Caseware UK (AP4) 2023.0.135 2023.0.135 true2023-01-01falseNo description of principal activity2525trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04568021 2023-01-01 2023-12-31 04568021 2023-12-31 04568021 2022-01-01 2022-12-31 04568021 2022-12-31 04568021 c:Director1 2023-01-01 2023-12-31 04568021 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 04568021 d:Buildings d:LongLeaseholdAssets 2023-12-31 04568021 d:Buildings d:LongLeaseholdAssets 2022-12-31 04568021 d:PlantMachinery 2023-01-01 2023-12-31 04568021 d:PlantMachinery 2023-12-31 04568021 d:PlantMachinery 2022-12-31 04568021 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04568021 d:MotorVehicles 2023-01-01 2023-12-31 04568021 d:MotorVehicles 2023-12-31 04568021 d:MotorVehicles 2022-12-31 04568021 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04568021 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04568021 d:CurrentFinancialInstruments 2023-12-31 04568021 d:CurrentFinancialInstruments 2022-12-31 04568021 d:Non-currentFinancialInstruments 2023-12-31 04568021 d:Non-currentFinancialInstruments 2022-12-31 04568021 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04568021 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04568021 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04568021 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04568021 d:ShareCapital 2023-12-31 04568021 d:ShareCapital 2022-12-31 04568021 d:RetainedEarningsAccumulatedLosses 2023-12-31 04568021 d:RetainedEarningsAccumulatedLosses 2022-12-31 04568021 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04568021 c:OrdinaryShareClass1 2023-12-31 04568021 c:OrdinaryShareClass1 2022-12-31 04568021 c:FRS102 2023-01-01 2023-12-31 04568021 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04568021 c:FullAccounts 2023-01-01 2023-12-31 04568021 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 04568021













Queensberry Design Limited

Financial statements
Information for filing with the registrar

31 December 2023




 
Queensberry Design Limited


Balance sheet
At 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
491,964
393,246

  
491,964
393,246

Current assets
  

Debtors
 5 
1,823,630
2,112,974

Cash at bank and in hand
  
276,314
234,181

  
2,099,944
2,347,155

Creditors: amounts falling due within one year
 6 
(247,441)
(263,856)

Net current assets
  
 
 
1,852,503
 
 
2,083,299

Total assets less current liabilities
  
2,344,467
2,476,545

Creditors: amounts falling due after more than one year
 7 
(135,802)
(49,806)

Provisions for liabilities
  

Deferred tax
  
(81,922)
(78,348)

  
 
 
(81,922)
 
 
(78,348)

Net assets
  
2,126,743
2,348,391


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
2,126,643
2,348,291

Shareholders funds'
  
2,126,743
2,348,391


1

 
Queensberry Design Limited

    
Balance sheet (continued)
At 31 December 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2024.




M D Paylor
Director

Company registered number: 04568021
The notes on pages 3 to 6 form part of these financial statements. 

2

 
Queensberry Design Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

1.


General information

Queensbury Design Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England.  The address of the registered office is Unit 5 The Staithes, The Watermark, Gateshead, NE11 9SN.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.

3

 
Queensberry Design Limited
 

 
Notes to the financial statements
Year ended 31 December 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
5% straight line
Plant and machinery
-
20% straight line
Motor vehicles
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

4

 
Queensberry Design Limited
 

 
Notes to the financial statements
Year ended 31 December 2023

2.Accounting policies (continued)

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 25 (2022 - 25).


4.


Tangible fixed assets





Long-term leasehold property imp'ments
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost


At 1 January 2023
106,294
222,943
245,733
574,970


Additions
-
55,283
166,724
222,007


Disposals
(53,001)
-
-
(53,001)



At 31 December 2023

53,293
278,226
412,457
743,976



Depreciation


At 1 January 2023
12,262
169,461
-
181,723


Charge for the year
3,953
16,413
58,315
78,681


Disposals
(8,392)
-
-
(8,392)



At 31 December 2023

7,823
185,874
58,315
252,012



Net book value



At 31 December 2023
45,470
92,352
354,142
491,964



At 31 December 2022
94,031
53,482
245,733
393,246

5

 
Queensberry Design Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

5.


Debtors

2023
2022
£
£


Trade debtors
306,458
400,641

Other debtors
1,421,700
1,651,438

Prepayments and accrued income
95,472
60,895

1,823,630
2,112,974



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Loans
30,431
30,431

Trade creditors
11,436
4,896

Corporation tax
138,489
153,177

Other taxation and social security
38,349
58,601

Obligations under finance lease and hire purchase contracts
15,420
-

Other creditors
9,001
8,015

Accruals and deferred income
4,315
8,736

247,441
263,856



7.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
113,029
-

Loans
22,773
49,806

135,802
49,806



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
6