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REGISTERED NUMBER: 13324307 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Quest Group Companies Ltd

Quest Group Companies Ltd (Registered number: 13324307)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quest Group Companies Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J Theakston
A Jackson





REGISTERED OFFICE: 4-8 Maxted Park
Maxted Road
Hemel Hempstead
Hertfordshire
HP2 7EP





REGISTERED NUMBER: 13324307 (England and Wales)





ACCOUNTANTS: Pace Accountants
Noble House
Eaton Road
Hemel Hempstead
Hertfordshire
HP2 7UB

Quest Group Companies Ltd (Registered number: 13324307)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 390,985 145,700
Investments 5 200 200
391,185 145,900

CURRENT ASSETS
Debtors 6 43,172 56,530
Cash at bank 404,794 349,301
447,966 405,831
CREDITORS
Amounts falling due within one year 7 307,178 9,431
NET CURRENT ASSETS 140,788 396,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

531,973

542,300

CREDITORS
Amounts falling due after more than one
year

8

(152,539

)

(15,702

)

PROVISIONS FOR LIABILITIES (4,092 ) (7 )
NET ASSETS 375,342 526,591

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 375,242 526,491
375,342 526,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Quest Group Companies Ltd (Registered number: 13324307)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





J Theakston - Director


Quest Group Companies Ltd (Registered number: 13324307)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Quest Group Companies Ltd 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.

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

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 - 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Quest Group Companies Ltd (Registered number: 13324307)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 166,087
Additions 270,924
At 30 April 2024 437,011
DEPRECIATION
At 1 May 2023 20,387
Charge for year 25,639
At 30 April 2024 46,026
NET BOOK VALUE
At 30 April 2024 390,985
At 30 April 2023 145,700

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 May 2023 29,750
Additions 248,735
At 30 April 2024 278,485
DEPRECIATION
At 1 May 2023 2,975
Charge for year 11,266
At 30 April 2024 14,241
NET BOOK VALUE
At 30 April 2024 264,244
At 30 April 2023 26,775

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 200
NET BOOK VALUE
At 30 April 2024 200
At 30 April 2023 200

Quest Group Companies Ltd (Registered number: 13324307)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 2,272 1,680
Other debtors - 5,950
2,272 7,630

Amounts falling due after more than one year:
Amounts owed by group undertakings 40,900 48,900

Aggregate amounts 43,172 56,530

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 90,698 9,421
Trade creditors - (1 )
Amounts owed to group undertakings 186,711 11
Taxation and social security 4,769 -
Other creditors 25,000 -
307,178 9,431

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 152,539 15,702