Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr J R Christie 18/01/2019 Mr F Hussain 01/12/2020 Mr A R Pickup 05/06/2006 Mr P A Riding 01/12/2009 29 August 2024 The principal activity of the company is that of administering ombudsman schemes for the benefit of the public purchasing from members who operate in the Double Glazing and Conservatory Industry, the Home Insulation and Energy Industry and the Home Improvements Industry. 05836324 2023-12-31 05836324 bus:Director1 2023-12-31 05836324 bus:Director2 2023-12-31 05836324 bus:Director3 2023-12-31 05836324 bus:Director4 2023-12-31 05836324 2022-12-31 05836324 core:CurrentFinancialInstruments 2023-12-31 05836324 core:CurrentFinancialInstruments 2022-12-31 05836324 core:Non-currentFinancialInstruments 2023-12-31 05836324 core:Non-currentFinancialInstruments 2022-12-31 05836324 core:ShareCapital 2023-12-31 05836324 core:ShareCapital 2022-12-31 05836324 core:RetainedEarningsAccumulatedLosses 2023-12-31 05836324 core:RetainedEarningsAccumulatedLosses 2022-12-31 05836324 core:OtherResidualIntangibleAssets 2022-12-31 05836324 core:OtherResidualIntangibleAssets 2023-12-31 05836324 core:OfficeEquipment 2022-12-31 05836324 core:OfficeEquipment 2023-12-31 05836324 bus:OrdinaryShareClass1 2023-12-31 05836324 bus:OrdinaryShareClass2 2023-12-31 05836324 2023-01-01 2023-12-31 05836324 bus:FilletedAccounts 2023-01-01 2023-12-31 05836324 bus:SmallEntities 2023-01-01 2023-12-31 05836324 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05836324 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05836324 bus:Director1 2023-01-01 2023-12-31 05836324 bus:Director2 2023-01-01 2023-12-31 05836324 bus:Director3 2023-01-01 2023-12-31 05836324 bus:Director4 2023-01-01 2023-12-31 05836324 2021-12-01 2022-12-31 05836324 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-01-01 2023-12-31 05836324 core:OfficeEquipment core:TopRangeValue 2023-01-01 2023-12-31 05836324 core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 05836324 core:OfficeEquipment 2023-01-01 2023-12-31 05836324 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 05836324 bus:OrdinaryShareClass1 2021-12-01 2022-12-31 05836324 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 05836324 bus:OrdinaryShareClass2 2021-12-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05836324 (England and Wales)

QA SCHEME SUPPORT SERVICES LTD

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

QA SCHEME SUPPORT SERVICES LTD

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

QA SCHEME SUPPORT SERVICES LTD

COMPANY INFORMATION

For the financial year ended 31 December 2023
QA SCHEME SUPPORT SERVICES LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Mr J R Christie
Mr F Hussain
Mr A R Pickup
Mr P A Riding
REGISTERED OFFICE Centurion House Leyland Business Park
Centurion Way
Farington
Leyland
PR25 3GR
United Kingdom
COMPANY NUMBER 05836324 (England and Wales)
QA SCHEME SUPPORT SERVICES LTD

PROFIT AND LOSS ACCOUNT

For the financial year ended 31 December 2023
QA SCHEME SUPPORT SERVICES LTD

PROFIT AND LOSS ACCOUNT (continued)

For the financial year ended 31 December 2023
Year ended
31.12.2023
Period from
01.12.2021 to
31.12.2022
£ £
Turnover 8,036,878 8,068,222
Cost of sales ( 2,490,965) ( 2,375,037)
Gross profit 5,545,913 5,693,185
Administrative expenses ( 4,211,797) ( 3,568,887)
Operating profit 1,334,116 2,124,298
Interest receivable and similar income 7,372 462
Interest payable and similar expenses 0 ( 1,482)
Profit before taxation 1,341,488 2,123,278
Tax on profit ( 319,021) ( 248,299)
Profit for the financial year/period 1,022,467 1,874,979
QA SCHEME SUPPORT SERVICES LTD

BALANCE SHEET

As at 31 December 2023
QA SCHEME SUPPORT SERVICES LTD

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023 31.12.2022
£ £
Fixed assets
Intangible assets 3 56,915 36,470
Tangible assets 4 40,609 34,176
Investments 5 80 80
97,604 70,726
Current assets
Debtors 6 1,202,759 1,194,655
Cash at bank and in hand 595,949 1,314,028
1,798,708 2,508,683
Creditors: amounts falling due within one year 7 ( 1,747,898) ( 2,113,929)
Net current assets 50,810 394,754
Total assets less current liabilities 148,414 465,480
Creditors: amounts falling due after more than one year 8 0 ( 399,788)
Provision for liabilities 9 ( 10,275) 0
Net assets 138,139 65,692
Capital and reserves
Called-up share capital 10 45,217 45,217
Profit and loss account 92,922 20,475
Total shareholders' funds 138,139 65,692

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of QA Scheme Support Services Ltd (registered number: 05836324) were approved and authorised for issue by the Board of Directors on 29 August 2024. They were signed on its behalf by:

Mr F Hussain
Director
QA SCHEME SUPPORT SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
QA SCHEME SUPPORT SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

QA Scheme Support Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centurion House Leyland Business Park, Centurion Way, Farington, Leyland, PR25 3GR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 6 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Year ended
31.12.2023
Period from
01.12.2021 to
31.12.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 35 35

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 January 2023 188,114 188,114
Additions 33,773 33,773
At 31 December 2023 221,887 221,887
Accumulated amortisation
At 01 January 2023 151,644 151,644
Charge for the financial year 13,328 13,328
At 31 December 2023 164,972 164,972
Net book value
At 31 December 2023 56,915 56,915
At 31 December 2022 36,470 36,470

4. Tangible assets

Office equipment Total
£ £
Cost
At 01 January 2023 99,960 99,960
Additions 21,575 21,575
Disposals ( 41,166) ( 41,166)
At 31 December 2023 80,369 80,369
Accumulated depreciation
At 01 January 2023 65,784 65,784
Charge for the financial year 15,142 15,142
Disposals ( 41,166) ( 41,166)
At 31 December 2023 39,760 39,760
Net book value
At 31 December 2023 40,609 40,609
At 31 December 2022 34,176 34,176

5. Fixed asset investments

31.12.2023 31.12.2022
£ £
Participating interests 80 80

6. Debtors

31.12.2023 31.12.2022
£ £
Trade debtors 395,810 732,514
Other debtors 806,949 462,141
1,202,759 1,194,655

7. Creditors: amounts falling due within one year

31.12.2023 31.12.2022
£ £
Trade creditors 266,303 88,150
Taxation and social security 563,585 868,847
Other creditors 918,010 1,156,932
1,747,898 2,113,929

8. Creditors: amounts falling due after more than one year

31.12.2023 31.12.2022
£ £
Other loans 0 399,788

9. Provision for liabilities

31.12.2023 31.12.2022
£ £
Deferred tax 10,275 0

10. Called-up share capital

31.12.2023 31.12.2022
£ £
Allotted, called-up and fully-paid
21,500 Ordinary A shares of £ 1.00 each 21,500 21,500
23,717 Ordinary B shares of £ 1.00 each 23,717 23,717
45,217 45,217

11. Ultimate controlling party

Parent Company:

Jarion Limited
Northern Assurance Building, Albert Square, 9-21 Princess Street, Manchester.