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Registration number: 05005317

Qualitas Training & Consultancy Limited

Unaudited Filleted Financial Statements

for the Period from 31 March 2024 to 4 October 2024

 

Qualitas Training & Consultancy Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Qualitas Training & Consultancy Limited

Company Information

Directors

Mr G F Fildes

Mrs D J Fildes

Company secretary

Mrs D J Fildes

Registered office

The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

Accountants

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

Qualitas Training & Consultancy Limited

Directors' Report for the Period from 31 March 2024 to 4 October 2024

The directors present their report and the financial statements for the period from 31 March 2024 to 4 October 2024.

Directors of the company

The directors who held office during the period were as follows:

Mr G F Fildes

Mrs D J Fildes - Company secretary and director

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 16 October 2024 and signed on its behalf by:
 

.........................................
Mr G F Fildes
Director

 

Qualitas Training & Consultancy Limited

(Registration number: 05005317)
Balance Sheet as at 4 October 2024

Note

2024
£

2024
£

Fixed assets

 

Tangible assets

4

351,858

382,035

Current assets

 

Debtors

6

10,224

6,541

Cash at bank and in hand

 

36,025

75,561

 

46,249

82,102

Creditors: Amounts falling due within one year

7

(21,197)

(16,506)

Net current assets

 

25,052

65,596

Total assets less current liabilities

 

376,910

447,631

Provisions for liabilities

(2,000)

(2,000)

Net assets

 

374,910

445,631

Capital and reserves

 

Called up share capital

1,000

1,000

Other reserves

(30,694)

-

Retained earnings

404,604

444,631

Shareholders' funds

 

374,910

445,631

For the financial period ending 4 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the Board on 16 October 2024 and signed on its behalf by:
 

.........................................
Mr G F Fildes
Director

   
     
 

Qualitas Training & Consultancy Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2024 to 4 October 2024

1

General information

The company is a private company limited by share capital incorporated in England & Wales registration number: 05005317.

The address of its registered office is:
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP
England

These financial statements were authorised for issue by the Board on 16 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Qualitas Training & Consultancy Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2024 to 4 October 2024 (continued)

2

Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance basis

Office equipment

Straight line over 2 years

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

 

Qualitas Training & Consultancy Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2024 to 4 October 2024 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 31 March 2024

370,042

12,872

382,914

Revaluations

(30,694)

-

(30,694)

Additions

-

1,690

1,690

At 4 October 2024

339,348

14,562

353,910

Depreciation

At 31 March 2024

-

879

879

Charge for the period

-

1,173

1,173

At 4 October 2024

-

2,052

2,052

Carrying amount

At 4 October 2024

339,348

12,510

351,858

At 30 March 2024

370,042

11,993

382,035

Included within the net book value of land and buildings above is £339,348 (2024 - £370,042) in respect of freehold land and buildings.
 

 

Qualitas Training & Consultancy Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2024 to 4 October 2024 (continued)

5

Investment properties

As at the year end the investment property was valued by the director.

 

Qualitas Training & Consultancy Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2024 to 4 October 2024 (continued)

6

Debtors

Current

2024
£

2024
£

Trade debtors

10,224

2,914

Prepayments

-

3,627

 

10,224

6,541

7

Creditors

Creditors: amounts falling due within one year

2024
£

2024
£

Due within one year

Trade creditors

804

11,389

Taxation and social security

19,878

4,696

Accruals and deferred income

-

328

Other creditors

515

93

21,197

16,506