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REGISTERED NUMBER: 04700102 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 July 2024

for

Quality Education Solutions Limited

Quality Education Solutions Limited (Registered number: 04700102)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Quality Education Solutions Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr M Salter
Mr G Salter
Mr R J Taylor





REGISTERED OFFICE: Redwood House
Brotherswood Court
Almondsbury
Bristol
South Glos
BS32 4QW





REGISTERED NUMBER: 04700102 (England and Wales)





ACCOUNTANTS: Dunkley's
Chartered Accountants
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Quality Education Solutions Limited (Registered number: 04700102)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,110 17,787

CURRENT ASSETS
Debtors 5 273,570 328,170
Cash at bank 640,040 867,692
913,610 1,195,862
CREDITORS
Amounts falling due within one year 6 285,456 554,609
NET CURRENT ASSETS 628,154 641,253
TOTAL ASSETS LESS CURRENT LIABILITIES 635,264 659,040

PROVISIONS FOR LIABILITIES 1,778 3,737
NET ASSETS 633,486 655,303

CAPITAL AND RESERVES
Called up share capital 7 556 556
Share premium 8 39,498 39,498
Capital redemption reserve 8 92 92
Retained earnings 8 593,340 615,157
SHAREHOLDERS' FUNDS 633,486 655,303

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 19 February 2025 and were signed on its behalf by:




Mr G Salter - Director


Quality Education Solutions Limited (Registered number: 04700102)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Quality Education Solutions 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

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.

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 27 (2023 - 24 ) .

Quality Education Solutions Limited (Registered number: 04700102)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 40,311 48,255 88,566
Additions - 756 756
Disposals (40,311 ) (21,093 ) (61,404 )
At 31 July 2024 - 27,918 27,918
DEPRECIATION
At 1 August 2023 36,553 34,226 70,779
Charge for year 391 7,253 7,644
Eliminated on disposal (36,944 ) (20,671 ) (57,615 )
At 31 July 2024 - 20,808 20,808
NET BOOK VALUE
At 31 July 2024 - 7,110 7,110
At 31 July 2023 3,758 14,029 17,787

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 261,724 306,850
Other debtors - 523
Directors' current accounts 123 123
Tax 42 -
Prepayments 11,681 20,674
273,570 328,170

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 3,094 26,899
Tax 30,298 185,680
Social security and other taxes 38,371 38,665
VAT 134,985 148,400
Other creditors 12,239 22,755
Directors' current accounts 3,120 2,496
Deferred income 60,669 127,164
Accrued expenses 2,680 2,550
285,456 554,609

Quality Education Solutions Limited (Registered number: 04700102)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
488 Ordinary shares £1 488 488
68 Ordinary B shares £1 68 68
556 556

8. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 August 2023 615,157 39,498 92 654,747
Profit for the year 468,398 468,398
Dividends (490,215 ) (490,215 )
At 31 July 2024 593,340 39,498 92 632,930

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Mr M Salter
Balance outstanding at start of year 123 123
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 123 123

S455 tax has been charged on the Directors loan stated above.