POSTOPQRS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PostOpQRS Limited is a private company limited by shares and registered in England. The address of its registered office is 124 Finchley Road, London, England, NW3 5JS. The principal place of business is First Floor, 165 Victoria Road, London, England, N22 7XH.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
At the reporting date the company had net liabilities of £36,288 and is dependent on loans from the directors.
After reviewing the company's forecasts, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result the directors consider that it is appropriate to prepare the financial statements on the going concern basis. The financial statements do not include adjustments that would result from the withdrawal of this financial support.
Revenue comprises sales which are recognised in the period to which the services are delivered.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short term creditors are measured at the transaction price, less any impairment.
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