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QSERVE GROUP UK LTD

Registered Number
12085046
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

QSERVE GROUP UK LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

VAN LOCHEM, Jan Hendrik

Registered Address

282 Farnborough Road
Farnborough
GU14 7NA

Registered Number

12085046 (England and Wales)
QSERVE GROUP UK LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets32,3504,690
2,3504,690
Current assets
Debtors4273,948275,061
Cash at bank and on hand177,47057,881
451,418332,942
Creditors amounts falling due within one year5(281,055)(209,829)
Net current assets (liabilities)170,363123,113
Total assets less current liabilities172,713127,803
Creditors amounts falling due after one year6-(73,312)
Net assets172,71354,491
Capital and reserves
Called up share capital100100
Profit and loss account172,61354,391
Shareholders' funds172,71354,491
The financial statements were approved and authorised for issue by the Director on 27 August 2024, and are signed on its behalf by:
VAN LOCHEM, Jan Hendrik
Director
Registered Company No. 12085046
QSERVE GROUP UK LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The company is wholly controlled by QServe Group B.V.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from from the rendering of services.
Revenue from sale of goods
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Computer Equipment 33.3% on cost
2.Average number of employees

20232022
Average number of employees during the year55
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 238,191
At 31 December 238,191
Depreciation and impairment
At 01 January 233,502
Charge for year2,339
At 31 December 235,841
Net book value
At 31 December 232,350
At 31 December 224,690
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables271,253272,000
Other debtors-288
Prepayments and accrued income2,6952,773
Total273,948275,061
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables153,189122,903
Amounts owed to related parties72012
Taxation and social security86,42641,291
Other creditors6,2853,854
Accrued liabilities and deferred income34,43541,769
Total281,055209,829
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Amounts owed to related parties-73,312
Total-73,312