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REGISTERED NUMBER: 10054620 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MQSS LTD

MQSS LTD (REGISTERED NUMBER: 10054620)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MQSS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr M Quinn
Mr S G Startup





REGISTERED OFFICE: 5 Pheasant Oak
Coventry
West Midlands
CV4 9XJ





REGISTERED NUMBER: 10054620 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

MQSS LTD (REGISTERED NUMBER: 10054620)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,488 57,488

CURRENT ASSETS
Debtors 5 180,281 222,824
Cash at bank 402 958
180,683 223,782
CREDITORS
Amounts falling due within one year 6 145,844 192,820
NET CURRENT ASSETS 34,839 30,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,327

88,450

CREDITORS
Amounts falling due after more than one
year

7

21,643

24,885
NET ASSETS 70,684 63,565

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 70,584 63,465
SHAREHOLDERS' FUNDS 70,684 63,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MQSS LTD (REGISTERED NUMBER: 10054620)

BALANCE SHEET - continued
29 FEBRUARY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 June 2024 and were signed on its behalf by:





Mr S G Startup - Director


MQSS LTD (REGISTERED NUMBER: 10054620)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Mqss Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MQSS LTD (REGISTERED NUMBER: 10054620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 March 2023
and 29 February 2024 57,488
NET BOOK VALUE
At 29 February 2024 57,488
At 28 February 2023 57,488

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 180,281 176,412
Directors' current accounts - 46,412
180,281 222,824

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 4,585 8,350
Trade creditors 4,752 3,282
Amounts owed to participating interests 133,457 130,404
Corporation tax 1,670 3,053
Directors' current accounts - 46,412
Accrued expenses 1,380 1,319
145,844 192,820

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 21,643 24,885

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,585 8,350

Amounts falling due between two and five years:
Bank loans - 2-5 years 21,643 24,885

MQSS LTD (REGISTERED NUMBER: 10054620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 26,228 33,235

Lloyds Bank PLC holds fixed charge over F/H 1 warwick street earlsdon coventry dated 1st of July 2016

Lloyds Bank PLC holds fixed and floating charge covering all of the property or undertaking of the company dated 11th of May 2016.