Cheer Quest Ltd Filleted Accounts Cover
Cheer Quest Ltd
Company No. 11659467
Information for Filing with The Registrar
30 November 2023
Cheer Quest Ltd Directors Report Registrar
The Director presents her report and the accounts for the year ended 30 November 2023.
Principal activities
The principal activity of the company during the year under review was the sale of Cheerleading uniforms and merchandise.
Director
The Director who served at any time during the year was as follows:
K. Thompson
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
K. Thompson
Director
20 August 2024
Cheer Quest Ltd Balance Sheet Registrar
at
30 November 2023
Company No.
11659467
Notes
2023
2022
£
£
Current assets
Stocks
4
14,12214,738
Debtors
5
150-
14,27214,738
Creditors: Amount falling due within one year
6
(778)
(2,062)
Net current assets
13,49412,676
Total assets less current liabilities
13,49412,676
Net assets
13,49412,676
Capital and reserves
Called up share capital
11
Profit and loss account
7
13,49312,675
Total equity
13,49412,676
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 20 August 2024
And signed on its behalf by:
K. Thompson
Director
20 August 2024
Cheer Quest Ltd Notes to the Accounts Registrar
for the year ended 30 November 2023
1
General information
Its registered number is: 11659467
Its registered office is:
103 Forest Approach
Woodford Green
IG8 9BU
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
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 payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Stocks
2023
2022
£
£
Finished goods
14,12214,738
14,12214,738
5
Debtors
2023
2022
£
£
Other debtors
150-
150-
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Corporation tax
778309
Other creditors
-790
Accruals and deferred income
-963
7782,062
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
8
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
2,247
-
2,247
-
Dividends by type:
Equity dividends
2,247-
2,247
-
9
Related party disclosures
Name of related party
Black Ice Ltd
Description of relationship between the parties
Director is 50% s/h in Black Ice Ltd
Description of transaction and general amounts involved
Sale of Merchandise relating to Cheerleading
Cheer Quest Ltd1165946730 November 202301 December 2022false20 August 2024BTCSoftware AP Solution 2024 11.1.0311.1.03true116594672022-12-012023-11-30116594672023-11-30116594672022-11-3011659467core:WithinOneYear2023-11-3011659467core:WithinOneYear2022-11-3011659467core:ShareCapital2023-11-3011659467core:ShareCapital2022-11-3011659467core:RetainedEarningsAccumulatedLosses2023-11-3011659467core:RetainedEarningsAccumulatedLosses2022-11-3011659467bus:RegisteredOffice2022-12-012023-11-30116594672021-12-012022-11-3011659467core:RetainedEarningsAccumulatedLosses2022-12-012023-11-3011659467bus:AllOrdinaryShares2022-12-012023-11-3011659467core:EntityWithJointControlOrSignificantInfluence12022-12-012023-11-30116594672022-12-0111659467bus:SmallEntities2022-12-012023-11-3011659467bus:FullAccounts2022-12-012023-11-3011659467bus:AuditExempt-NoAccountantsReport2022-12-012023-11-3011659467bus:Director12022-12-012023-11-3011659467bus:PrivateLimitedCompanyLtd2022-12-012023-11-30iso4217:GBPxbrli:pure