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REGISTERED NUMBER: 11960418 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 29 April 2024

for

Qf Property Maintenance Ltd

Qf Property Maintenance Ltd (Registered number: 11960418)

Contents of the Financial Statements
For The Year Ended 29 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Qf Property Maintenance Ltd

Company Information
For The Year Ended 29 April 2024







DIRECTOR: A Lule





REGISTERED OFFICE: Suite 223, Loughton Seedbed Centre
Langston Road
Loughton
IG10 3TQ





REGISTERED NUMBER: 11960418 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Qf Property Maintenance Ltd (Registered number: 11960418)

Statement of Financial Position
29 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 8,000
Tangible assets 5 18,563 3,659
24,563 11,659

CURRENT ASSETS
Debtors 6 58,591 39,375
Cash at bank 7,430 32,298
66,021 71,673
CREDITORS
Amounts falling due within one year 7 27,276 34,333
NET CURRENT ASSETS 38,745 37,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,308

48,999

PROVISIONS FOR LIABILITIES 8 3,527 695
NET ASSETS 59,781 48,304

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 59,780 48,303
SHAREHOLDERS' FUNDS 59,781 48,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:




A Lule - Director


Qf Property Maintenance Ltd (Registered number: 11960418)

Notes to the Financial Statements
For The Year Ended 29 April 2024


1. STATUTORY INFORMATION

Qf Property Maintenance 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

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.

Patents and licences are being amortised evenly over their estimated useful life of 3 years.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Qf Property Maintenance Ltd (Registered number: 11960418)

Notes to the Financial Statements - continued
For The Year Ended 29 April 2024


2. ACCOUNTING POLICIES - continued

Creditors
Short term creditors are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Franchise
fees
£   
COST
At 30 April 2023
and 29 April 2024 12,000
AMORTISATION
At 30 April 2023 4,000
Amortisation for year 2,000
At 29 April 2024 6,000
NET BOOK VALUE
At 29 April 2024 6,000
At 29 April 2023 8,000

Qf Property Maintenance Ltd (Registered number: 11960418)

Notes to the Financial Statements - continued
For The Year Ended 29 April 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 30 April 2023 2,707 - 2,139 4,846
Additions - 21,400 - 21,400
At 29 April 2024 2,707 21,400 2,139 26,246
DEPRECIATION
At 30 April 2023 541 - 646 1,187
Charge for year 433 5,350 713 6,496
At 29 April 2024 974 5,350 1,359 7,683
NET BOOK VALUE
At 29 April 2024 1,733 16,050 780 18,563
At 29 April 2023 2,166 - 1,493 3,659

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,082 21,864
Other debtors 29,012 17,095
VAT 10,497 416
58,591 39,375

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 431 143
Tax 12,351 11,711
Directors' current accounts 12,949 20,979
Accrued expenses 1,545 1,500
27,276 34,333

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,527 695

Deferred
tax
£   
Balance at 30 April 2023 695
Provided during year 2,832
Balance at 29 April 2024 3,527

Qf Property Maintenance Ltd (Registered number: 11960418)

Notes to the Financial Statements - continued
For The Year Ended 29 April 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary GBP Shares £1 1 1