Company Registration No. 10644065 (England and Wales)
Qbs Construction Ltd
Unaudited accounts
for the year ended 29 February 2024
Qbs Construction Ltd
Unaudited accounts
Contents
Qbs Construction Ltd
Company Information
for the year ended 29 February 2024
Company Number
10644065 (England and Wales)
Registered Office
6 Kirton Close
Hornchurch
Essex
RM12 6TU
England
Accountants
UJS London Ltd
127A High Street
Hornchurch
RM11 1TX
Qbs Construction Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
4,301
8,331
Cash at bank and in hand
1,215
69,092
Creditors: amounts falling due within one year
(55,145)
(28,572)
Net current assets
146,824
191,060
Net assets
151,125
199,391
Called up share capital
1
1
Profit and loss account
151,124
199,390
Shareholders' funds
151,125
199,391
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 29 November 2024 and were signed on its behalf by
Ion Braghis
Director
Company Registration No. 10644065
Qbs Construction Ltd
Notes to the Accounts
for the year ended 29 February 2024
Qbs Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 10644065. The registered office is 6 Kirton Close, Hornchurch, Essex, RM12 6TU, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Qbs Construction Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
1,674
6,995
833
4,049
13,551
Additions
173
-
-
1,248
1,421
Disposals
-
(6,995)
-
-
(6,995)
At 29 February 2024
1,847
-
833
5,297
7,977
At 1 March 2023
531
2,518
491
1,680
5,220
Charge for the year
263
-
68
643
974
On disposals
-
(2,518)
-
-
(2,518)
At 29 February 2024
794
-
559
2,323
3,676
At 29 February 2024
1,053
-
274
2,974
4,301
At 28 February 2023
1,143
4,477
342
2,369
8,331
Amounts falling due after more than one year
Other debtors
200,754
150,540
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
26,293
8,704
Taxes and social security
18,153
19,269
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).