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REGISTERED NUMBER: 02827951 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Q R S Market Research Limited

Q R S Market Research Limited (Registered number: 02827951)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Q R S Market Research Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Ms S L Rigby
L J Tomlin
Mrs K A Tomlin
J A Gough





SECRETARY: Mrs K A Tomlin





REGISTERED OFFICE: Part Ground Floor, Unit C2, The Chase
Foxholes Business Park
John Tate Road
Hertford
Hertfordshire
SG13 7NN





REGISTERED NUMBER: 02827951 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Q R S Market Research Limited (Registered number: 02827951)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,305 3,345
Tangible assets 5 41,813 44,524
43,118 47,869

CURRENT ASSETS
Debtors 6 389,354 424,236
Cash at bank and in hand 763,726 633,123
1,153,080 1,057,359
CREDITORS
Amounts falling due within one year 7 561,582 476,698
NET CURRENT ASSETS 591,498 580,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

634,616

628,530

PROVISIONS FOR LIABILITIES 6,645 5,948
NET ASSETS 627,971 622,582

CAPITAL AND RESERVES
Called up share capital 600 600
Capital redemption reserve 438 438
Retained earnings 626,933 621,544
627,971 622,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Q R S Market Research Limited (Registered number: 02827951)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:




L J Tomlin - Director



Ms S L Rigby - Director


Q R S Market Research Limited (Registered number: 02827951)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Q R S Market Research 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.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Q R S Market Research Limited (Registered number: 02827951)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 157 (2023 - 166 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 8,160
AMORTISATION
At 1 June 2023 4,815
Charge for year 2,040
At 31 May 2024 6,855
NET BOOK VALUE
At 31 May 2024 1,305
At 31 May 2023 3,345

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 35,297 44,192 41,625 121,114
Additions 1,022 - 9,342 10,364
Disposals (1,293 ) - - (1,293 )
At 31 May 2024 35,026 44,192 50,967 130,185
DEPRECIATION
At 1 June 2023 12,036 34,812 29,742 76,590
Charge for year 6,394 1,876 4,805 13,075
Eliminated on disposal (1,293 ) - - (1,293 )
At 31 May 2024 17,137 36,688 34,547 88,372
NET BOOK VALUE
At 31 May 2024 17,889 7,504 16,420 41,813
At 31 May 2023 23,261 9,380 11,883 44,524

Q R S Market Research Limited (Registered number: 02827951)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 241,277 315,296
Other debtors 148,077 108,940
389,354 424,236

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 80,242 74,518
Taxation and social security 241,557 185,793
Other creditors 239,783 216,387
561,582 476,698

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£    £   
Within one year 47,714 46,500
Between one and five years 83,500 127,875
131,214 174,375

9. SECURED DEBTS

The bank has a fixed and floating charge over the company's assets.