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REGISTERED NUMBER: 11104713 (England and Wales)











Financial Statements

for the Year Ended 31 December 2023

for

QATEAM LIMITED

QATEAM LIMITED (REGISTERED NUMBER: 11104713)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QATEAM LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr W Mayo
Mrs E Mayo





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 11104713 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

QATEAM LIMITED (REGISTERED NUMBER: 11104713)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,994 5,480

CURRENT ASSETS
Debtors 5 48,137 33,971
Cash at bank 6,433 15,322
54,570 49,293
CREDITORS
Amounts falling due within one year 6 51,690 43,122
NET CURRENT ASSETS 2,880 6,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,874

11,651

CREDITORS
Amounts falling due after more than one year 7 6,720 11,208
NET ASSETS 154 443

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 53 342
SHAREHOLDERS' FUNDS 154 443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

QATEAM LIMITED (REGISTERED NUMBER: 11104713)

Balance Sheet - continued
31 December 2023


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 19 August 2024 and were signed on its behalf by:





Mr W Mayo - Director


QATEAM LIMITED (REGISTERED NUMBER: 11104713)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

QATeam Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Computer equipment - 20% on reducing balance

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.

Going concern
The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and have therefore used the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

QATEAM LIMITED (REGISTERED NUMBER: 11104713)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipmen
£   
COST
At 1 January 2023 10,910
Disposals (1,322 )
At 31 December 2023 9,588
DEPRECIATION
At 1 January 2023 5,430
Charge for year 1,096
Eliminated on disposal (932 )
At 31 December 2023 5,594
NET BOOK VALUE
At 31 December 2023 3,994
At 31 December 2022 5,480

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 12,147 4,591
Directors' current accounts 35,990 29,380
48,137 33,971

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,483 4,483
Trade creditors 34 93
Tax 22,963 17,757
VAT 4,096 5,406
Accruals and deferred income 20,114 15,383
51,690 43,122

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 4,483 4,483
Bank loans - 2-5 years 2,237 6,725
6,720 11,208

QATEAM LIMITED (REGISTERED NUMBER: 11104713)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 A Ordinary £1 100 100
1 B Ordinary £1 1 1
101 101

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the directors owed an amount of £(35,990) (2022: £(29,380)) by the company. Interest has been charged at 2%.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr W Mayo.