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REGISTERED NUMBER: 04410497 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Quality Purchasing Systems Ltd

Quality Purchasing Systems Ltd (Registered number: 04410497)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Quality Purchasing Systems Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P V Jones
Ms C M Maund-Powell



REGISTERED OFFICE: 17 Leckhampton Place
Old Station Drive
Leckhampton
Cheltenham
Gloucestershire
GL53 0DD



REGISTERED NUMBER: 04410497 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: HSBC Plc
The Cross
Gloucester
GL1 2AP

Quality Purchasing Systems Ltd (Registered number: 04410497)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,698 2,264

CURRENT ASSETS
Debtors 5 1,315 2,614
Cash at bank and in hand 4,070 15,254
5,385 17,868
CREDITORS
Amounts falling due within one year 6 4,976 10,180
NET CURRENT ASSETS 409 7,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,107

9,952

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,007 9,852
SHAREHOLDERS' FUNDS 2,107 9,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 7 September 2024 and were signed on its behalf by:





P V Jones - Director


Quality Purchasing Systems Ltd (Registered number: 04410497)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Quality Purchasing Systems Ltd 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.

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

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 May 2023
and 30 April 2024 263 3,514 3,777
Depreciation
At 1 May 2023 170 1,343 1,513
Charge for year 23 543 566
At 30 April 2024 193 1,886 2,079
Net book value
At 30 April 2024 70 1,628 1,698
At 30 April 2023 93 2,171 2,264

Quality Purchasing Systems Ltd (Registered number: 04410497)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors - 1,989
Other debtors 1,315 625
1,315 2,614

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Taxation and social security - 3,421
Other creditors 4,976 6,759
4,976 10,180