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REGISTERED NUMBER: 08457390 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 April 2024

for

BQS Management Services Ltd

BQS Management Services Ltd (Registered number: 08457390)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

BQS Management Services Ltd

Company Information
for the Year Ended 29 April 2024







DIRECTORS: C M Banks
S C Thorne





REGISTERED OFFICE: 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ





REGISTERED NUMBER: 08457390 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

BQS Management Services Ltd (Registered number: 08457390)

Balance Sheet
29 April 2024

29.4.24 29.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,678 87,113

CURRENT ASSETS
Stocks 255,254 82,474
Debtors 5 1,132,998 356,818
Cash at bank 147,708 494,201
1,535,960 933,493
CREDITORS
Amounts falling due within one year 6 725,668 251,873
NET CURRENT ASSETS 810,292 681,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

906,970

768,733

PROVISIONS FOR LIABILITIES 24,170 21,778
NET ASSETS 882,800 746,955

CAPITAL AND RESERVES
Called up share capital 7 102 102
Retained earnings 882,698 746,853
SHAREHOLDERS' FUNDS 882,800 746,955

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

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

BQS Management Services Ltd (Registered number: 08457390)

Balance Sheet - continued
29 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 14 November 2024 and were signed on its behalf by:





C M Banks - Director


BQS Management Services Ltd (Registered number: 08457390)

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

1. STATUTORY INFORMATION

BQS Management Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Significant judgements and estimates
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


BQS Management Services Ltd (Registered number: 08457390)

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

2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 30 April 2023 80,385 9,583 3,663 93,631
Additions 25,877 1,311 4,100 31,288
At 29 April 2024 106,262 10,894 7,763 124,919
DEPRECIATION
At 30 April 2023 2,925 1,902 1,691 6,518
Charge for year 18,457 1,656 1,610 21,723
At 29 April 2024 21,382 3,558 3,301 28,241
NET BOOK VALUE
At 29 April 2024 84,880 7,336 4,462 96,678
At 29 April 2023 77,460 7,681 1,972 87,113

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.24 29.4.23
£    £   
Amounts owed by group undertakings 140,138 132,101
Other debtors 992,860 224,717
1,132,998 356,818

BQS Management Services Ltd (Registered number: 08457390)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.24 29.4.23
£    £   
Trade creditors 496,236 112,028
Taxation and social security 165,324 122,003
Other creditors 64,108 17,842
725,668 251,873

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.4.24 29.4.23
value: £    £   
51 Ordinary A £1 51 51
51 Ordinary 'B' £1 51 51
102 102

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company was owed £318 by S Thorne (2023 £318)

BQS Management Services Ltd

Report of the Accountants to the Directors of
BQS Management Services Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 April 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................