
QUARRYHOUSE IT SYSTEMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.Share capital (continued)

Allotted, called up and fully paid



1 Ordinary share of £1
1
1


 
Page 6