Q.I. Training Limited 02218783 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is that of the supply of nutritional snacks. Digita Accounts Production Advanced 6.30.9574.0 true 02218783 2023-02-01 2024-01-31 02218783 2024-01-31 02218783 core:CurrentFinancialInstruments 2024-01-31 02218783 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 02218783 core:FurnitureFittings 2024-01-31 02218783 core:MotorVehicles 2024-01-31 02218783 core:OfficeEquipment 2024-01-31 02218783 bus:SmallEntities 2023-02-01 2024-01-31 02218783 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 02218783 bus:FullAccounts 2023-02-01 2024-01-31 02218783 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 02218783 bus:RegisteredOffice 2023-02-01 2024-01-31 02218783 bus:Director1 2023-02-01 2024-01-31 02218783 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 02218783 core:FurnitureFittings 2023-02-01 2024-01-31 02218783 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 02218783 core:MotorVehicles 2023-02-01 2024-01-31 02218783 core:OfficeEquipment 2023-02-01 2024-01-31 02218783 countries:EnglandWales 2023-02-01 2024-01-31 02218783 2023-01-31 02218783 core:FurnitureFittings 2023-01-31 02218783 core:MotorVehicles 2023-01-31 02218783 core:OfficeEquipment 2023-01-31 02218783 2022-02-01 2023-01-31 02218783 2023-01-31 02218783 core:CurrentFinancialInstruments 2023-01-31 02218783 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 02218783 core:FurnitureFittings 2023-01-31 02218783 core:MotorVehicles 2023-01-31 02218783 core:OfficeEquipment 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 02218783

Q.I. Training Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Q.I. Training Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Q.I. Training Limited

(Registration number: 02218783)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,453

6,414

Current assets

 

Stocks

5

2,055

2,329

Debtors

6

49,966

42,176

Cash at bank and in hand

 

16,366

13,270

 

68,387

57,775

Creditors: Amounts falling due within one year

7

(34,086)

(38,962)

Net current assets

 

34,301

18,813

Net assets

 

39,754

25,227

Capital and reserves

 

Called up share capital

250

250

Retained earnings

39,504

24,977

Shareholders' funds

 

39,754

25,227

 

Q.I. Training Limited

(Registration number: 02218783)
Balance Sheet as at 31 January 2024

For the financial year ending 31 January 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 year 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2024 and signed on its behalf by:
 

.........................................
Mr J Stubbs
Director

 

Q.I. Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Lydiard Green
Lydiard Millicent
Swindon
Wiltshire
SN5 3LP
England

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.

Revenue recognition

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

Government grants

Government grants are accounted for as revenue based grants under the accrual model in the period in which they are receivable.

Tax

The tax expense for the period comprises current tax payable.

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.

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.

 

Q.I. Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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

20% Reducing balance

Motor Vehicles

25% Reducing balance

Office Equipment

20% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 year, was 2 (2023 - 2).

 

Q.I. Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

15,215

225

12,750

28,190

Additions

398

242

-

640

At 31 January 2024

15,613

467

12,750

28,830

Depreciation

At 1 February 2023

13,689

155

7,932

21,776

Charge for the year

338

58

1,205

1,601

At 31 January 2024

14,027

213

9,137

23,377

Carrying amount

At 31 January 2024

1,586

254

3,613

5,453

At 31 January 2023

1,526

70

4,818

6,414

5

Stocks

2024
£

2023
£

Other inventories

2,055

2,329

6

Debtors

Current

2024
£

2023
£

Trade debtors

23,146

15,758

Prepayments

499

678

Other debtors

26,321

25,740

 

49,966

42,176

 

Q.I. Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

6,347

5,206

Taxation and social security

5,869

4,654

Other creditors

21,870

29,102

34,086

38,962