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REGISTERED NUMBER: 11194384 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

QCS Techniques Limited

QCS Techniques Limited (Registered number: 11194384)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QCS Techniques Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: S T Middleton
H M R Claydon
M J Bailey





REGISTERED OFFICE: 87 Haltwhistle Road
South Woodham Ferrers
Essex
CM3 5ZA





REGISTERED NUMBER: 11194384 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

QCS Techniques Limited (Registered number: 11194384)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 132,950 42,829
Tangible assets 5 85,453 109,845
218,403 152,674

CURRENT ASSETS
Debtors 6 76,417 263,520
Cash at bank 19,820 18,353
96,237 281,873
CREDITORS
Amounts falling due within one year 7 87,244 53,809
NET CURRENT ASSETS 8,993 228,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,396

380,738

CREDITORS
Amounts falling due after more than one year 8 (48,504 ) (70,941 )

PROVISIONS FOR LIABILITIES (54,601 ) (20,871 )
NET ASSETS 124,291 288,926

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 124,191 288,826
SHAREHOLDERS' FUNDS 124,291 288,926

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

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

QCS Techniques Limited (Registered number: 11194384)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:




S T Middleton - Director H M R Claydon - Director




M J Bailey - Director


QCS Techniques Limited (Registered number: 11194384)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

QCS Techniques Limited 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.

The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the company's forecasts and projections, the members have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

QCS Techniques Limited (Registered number: 11194384)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

QCS Techniques Limited (Registered number: 11194384)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued

Provision for liabilities
Provisions are recognised when the group has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Dividends
Dividends are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023 43,250
Additions 100,406
At 29 February 2024 143,656
AMORTISATION
At 1 March 2023 421
Charge for year 10,285
At 29 February 2024 10,706
NET BOOK VALUE
At 29 February 2024 132,950
At 28 February 2023 42,829

QCS Techniques Limited (Registered number: 11194384)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 161,402
Additions 3,551
At 29 February 2024 164,953
DEPRECIATION
At 1 March 2023 51,557
Charge for year 27,943
At 29 February 2024 79,500
NET BOOK VALUE
At 29 February 2024 85,453
At 28 February 2023 109,845

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 151,130
DEPRECIATION
At 1 March 2023 49,733
Charge for year 25,349
At 29 February 2024 75,082
NET BOOK VALUE
At 29 February 2024 76,048
At 28 February 2023 101,397

QCS Techniques Limited (Registered number: 11194384)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,185 131,688
Other debtors 53,232 131,832
76,417 263,520

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 22,402 22,402
Trade creditors 28,253 15,585
Taxation and social security 3,507 4,576
Other creditors 33,082 11,246
87,244 53,809

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 48,504 70,941

9. RELATED PARTY DISCLOSURES

As at 28 February 2024 £3,066 (2023: £9,000) was owing to key management personnel. The loan is interest free, repayable on demand and included in other creditors.

As at 28 February 2024 £50,000 (2023 £110,000) was owing from a company controlled by key management personnel. The loan is interest free, repayable on demand and included in other debtors.

As at 28 February 2024 £27,380 (2023 £nil) was owing to an entity controlled by key management personnel. The loan is interest free, repayable on demand and included in other debtors.

During the period under review, licence fees of £37,231 (2023: £50,860) were charged by an entity connected with key management personnel.