Company Registration No. 07738983 (England and Wales)
Q Intelligent Security Ltd
Unaudited accounts
for the year ended 31 August 2023
Q Intelligent Security Ltd
Unaudited accounts
Contents
Q Intelligent Security Ltd
Company Information
for the year ended 31 August 2023
Company Number
07738983 (England and Wales)
Registered Office
Brightwell Grange
Britwell Road
Burnham
Berkshire
SL1 8DF
England
Accountants
Blue Cube Accountants Limited
Britwell Grange
Britwell Road
Burnham
SL1 8DF
Q Intelligent Security Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
1,222
1,824
Investment property
250,000
-
Cash at bank and in hand
9,138
9,404
Creditors: amounts falling due within one year
(285,192)
(182,480)
Net current (liabilities)/assets
(124,745)
114,753
Total assets less current liabilities
126,477
116,577
Creditors: amounts falling due after more than one year
(33,674)
(38,969)
Called up share capital
100
100
Profit and loss account
92,703
77,508
Shareholders' funds
92,803
77,608
For the year ending 31 August 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 August 2024 and were signed on its behalf by
Chris Rouse
Director
Company Registration No. 07738983
Q Intelligent Security Ltd
Notes to the Accounts
for the year ended 31 August 2023
Q Intelligent Security Ltd is a private company, limited by shares, registered in England and Wales, registration number 07738983. The registered office is Brightwell Grange, Britwell Road, Burnham, Berkshire, SL1 8DF, England.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Reducing balance
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 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Q Intelligent Security Ltd
Notes to the Accounts
for the year ended 31 August 2023
3
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
21,660
32,733
Other debtors
129,649
255,096
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,296
31,174
Trade creditors
9,087
11,416
Taxes and social security
147,518
115,873
Other creditors
90,067
16,185
7
Creditors: amounts falling due after more than one year
2023
2022
Q Intelligent Security Ltd
Notes to the Accounts
for the year ended 31 August 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
229,958
240,788
367,902
102,844
229,958
240,788
367,902
102,844
The loan to the director is fully repayable on demand. Interest has been charged at the official HMRC rate.
10
Transactions with related parties
Included in debtors is £1,667 (2022: £nil) owed from Q7 Consultants Limited. This company is owned by the director.
Management charges of £65,000 (2022: £nil) were paid to Q7 Consultants Limited during the year.
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).