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REGISTERED NUMBER: 06978474 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

QASR LIMITED

QASR LIMITED (REGISTERED NUMBER: 06978474)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


QASR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Dr R A Chilton
Mrs M Young





SECRETARY: Mrs J Chilton





REGISTERED OFFICE: 70 Shepperton Close
Appleton
Warrington
Cheshire
WA4 5JZ





REGISTERED NUMBER: 06978474 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY

QASR LIMITED (REGISTERED NUMBER: 06978474)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,113 3,500

CURRENT ASSETS
Debtors 5 51,749 73,525
Cash at bank 77,795 60,719
129,544 134,244
CREDITORS
Amounts falling due within one year 6 4,116 13,927
NET CURRENT ASSETS 125,428 120,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,541

123,817

PROVISIONS FOR LIABILITIES 1,278 875
NET ASSETS 129,263 122,942

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Retained earnings 128,261 121,940
SHAREHOLDERS' FUNDS 129,263 122,942

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 9 October 2024 and were signed on its behalf by:





Dr R A Chilton - Director


QASR LIMITED (REGISTERED NUMBER: 06978474)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

QASR Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06978474 and its registered office address is at 70 Shepperton Close, Appleton, Warrington, Cheshire, WA4 5JZ.

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 represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.

3. EMPLOYEES AND DIRECTORS

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

QASR LIMITED (REGISTERED NUMBER: 06978474)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023 4,455
Additions 2,998
At 31 January 2024 7,453
DEPRECIATION
At 1 February 2023 955
Charge for year 1,385
At 31 January 2024 2,340
NET BOOK VALUE
At 31 January 2024 5,113
At 31 January 2023 3,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 51,233 51,233
VAT 516 22,292
51,749 73,525

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 53 90
Corporation tax 1,943 3,185
Social security and other taxes - 7,271
Directors' loan accounts 20 1,381
Accrued expenses 2,100 2,000
4,116 13,927