IRIS Accounts Production v24.3.2.46 07288084 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072880842023-06-30072880842024-06-30072880842023-07-012024-06-30072880842022-06-30072880842022-07-012023-06-30072880842023-06-3007288084ns15:EnglandWales2023-07-012024-06-3007288084ns14:PoundSterling2023-07-012024-06-3007288084ns10:Director12023-07-012024-06-3007288084ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3007288084ns10:SmallEntities2023-07-012024-06-3007288084ns10:AuditExemptWithAccountantsReport2023-07-012024-06-3007288084ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3007288084ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3007288084ns10:FullAccounts2023-07-012024-06-3007288084ns10:Director22023-07-012024-06-3007288084ns10:RegisteredOffice2023-07-012024-06-3007288084ns5:CurrentFinancialInstruments2024-06-3007288084ns5:CurrentFinancialInstruments2023-06-3007288084ns5:ShareCapital2024-06-3007288084ns5:ShareCapital2023-06-3007288084ns5:RetainedEarningsAccumulatedLosses2024-06-3007288084ns5:RetainedEarningsAccumulatedLosses2023-06-3007288084ns5:ComputerEquipment2023-07-012024-06-3007288084ns5:ComputerEquipment2023-06-3007288084ns5:ComputerEquipment2024-06-3007288084ns5:ComputerEquipment2023-06-3007288084ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3007288084ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 07288084 (England and Wales)















Quarsh Limited

Unaudited Financial Statements for the Year Ended 30 June 2024






Quarsh Limited (Registered number: 07288084)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4 to 5


Quarsh Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J K Collings
L James





REGISTERED OFFICE: Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD





REGISTERED NUMBER: 07288084 (England and Wales)





ACCOUNTANTS: Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Quarsh Limited

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Quarsh Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet 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 Board of Directors of Quarsh Limited, as a body, in accordance with the terms of our engagement letter dated 4 April 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Quarsh Limited and state those matters that we have agreed to state to the Board of Directors of Quarsh Limited, as a body, 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 Quarsh Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Quarsh Limited 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 Quarsh Limited. You consider that Quarsh Limited 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 Quarsh Limited. 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.






Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD


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

Quarsh Limited (Registered number: 07288084)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,469 3,714

CURRENT ASSETS
Debtors 5 6,476 28,143
Cash at bank 180,175 226,341
186,651 254,484
CREDITORS
Amounts falling due within one year 6 137,451 258,101
NET CURRENT ASSETS/(LIABILITIES) 49,200 (3,617 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,669

97

CAPITAL AND RESERVES
Called up share capital 15 15
Retained earnings 50,654 82
SHAREHOLDERS' FUNDS 50,669 97

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 14 March 2025 and were signed on its behalf by:



J K Collings - Director


Quarsh Limited (Registered number: 07288084)

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

1. STATUTORY INFORMATION

Quarsh 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 15 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023 30,564
Additions 217
At 30 June 2024 30,781
DEPRECIATION
At 1 July 2023 26,850
Charge for year 2,462
At 30 June 2024 29,312
NET BOOK VALUE
At 30 June 2024 1,469
At 30 June 2023 3,714

Quarsh Limited (Registered number: 07288084)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 276 2,438
Directors' current accounts - 19,505
Prepayments and accrued income 6,200 6,200
6,476 28,143

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 91,146 42,468
Social security and other taxes (3,630 ) 14,506
VAT 43,955 80,322
Other creditors 1,667 2,030
Directors' current accounts 3 -
Accruals and deferred income 4,310 118,775
137,451 258,101

7. RELATED PARTY DISCLOSURES

Included in other creditors is an amount due to the directors. At the year end, the amount owed was £3 (2023: £0). This loan is unsecured, interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The controlling party and the ultimate controlling party are not known.