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REGISTERED NUMBER: 12358649 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 December 2023

for

QSR Trading Limited

QSR Trading Limited (Registered number: 12358649)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


QSR Trading Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J D Morgan





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 12358649 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

QSR Trading Limited (Registered number: 12358649)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 82,584 96,348
Tangible assets 5 119,912 84,643
202,496 180,991

CURRENT ASSETS
Stocks 2,936 2,690
Debtors 6 252,485 278,435
Cash at bank 42,834 123,443
298,255 404,568
CREDITORS
Amounts falling due within one year 7 222,969 282,746
NET CURRENT ASSETS 75,286 121,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,782

302,813

CREDITORS
Amounts falling due after more than one
year

8

30,093

35,648
NET ASSETS 247,689 267,165

CAPITAL AND RESERVES
Called up share capital 303 100
Retained earnings 247,386 267,065
SHAREHOLDERS' FUNDS 247,689 267,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 10 April 2024 and were signed by:



J D Morgan - Director


QSR Trading Limited (Registered number: 12358649)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

QSR Trading 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

QSR Trading Limited (Registered number: 12358649)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 137,640
AMORTISATION
At 1 January 2023 41,292
Amortisation for year 13,764
At 31 December 2023 55,056
NET BOOK VALUE
At 31 December 2023 82,584
At 31 December 2022 96,348

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 103,369 7,282 110,651
Additions 49,119 2,827 51,946
At 31 December 2023 152,488 10,109 162,597
DEPRECIATION
At 1 January 2023 24,944 1,064 26,008
Charge for year 16,677 - 16,677
At 31 December 2023 41,621 1,064 42,685
NET BOOK VALUE
At 31 December 2023 110,867 9,045 119,912
At 31 December 2022 78,425 6,218 84,643

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 115,097 113,162
Other debtors 137,388 165,273
252,485 278,435

QSR Trading Limited (Registered number: 12358649)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,555 5,555
Trade creditors 7,593 4,444
Amounts owed to group undertakings 99,629 141,619
Taxation and social security 10,523 55,957
Other creditors 99,669 75,171
222,969 282,746

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 30,093 35,648

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
J D Morgan
Balance outstanding at start of year 161,347 74,343
Amounts advanced 149,852 167,004
Amounts repaid (182,183 ) (80,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 129,016 161,347