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COMPANY REGISTRATION NUMBER: 08841540
LONDON QUALITY CARE SERVICES LTD
Filleted Unaudited Financial Statements
31 January 2024
LONDON QUALITY CARE SERVICES LTD
Licensed Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of LONDON QUALITY CARE SERVICES LTD
Year ended 31 January 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 January 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
SILVERTREE ACCOUNTING SERVICES LTD Licensed Accountants
24 Palace Road Ruislip Middlesex HA4 0PT
19 November 2024
LONDON QUALITY CARE SERVICES LTD
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
58,907
29,671
Current assets
Debtors
6
557,418
634,343
Cash at bank and in hand
27,626
49,494
---------
---------
585,044
683,837
Creditors: amounts falling due within one year
7
192,543
160,291
---------
---------
Net current assets
392,501
523,546
---------
---------
Total assets less current liabilities
451,408
553,217
---------
---------
Net assets
451,408
553,217
---------
---------
Capital and reserves
Called up share capital
500
500
Profit and loss account
450,908
552,717
---------
---------
Shareholders funds
451,408
553,217
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LONDON QUALITY CARE SERVICES LTD
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 19 November 2024 , and are signed on behalf of the board by:
Mr H. Ahmed
Director
Company registration number: 08841540
LONDON QUALITY CARE SERVICES LTD
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 460-466 Uxbridge House, Uxbridge Road, Hayes, Middlesex, UB4 0SD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Fixtures and fittings
-
25% straight line
Motor Vehicle
-
25% straight line
Equipment
-
25% straight line
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 111 (2023: 100 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 February 2023
2,585
3,669
83,398
27,438
117,090
Additions
400
47,191
6,488
54,079
-------
-------
---------
--------
---------
At 31 January 2024
2,585
4,069
130,589
33,926
171,169
-------
-------
---------
--------
---------
Depreciation
At 1 February 2023
941
2,199
63,669
20,610
87,419
Charge for the year
646
651
18,374
5,172
24,843
-------
-------
---------
--------
---------
At 31 January 2024
1,587
2,850
82,043
25,782
112,262
-------
-------
---------
--------
---------
Carrying amount
At 31 January 2024
998
1,219
48,546
8,144
58,907
-------
-------
---------
--------
---------
At 31 January 2023
1,644
1,470
19,729
6,828
29,671
-------
-------
---------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
229,185
281,673
Other debtors
328,233
352,670
---------
---------
557,418
634,343
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
1,514
Corporation tax
63,549
91,182
Social security and other taxes
23,154
24,053
Other creditors
105,840
43,542
---------
---------
192,543
160,291
---------
---------
8. Directors' advances, credits and guarantees
The end balance on the director's loan account at the year end was £319 in credit.