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REGISTERED NUMBER: 03964809 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

Q MOTORS WORKSHOP LIMITED

Q MOTORS WORKSHOP LIMITED (REGISTERED NUMBER: 03964809)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Q MOTORS WORKSHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: S Guyett





REGISTERED OFFICE: Hare Hill
Addlestone
Surrey
KT15 1DT





REGISTERED NUMBER: 03964809 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN

Q MOTORS WORKSHOP LIMITED (REGISTERED NUMBER: 03964809)

ABRIDGED BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,023 8,092

CURRENT ASSETS
Stocks 4,125 3,300
Debtors 120,653 113,164
Cash at bank and in hand 7,290 3,418
132,068 119,882
CREDITORS
Amounts falling due within one year 122,689 105,004
NET CURRENT ASSETS 9,379 14,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,402

22,970

CREDITORS
Amounts falling due after more than one
year

5

18,511

21,985
NET ASSETS 891 985

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 791 885
SHAREHOLDERS' FUNDS 891 985

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 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.

Q MOTORS WORKSHOP LIMITED (REGISTERED NUMBER: 03964809)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:





S Guyett - Director


Q MOTORS WORKSHOP LIMITED (REGISTERED NUMBER: 03964809)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Q Motors Workshop 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Q MOTORS WORKSHOP LIMITED (REGISTERED NUMBER: 03964809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 28,880
Additions 3,699
At 30 June 2024 32,579
DEPRECIATION
At 1 July 2023 20,788
Charge for year 1,768
At 30 June 2024 22,556
NET BOOK VALUE
At 30 June 2024 10,023
At 30 June 2023 8,092

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.6.24 30.6.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 6,511 9,985

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
S Guyett
Balance outstanding at start of year 83,566 63,961
Amounts advanced 5,752 19,605
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 89,318 83,566

Interest has been charged on the loan at a rate of 2.25% per annum and added to the outstanding balance.