2023-04-012024-03-312024-03-31false04433894Essential Qi 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Essential Qi Limited

Registered Number
04433894
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Essential Qi Limited
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Jenkins, Lesley Eileen

Company Secretary

Jenkins, Peter Arthur

Registered Address

6 Back Street
Ash
Martock
TA12 6NY

Registered Number

04433894 (England and Wales)
Essential Qi Limited
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Current assets
Cash at bank and on hand1,5071,465
1,5071,465
Creditors amounts falling due within one year5(1,395)(1,453)
Net current assets (liabilities)11212
Total assets less current liabilities11212
Net assets11212
Capital and reserves
Called up share capital11
Profit and loss account11111
Shareholders' funds11212
The financial statements were approved and authorised for issue by the Director on 13 June 2024, and are signed on its behalf by:
Jenkins, Lesley Eileen
Director
Registered Company No. 04433894
Essential Qi Limited
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Total

£
Cost or valuation
At 01 April 237,500
At 31 March 247,500
Amortisation and impairment
At 01 April 237,500
At 31 March 247,500
Net book value
At 31 March 24-
At 31 March 23-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 231,235
At 31 March 241,235
Depreciation and impairment
At 01 April 231,235
At 31 March 241,235
Net book value
At 31 March 24-
At 31 March 23-
5.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties615615
Taxation and social security24118
Accrued liabilities and deferred income756720
Total1,3951,453
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.