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Company registration number: 09433576
R Q INTEGRATED SERVICES LTD
UNAUDITED FILLETED FINANCIAL STATEMENTS
29 February 2024
R Q INTEGRATED SERVICES LTD
CONTENTS
Directors and other information
Statement of financial position
Notes to the financial statements
R Q INTEGRATED SERVICES LTD
DIRECTORS AND OTHER INFORMATION
Director Mr R N Quinney
Company number 09433576
Registered office Post Shed, Western Lawns Farm
Bedworth Road
Bulkington
Warwickshire
CV12 9JA
R Q INTEGRATED SERVICES LTD
STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 5 15,066 9,636
Cash at bank and in hand 38 4,267
_______ _______
15,104 13,903
Creditors: amounts falling due
within one year 6 ( 11,685) ( 8,655)
_______ _______
Net current assets 3,419 5,248
_______ _______
Total assets less current liabilities 3,419 5,248
Creditors: amounts falling due
after more than one year 7 ( 3,149) ( 4,961)
_______ _______
Net assets 270 287
_______ _______
Capital and reserves
Called up share capital 8 50 50
Profit and loss account 220 237
_______ _______
Shareholders funds 270 287
_______ _______
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the board of directors and authorised for issue on 25 November 2024 , and are signed on behalf of the board by:
Mr R N Quinney
Director
Company registration number: 09433576
R Q INTEGRATED SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 FEBRUARY 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 Post Shed, Western Lawns Farm, Bedworth Road, Bulkington, Warwickshire, CV12 9JA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024 2023
£ £
Trade debtors 2,989 1,653
Other debtors 12,077 7,983
_______ _______
15,066 9,636
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 2,115 1,664
Trade creditors 1,353 1,351
Corporation tax 8,217 3,793
Other creditors - 1,847
_______ _______
11,685 8,655
_______ _______
7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 3,149 4,961
_______ _______
8. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares shares of £ 1.00 each 50 50 50 50
_______ _______ _______ _______
9. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr R N Quinney ( 1,847) 13,654 ( 5,384) 6,423
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr R N Quinney 4,364 7,282 ( 13,493) ( 1,847)
_______ _______ _______ _______