Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Brian Churchill Allan 09/05/2019 29 August 2024 The principal activity of the Company during the financial year was that of chartered surveying services. SC629998 2024-03-31 SC629998 bus:Director1 2024-03-31 SC629998 core:CurrentFinancialInstruments 2024-03-31 SC629998 core:CurrentFinancialInstruments 2023-03-31 SC629998 2023-03-31 SC629998 core:ShareCapital 2024-03-31 SC629998 core:ShareCapital 2023-03-31 SC629998 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC629998 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC629998 core:CurrentFinancialInstruments 10 2024-03-31 SC629998 core:CurrentFinancialInstruments 10 2023-03-31 SC629998 bus:OrdinaryShareClass1 2024-03-31 SC629998 2023-04-01 2024-03-31 SC629998 bus:FilletedAccounts 2023-04-01 2024-03-31 SC629998 bus:SmallEntities 2023-04-01 2024-03-31 SC629998 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC629998 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC629998 bus:Director1 2023-04-01 2024-03-31 SC629998 2022-04-01 2023-03-31 SC629998 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 SC629998 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC629998 (Scotland)

QSI CONSULTING LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH THE REGISTRAR

QSI CONSULTING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024

Contents

QSI CONSULTING LTD

BALANCE SHEET

AS AT 31 MARCH 2024
QSI CONSULTING LTD

BALANCE SHEET (continued)

AS AT 31 MARCH 2024
Note 2024 2023
£ £
Current assets
Debtors 3 24,736 30,082
Cash at bank and in hand 4 21,635 9,403
46,371 39,485
Creditors: amounts falling due within one year 5 ( 46,469) ( 29,547)
Net current (liabilities)/assets (98) 9,938
Total assets less current liabilities (98) 9,938
Net (liabilities)/assets ( 98) 9,938
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 198 ) 9,838
Total shareholder's (deficit)/funds ( 98) 9,938

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.

Director's responsibilities:

The financial statements of QSI Consulting Ltd (registered number: SC629998) were approved and authorised for issue by the Director on 29 August 2024. They were signed on its behalf by:

Brian Churchill Allan
Director
QSI CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
QSI CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

QSI Consulting Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Avenel, Ewanfield, Crieff, PH7 3DA, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue is recognised when the company has entitlement to the income in exchange for the provision of services.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2024 2023
£ £
Trade debtors 9,860 10,880
Other taxation and social security 4,612 4,612
Other debtors 10,264 14,590
24,736 30,082

4. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 21,635 9,403

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 44,268 26,818
Other creditors 2,201 2,729
46,469 29,547

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Other related party transactions

2024 2023
£ £
Loan to director 9,783 13,665

Advances have been made in the year to a director totalling £378 and £4,312 has been repaid. Interest of £52 was charged at 2.25%. The loan is unsecured and has no fixed terms of repayment. Taxation under S455 has been applied on balances not repaid within 9 months of the company year end.

8. Illegal Dividends

The director paid a dividend when there was unknowingly insufficient reserves. The director undertakes to make no further distributions until such time as there are reserves available for the purpose.