Quest (Scotland) Ltd SC245079 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is The principal activity of the company during the year was training consultancy. Digita Accounts Production Advanced 6.30.9574.0 true SC245079 2023-04-01 2024-03-31 SC245079 2024-03-31 SC245079 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC245079 core:ShareCapital 2024-03-31 SC245079 core:SharePremium 2024-03-31 SC245079 core:CurrentFinancialInstruments 2024-03-31 SC245079 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 SC245079 core:ConstructionInProgressAssetsUnderConstruction 2024-03-31 SC245079 core:FurnitureFittings 2024-03-31 SC245079 core:OfficeEquipment 2024-03-31 SC245079 core:PlantMachinery 2024-03-31 SC245079 bus:SmallEntities 2023-04-01 2024-03-31 SC245079 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC245079 bus:FilletedAccounts 2023-04-01 2024-03-31 SC245079 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC245079 bus:RegisteredOffice 2023-04-01 2024-03-31 SC245079 bus:Director4 2023-04-01 2024-03-31 SC245079 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 SC245079 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 SC245079 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 SC245079 bus:OrdinaryShareClass4 2023-04-01 2024-03-31 SC245079 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC245079 core:ConstructionInProgressAssetsUnderConstruction 2023-04-01 2024-03-31 SC245079 core:FurnitureFittings 2023-04-01 2024-03-31 SC245079 core:OfficeEquipment 2023-04-01 2024-03-31 SC245079 core:PlantMachinery 2023-04-01 2024-03-31 SC245079 countries:Scotland 2023-04-01 2024-03-31 SC245079 2023-03-31 SC245079 core:ConstructionInProgressAssetsUnderConstruction 2023-03-31 SC245079 core:FurnitureFittings 2023-03-31 SC245079 core:OfficeEquipment 2023-03-31 SC245079 core:PlantMachinery 2023-03-31 SC245079 2022-04-01 2023-03-31 SC245079 2023-03-31 SC245079 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC245079 core:ShareCapital 2023-03-31 SC245079 core:SharePremium 2023-03-31 SC245079 core:CurrentFinancialInstruments 2023-03-31 SC245079 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 SC245079 core:ConstructionInProgressAssetsUnderConstruction 2023-03-31 SC245079 core:FurnitureFittings 2023-03-31 SC245079 core:OfficeEquipment 2023-03-31 SC245079 core:PlantMachinery 2023-03-31 SC245079 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC245079 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 SC245079 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 SC245079 bus:OrdinaryShareClass4 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registration number: SC245079

Quest (Scotland) Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Quest (Scotland) Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Quest (Scotland) Ltd

(Registration number: SC245079)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

2,128

Current assets

 

Debtors

5

52,305

45,221

Cash at bank and in hand

 

138,603

110,417

 

190,908

155,638

Creditors: Amounts falling due within one year

6

(100,872)

(95,890)

Net current assets

 

90,036

59,748

Total assets less current liabilities

 

90,036

61,876

Provisions for liabilities

-

(404)

Net assets

 

90,036

61,472

Capital and reserves

 

Called up share capital

14,000

14,000

Share premium reserve

14,000

14,000

Retained earnings

62,036

33,472

Shareholders' funds

 

90,036

61,472

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 20 August 2024 and signed on its behalf by:
 

 

Quest (Scotland) Ltd

(Registration number: SC245079)
Statement of Financial Position as at 31 March 2024

.........................................
Mrs Laura Mason
Director

 

Quest (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
DD1 3DG
Scotland

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

 

Quest (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

25% reducing balance

Equipment

33% straight line

Development Costs

33% straight line

Tenants Alterations

10% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 3 (2023 - 3).

 

Quest (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Tenants alterations
 £

Fixtures and fittings
£

Development costs
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

1,043

13,405

41,025

31,156

86,629

At 31 March 2024

1,043

13,405

41,025

31,156

86,629

Depreciation

At 1 April 2023

1,043

13,254

39,049

31,155

84,501

Charge for the year

-

151

1,976

1

2,128

At 31 March 2024

1,043

13,405

41,025

31,156

86,629

Carrying amount

At 31 March 2024

-

-

-

-

-

At 31 March 2023

-

151

1,976

1

2,128

5

Debtors

Current

2024
£

2023
£

Trade debtors

52,305

45,221

 

52,305

45,221

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

27,011

26,615

Taxation and social security

49,034

32,128

Other creditors

24,827

37,147

100,872

95,890

7

Dividends

Final dividends paid

 

Quest (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2024
£

2023
£

Final dividend of £3.64 (2023 - £3.87) per each Ordinary A

33,417

36,167

Final dividend of £72.84 (2023 - £77.25) per each Ordinary B

34,017

36,076

Final dividend of £14.19 (2023 - £13.84) per each Ordinary C

39,747

38,767

Final dividend of £Nil per each Ordinary D

-

-

107,180

111,009