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Company Registration No. 12761153 (England and Wales)
QGEMIX LTD Unaudited accounts for the year ended 31 July 2024
QGEMIX LTD Unaudited accounts Contents
Page
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QGEMIX LTD Company Information for the year ended 31 July 2024
Directors
Mr D.J.L. John Ms G. Barrett
Secretary
Mr D.J.L. John
Company Number
12761153 (England and Wales)
Registered Office
Office 9, Dalton House, 60 Windsor Avenue, London SW19 2RR United Kingdom
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
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QGEMIX LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,054 
5,035 
Current assets
Inventories
35,360 
21,670 
Debtors
3,132 
6,622 
Cash at bank and in hand
5,407 
9,536 
43,899 
37,828 
Creditors: amounts falling due within one year
(15,806)
(14,997)
Net current assets
28,093 
22,831 
Total assets less current liabilities
32,147 
27,866 
Provisions for liabilities
Deferred tax
(770)
(957)
Net assets
31,377 
26,909 
Capital and reserves
Called up share capital
100 
11 
Profit and loss account
31,277 
26,898 
Shareholders' funds
31,377 
26,909 
For the year ending 31 July 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by
Mr D.J.L. John Director Company Registration No. 12761153
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QGEMIX LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
QGEMIX LTD is a private company, limited by shares, registered in England and Wales, registration number 12761153. The registered office is Office 9, Dalton House,, 60 Windsor Avenue,, London, SW19 2RR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% on a straight line basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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QGEMIX LTD Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
7,429 
Additions
583 
At 31 July 2024
8,012 
Depreciation
At 1 August 2023
2,394 
Charge for the year
1,564 
At 31 July 2024
3,958 
Net book value
At 31 July 2024
4,054 
At 31 July 2023
5,035 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,456 
5,786 
Accrued income and prepayments
676 
836 
3,132 
6,622 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,512 
3,283 
Taxes and social security
8,807 
10,590 
Loans from directors
1,554 
249 
Accruals
933 
875 
15,806 
14,997 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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