IRIS Accounts Production v24.3.2.46 03883345 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038833452023-04-30038833452024-04-30038833452023-05-012024-04-30038833452022-04-30038833452022-05-012023-04-30038833452023-04-3003883345ns15:EnglandWales2023-05-012024-04-3003883345ns14:PoundSterling2023-05-012024-04-3003883345ns10:Director12023-05-012024-04-3003883345ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003883345ns10:SmallEntities2023-05-012024-04-3003883345ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003883345ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003883345ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003883345ns10:FullAccounts2023-05-012024-04-300388334512023-05-012024-04-3003883345ns10:Director22023-05-012024-04-3003883345ns10:Director32023-05-012024-04-3003883345ns10:Director42023-05-012024-04-3003883345ns10:RegisteredOffice2023-05-012024-04-3003883345ns5:CurrentFinancialInstruments2024-04-3003883345ns5:CurrentFinancialInstruments2023-04-3003883345ns5:ShareCapital2024-04-3003883345ns5:ShareCapital2023-04-3003883345ns5:RetainedEarningsAccumulatedLosses2024-04-3003883345ns5:RetainedEarningsAccumulatedLosses2023-04-3003883345ns5:PatentsTrademarksLicencesConcessionsSimilar2023-04-3003883345ns5:PatentsTrademarksLicencesConcessionsSimilar2023-05-012024-04-3003883345ns5:PatentsTrademarksLicencesConcessionsSimilar2024-04-3003883345ns5:PatentsTrademarksLicencesConcessionsSimilar2023-04-3003883345ns5:LandBuildings2023-04-3003883345ns5:FurnitureFittings2023-04-3003883345ns5:ComputerEquipment2023-04-3003883345ns5:LandBuildings2023-05-012024-04-3003883345ns5:FurnitureFittings2023-05-012024-04-3003883345ns5:ComputerEquipment2023-05-012024-04-3003883345ns5:LandBuildings2024-04-3003883345ns5:FurnitureFittings2024-04-3003883345ns5:ComputerEquipment2024-04-3003883345ns5:LandBuildings2023-04-3003883345ns5:FurnitureFittings2023-04-3003883345ns5:ComputerEquipment2023-04-3003883345ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3003883345ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 03883345 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Q-Style Limited

Q-Style Limited (Registered number: 03883345)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Q-Style Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A M Gardner
A D Gardner
T C Parkinson
B DeSantis





REGISTERED OFFICE: 34 High Park Road
Richmond
Surrey
TW9 4BH





REGISTERED NUMBER: 03883345 (England and Wales)





ACCOUNTANTS: SKS Business Services Limited
3 Sheen Road
Richmond upon Thames
Richmond
Surrey
TW9 1AD

Q-Style Limited (Registered number: 03883345)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 3 - 412
Tangible assets 4 42,788 66,856
42,788 67,268

CURRENT ASSETS
Stocks 5,663 193,210
Debtors 5 1,741,164 2,836,872
Cash at bank and in hand 1,395,401 587,252
3,142,228 3,617,334
CREDITORS
Amounts falling due within one year 6 (1,149,981 ) (1,349,446 )
NET CURRENT ASSETS 1,992,247 2,267,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,035,035

2,335,156

PROVISIONS FOR LIABILITIES (9,601 ) -
NET ASSETS 2,025,434 2,335,156

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,025,432 2,335,154
2,025,434 2,335,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Q-Style Limited (Registered number: 03883345)

Balance Sheet - continued
30 April 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





T C Parkinson - Director


Q-Style Limited (Registered number: 03883345)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. ACCOUNTING POLICIES

BASIS OF PREPARATION
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Intangible fixed assets
Intangible fixed assets are measured at cost less amortisation and any impairment losses.

Tangible fixed assets
Tangible fixed assets are measured at cost less depreciation and any impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Property improvements over 5 years
Fittings & fixtures over 4 years
Office equipment over 4 years

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised

Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price.

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.


Q-Style Limited (Registered number: 03883345)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 30 ) .

3. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 May 2023
and 30 April 2024 4,845
AMORTISATION
At 1 May 2023 4,433
Amortisation for year 412
At 30 April 2024 4,845
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 412

4. TANGIBLE FIXED ASSETS
Fixtures
Land and and Office
buildings fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 213,614 216,395 244,020 674,029
Additions - 792 4,983 5,775
At 30 April 2024 213,614 217,187 249,003 679,804
DEPRECIATION
At 1 May 2023 197,902 197,316 211,955 607,173
Charge for year 4,691 7,940 17,212 29,843
At 30 April 2024 202,593 205,256 229,167 637,016
NET BOOK VALUE
At 30 April 2024 11,021 11,931 19,836 42,788
At 30 April 2023 15,712 19,079 32,065 66,856

Q-Style Limited (Registered number: 03883345)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,552,196 2,723,956
Other debtors 188,968 112,916
1,741,164 2,836,872

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 883,142 722,184
Taxation and social security 5,538 245,278
Other creditors 261,301 381,984
1,149,981 1,349,446

7. RELATED PARTY DISCLOSURES

During the year an entity controlled by a director charged the company professional fees of
£33,628 (2022: £35,136). Amounts due to the entity at the year end is £3,360 (2022: £3,240).

Amounts due to directors at the year end total £277,786 (2022: £237,123).

8. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by A D Gardner and A M Gardner.