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REGISTERED NUMBER: 04775781 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

G Q S Limited

G Q S Limited (Registered number: 04775781)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G Q S Limited

Company Information
for the year ended 31 May 2024







DIRECTORS: I Qadir
A Sattar



REGISTERED OFFICE: 288 Baldwins Lane
Hall Green
Birmingham
B28 0XB



REGISTERED NUMBER: 04775781 (England and Wales)



BANKERS: HSBC
PO Box 68
130 New Street
Birmingham
B2 4JU

G Q S Limited (Registered number: 04775781)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,301 32,301
Tangible assets 5 737 1,474
Investments 6 466,599 157,099
499,637 190,874

CURRENT ASSETS
Debtors 7 174,586 123,478
Cash at bank and in hand 127,175 334,807
301,761 458,285
CREDITORS
Amounts falling due within one year 8 165,923 211,250
NET CURRENT ASSETS 135,838 247,035
TOTAL ASSETS LESS CURRENT LIABILITIES 635,475 437,909

CREDITORS
Amounts falling due after more than one year 9 32,062 36,289
NET ASSETS 603,413 401,620

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 603,410 401,617
SHAREHOLDERS' FUNDS 603,413 401,620

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

G Q S Limited (Registered number: 04775781)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





I Qadir - Director


G Q S Limited (Registered number: 04775781)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

G Q S Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 32,301
NET BOOK VALUE
At 31 May 2024 32,301
At 31 May 2023 32,301

G Q S Limited (Registered number: 04775781)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 47,906
DEPRECIATION
At 1 June 2023 46,432
Charge for year 737
At 31 May 2024 47,169
NET BOOK VALUE
At 31 May 2024 737
At 31 May 2023 1,474

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023 157,099
Additions 309,500
At 31 May 2024 466,599
NET BOOK VALUE
At 31 May 2024 466,599
At 31 May 2023 157,099

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade Debtors 52,279 52,279
Prepayments 8,632 71,199
Accruals 113,675 -
174,586 123,478

G Q S Limited (Registered number: 04775781)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 45,710
Commercial card 996 486
Corporation tax 101,177 65,376
VAT 38,857 72,816
Accruals 24,893 26,862
165,923 211,250

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan 29,097 38,885
Directors account 2,965 (2,596 )
32,062 36,289