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REGISTERED NUMBER: 12766298 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

GQ Storage Ltd

GQ Storage Ltd (Registered number: 12766298)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


GQ Storage Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: T S Fathers





REGISTERED OFFICE: 147a High Street
Waltham Cross
EN8 7AP





REGISTERED NUMBER: 12766298 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
GQ Storage Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GQ Storage Ltd for the year ended 31 July 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of GQ Storage Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GQ Storage Ltd and state those matters that we have agreed to state to the director of GQ Storage Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GQ Storage Ltd and its director for our work or for this report.

It is your duty to ensure that GQ Storage Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GQ Storage Ltd. You consider that GQ Storage Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GQ Storage Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP


Date: .............................................

GQ Storage Ltd (Registered number: 12766298)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 303,071 157,399

CURRENT ASSETS
Debtors 5 155,100 45,864
Cash at bank 236,053 149,151
391,153 195,015
CREDITORS
Amounts falling due within one year 6 359,135 93,890
NET CURRENT ASSETS 32,018 101,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,089

258,524

CREDITORS
Amounts falling due after more than
one year

7

11,851

21,332
NET ASSETS 323,238 237,192

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 323,138 237,092
SHAREHOLDERS' FUNDS 323,238 237,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GQ Storage Ltd (Registered number: 12766298)

Statement of Financial Position - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 December 2024 and were signed by:





T S Fathers - Director


GQ Storage Ltd (Registered number: 12766298)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

GQ Storage Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 2 ) .

GQ Storage Ltd (Registered number: 12766298)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2023 - 181,937 11,321
Additions 144,886 21,636 2,107
Disposals - - -
At 31 July 2024 144,886 203,573 13,428
DEPRECIATION
At 1 August 2023 - 47,340 3,906
Charge for year - 13,826 2,206
At 31 July 2024 - 61,166 6,112
NET BOOK VALUE
At 31 July 2024 144,886 142,407 7,316
At 31 July 2023 - 134,597 7,415

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 14,750 3,185 211,193
Additions - 4,433 173,062
Disposals (9,250 ) - (9,250 )
At 31 July 2024 5,500 7,618 375,005
DEPRECIATION
At 1 August 2023 2,083 465 53,794
Charge for year 710 1,398 18,140
At 31 July 2024 2,793 1,863 71,934
NET BOOK VALUE
At 31 July 2024 2,707 5,755 303,071
At 31 July 2023 12,667 2,720 157,399

GQ Storage Ltd (Registered number: 12766298)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,189 23,430
Amounts owed by group undertakings 772 -
Other debtors 101,139 22,434
155,100 45,864

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,631 -
Hire purchase contracts 9,481 9,481
Trade creditors 282,536 13,178
Taxation and social security 8,032 41,580
Other creditors 49,455 29,651
359,135 93,890

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,851 21,332

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100