IRIS Accounts Production v24.2.0.383 03166763 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031667632023-03-31031667632024-03-31031667632023-04-012024-03-31031667632022-03-31031667632022-04-012023-03-31031667632023-03-3103166763ns15:EnglandWales2023-04-012024-03-3103166763ns14:PoundSterling2023-04-012024-03-3103166763ns10:Director12023-04-012024-03-3103166763ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103166763ns10:SmallEntities2023-04-012024-03-3103166763ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103166763ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103166763ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103166763ns10:FullAccounts2023-04-012024-03-3103166763ns10:CompanySecretary12023-04-012024-03-3103166763ns10:RegisteredOffice2023-04-012024-03-3103166763ns5:CurrentFinancialInstruments2024-03-3103166763ns5:CurrentFinancialInstruments2023-03-3103166763ns5:ShareCapital2024-03-3103166763ns5:ShareCapital2023-03-3103166763ns5:RetainedEarningsAccumulatedLosses2024-03-3103166763ns5:RetainedEarningsAccumulatedLosses2023-03-3103166763ns5:LandBuildings2023-04-012024-03-3103166763ns5:PlantMachinery2023-04-012024-03-3103166763ns5:LandBuildings2023-03-3103166763ns5:PlantMachinery2023-03-3103166763ns5:LandBuildings2024-03-3103166763ns5:PlantMachinery2024-03-3103166763ns5:LandBuildings2023-03-3103166763ns5:PlantMachinery2023-03-3103166763ns5:CostValuation2023-03-3103166763ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103166763ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103166763ns5:WithinOneYear2024-03-3103166763ns5:WithinOneYear2023-03-3103166763ns5:BetweenOneFiveYears2024-03-3103166763ns5:BetweenOneFiveYears2023-03-3103166763ns5:AllPeriods2024-03-3103166763ns5:AllPeriods2023-03-3103166763ns5:AcceleratedTaxDepreciationDeferredTax2024-03-3103166763ns5:AcceleratedTaxDepreciationDeferredTax2023-03-3103166763ns5:DeferredTaxation2023-03-3103166763ns5:DeferredTaxation2023-04-012024-03-3103166763ns5:DeferredTaxation2024-03-31031667631ns10:Director12023-03-31031667631ns10:Director12022-03-31031667631ns10:Director12023-04-012024-03-31031667631ns10:Director12022-04-012023-03-31031667631ns10:Director12024-03-31031667631ns10:Director12023-03-31
REGISTERED NUMBER: 03166763 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

ENTERPRISE Q LTD.

ENTERPRISE Q LTD. (REGISTERED NUMBER: 03166763)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENTERPRISE Q LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: R Haidinger





SECRETARY: Ms J Miller





REGISTERED OFFICE: Fairhills Industrial Park
Unit 1, Tallow Way
Irlam
Manchester
M44 6RJ





REGISTERED NUMBER: 03166763 (England and Wales)





ACCOUNTANTS: Percy Westhead & Company
Chartered Accountants
Hanover House
30-32 Charlotte Street
Manchester
M1 4FD

ENTERPRISE Q LTD. (REGISTERED NUMBER: 03166763)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 538,896 562,587
Investments 5 100 100
538,996 562,687

CURRENT ASSETS
Stocks 199,566 265,951
Debtors 6 311,580 474,292
Cash at bank and in hand 700,157 553,225
1,211,303 1,293,468
CREDITORS
Amounts falling due within one year 7 136,613 237,879
NET CURRENT ASSETS 1,074,690 1,055,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,613,686

1,618,276

PROVISIONS FOR LIABILITIES 9 38,156 40,959
NET ASSETS 1,575,530 1,577,317

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,575,430 1,577,217
SHAREHOLDERS' FUNDS 1,575,530 1,577,317

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

ENTERPRISE Q LTD. (REGISTERED NUMBER: 03166763)

BALANCE SHEET - continued
31ST MARCH 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 director and authorised for issue on 7th October 2024 and were signed by:





R Haidinger - Director


ENTERPRISE Q LTD. (REGISTERED NUMBER: 03166763)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Enterprise Q 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost, 25% on reducing balance, 15% on reducing balance, 10% on reducing balance and 4% on cost

Freehold land is not depreciated.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

ENTERPRISE Q LTD. (REGISTERED NUMBER: 03166763)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

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 18 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 579,587 628,709 1,208,296
Additions - 31,170 31,170
Disposals - (40,702 ) (40,702 )
At 31st March 2024 579,587 619,177 1,198,764
DEPRECIATION
At 1st April 2023 222,110 423,599 645,709
Charge for year 9,657 43,095 52,752
Eliminated on disposal - (38,593 ) (38,593 )
At 31st March 2024 231,767 428,101 659,868
NET BOOK VALUE
At 31st March 2024 347,820 191,076 538,896
At 31st March 2023 357,477 205,110 562,587

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2023
and 31st March 2024 100
NET BOOK VALUE
At 31st March 2024 100
At 31st March 2023 100

ENTERPRISE Q LTD. (REGISTERED NUMBER: 03166763)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 283,636 459,752
Other debtors 15,428 7,741
Directors' current accounts 2,233 -
Prepayments 10,283 6,799
311,580 474,292

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 54,920 107,124
Amounts owed to group undertakings 100 100
Tax 12,468 34,103
Social security and other taxes 9,056 13,956
VAT 44,412 50,414
Other creditors 393 393
Directors' current accounts - 7,497
Accrued expenses 15,264 24,292
136,613 237,879

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 26,341 26,341
Between one and five years 13,170 39,511
39,511 65,852

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 38,156 40,959

Deferred
tax
£   
Balance at 1st April 2023 40,959
Provided during year (2,803 )
Balance at 31st March 2024 38,156

ENTERPRISE Q LTD. (REGISTERED NUMBER: 03166763)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
R Haidinger
Balance outstanding at start of year - 797
Amounts advanced 2,233 -
Amounts repaid - (797 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,233 -