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REGISTERED NUMBER: 02970064 (England and Wales)















QLS - Quality Liaison Services Limited

Unaudited Financial Statements

for the year ended

31 March 2024






QLS - Quality Liaison Services Limited (Registered number: 02970064)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

QLS - Quality Liaison Services Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: Mrs K J Patel





REGISTERED OFFICE: Diss Business Park
Sandy Lane
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 02970064 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT

QLS - Quality Liaison Services Limited (Registered number: 02970064)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 86,127 62,405
86,127 62,405

CURRENT ASSETS
Stocks 60,320 24,621
Debtors 6 1,098,070 1,564,785
Cash at bank and in hand 721,165 728,539
1,879,555 2,317,945
CREDITORS
Amounts falling due within one year 7 (412,241 ) (450,640 )
NET CURRENT ASSETS 1,467,314 1,867,305
TOTAL ASSETS LESS CURRENT LIABILITIES 1,553,441 1,929,710

CREDITORS
Amounts falling due after more than one year 8 (74,724 ) (156,656 )

PROVISIONS FOR LIABILITIES 10 (35,655 ) (27,679 )
NET ASSETS 1,443,062 1,745,375

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 1,442,962 1,745,275
SHAREHOLDERS' FUNDS 1,443,062 1,745,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 16 August 2024 and were signed by:





Mrs K J Patel - Director


QLS - Quality Liaison Services Limited (Registered number: 02970064)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

QLS - Quality Liaison Services 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.

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.

Patents and licences are being amortised evenly over their estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

QLS - Quality Liaison Services Limited (Registered number: 02970064)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2023 - 60 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 10,299
AMORTISATION
At 1 April 2023
and 31 March 2024 10,299
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 25,850 137,458 83,380 56,332 303,020
Additions - 36,785 - 6,527 43,312
At 31 March 2024 25,850 174,243 83,380 62,859 346,332
DEPRECIATION
At 1 April 2023 2,585 109,021 72,677 56,332 240,615
Charge for year 2,585 12,068 2,676 2,261 19,590
At 31 March 2024 5,170 121,089 75,353 58,593 260,205
NET BOOK VALUE
At 31 March 2024 20,680 53,154 8,027 4,266 86,127
At 31 March 2023 23,265 28,437 10,703 - 62,405

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 476,223 654,473
Amounts owed by group undertakings 579,990 869,986
Other debtors 41,857 40,326
1,098,070 1,564,785

QLS - Quality Liaison Services Limited (Registered number: 02970064)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 86,964 81,282
Trade creditors 53,626 78,395
Amounts owed to group undertakings 24,156 31,720
Taxation and social security 97,890 134,902
Other creditors 149,605 124,341
412,241 450,640

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 74,724 156,656

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 14,832 14,832
Between one and five years 59,328 59,328
In more than five years 3,708 18,540
77,868 92,700

10. PROVISIONS FOR LIABILITIES

The dilapidations for the offices of the business are as stated below:

20242023
££
Diss8,0008,000
Bilston15,00015,000
Total23,00023,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ordinary 1 100 100

12. RELATED PARTY DISCLOSURES

At the year end the company owed the director £900 (2023 - £856) in relation to an interest free loan with no set repayment terms.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
QLS - Quality Liaison Services Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of QLS - Quality Liaison Services Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of QLS - Quality Liaison Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of QLS - Quality Liaison Services Limited and state those matters that we have agreed to state to the director of QLS - Quality Liaison Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than QLS - Quality Liaison Services Limited and its director for our work or for this report.

It is your duty to ensure that QLS - Quality Liaison Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of QLS - Quality Liaison Services Limited. You consider that QLS - Quality Liaison Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of QLS - Quality Liaison Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT


21 August 2024