QPS SOLUTIONS LIMITED

Company Registration Number:
07083433 (England and Wales)

Unaudited statutory accounts for the year ended 30 December 2023

Period of accounts

Start date: 01 January 2023

End date: 30 December 2023

QPS SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 30 December 2023

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

QPS SOLUTIONS LIMITED

Company Information

for the Period Ended 30 December 2023




Registered office: Unit 26a
Wharncliffe Industrial Estate
Station Road, Deepcar
Sheffield
South Yorkshire
S36 2UZ
Company Registration Number: 07083433 (England and Wales)

QPS SOLUTIONS LIMITED

Profit and Loss Account

for the Period Ended 30 December 2023


Notes

2023
£

2022
£
Turnover 267,111 293,127
Cost of sales ( 202,517 ) ( 211,013 )
Gross Profit or (Loss) 64,594 82,114
Distribution Costs ( 15,975 ) ( 15,330 )
Administrative Expenses ( 14,405 ) ( 13,253 )
Operating Profit or (Loss) 34,214 53,531
Interest Receivable and Similar Income - 404
Interest Payable and Similar Charges ( 707 ) ( 793 )
Profit or (Loss) Before Tax 33,507 53,142
Tax on Profit ( 6,366 ) ( 10,020 )
Profit or (Loss) for Period 27,141 43,122

The notes form part of these financial statements

QPS SOLUTIONS LIMITED

Balance sheet

As at 30 December 2023


Notes

2023
£

2022
£
Fixed assets
Total fixed assets: - -
Current assets
Debtors: 4 58,682 78,635
Cash at bank and in hand: 2,670 21,323
Total current assets: 61,352 99,958
Creditors: amounts falling due within one year: 5 ( 50,376 ) ( 83,693 )
Net current assets (liabilities): 10,976 16,265
Total assets less current liabilities: 10,976 16,265
Creditors: amounts falling due after more than one year: 6 ( 10,741 ) ( 16,171 )
Total net assets (liabilities): 235 94

The notes form part of these financial statements

QPS SOLUTIONS LIMITED

Balance sheet continued

As at 30 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 233 92
Shareholders funds: 235 94

For the year ending 30 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 October 2024
And Signed On Behalf Of The Board By:

Name: Julie Quinn
Status: Director

The notes form part of these financial statements

QPS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and any other sales taxes.

QPS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

QPS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

  • 3. Off balance sheet disclosure

    No

QPS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

4. Debtors


2023
£

2022
£
Trade debtors 38,368 46,967
Other debtors 20,314 31,668
Total 58,682 78,635

Included in 'Other debtors' is a directors loan of £5,152 (2022: £20,588). The loan is unsecured, repayable on demand and interest is charged at 0% (2022: 2%).

QPS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 8,000 10,000
Trade creditors 23,405 41,233
Taxation and social security 18,171 31,660
Accruals and deferred income 800 800
Total 50,376 83,693

The bank loan is unsecured and repayable in instalments with added interest.

QPS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

6.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 10,741 16,171
Total 10,741 16,171

The bank loan is unsecured and repayable in instalments with added interest.