Company registration number 12358572 (England and Wales)
Q&S LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
Q&S LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
2,622,934
2,629,527
Current assets
278,354
30,149
Creditors: amounts falling due within one year
(918,013)
(915,105)
Net current liabilities
(639,659)
(884,956)
Total assets less current liabilities
1,983,275
1,744,571
Creditors: amounts falling due after more than one year
(348,497)
(503,216)
Net assets
1,634,778
1,241,355
Capital and reserves
1,634,778
1,241,355
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
3
3
2
Contingent liability
In 2020, the Company purchased an interest in 100% of the share capital of its subsidiary undertaking, REAL Education Limited. The sale and purchase agreement contained a clause by which any relevant sale of the shares or assets in Real Education, would create a liability for the Company to pay an additional consideration, effective until 8 April 2025. However, the terms and conditions of the agreement, would render it too complex to measure any further consideration that may be due with sufficient certainty, until the completion of any such sale of the shares or assets. Therefore, no quantification of any potential liability has been reported in these financial statements.
Q&S Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1, Kings Mill Way, Mansfield, Nottinghamshire, NG18 5ER.
For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
Q&S LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2024
31 August 2024
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 26 March 2025 and are signed on its behalf by:
S M Quinn
Director
Company registration number 12358572 (England and Wales)
Q&S LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 September 2022
3
960,426
32,015
992,444
Year ended 31 August 2023:
Profit and total comprehensive income
-
-
765,686
765,686
Dividends
-
-
(516,775)
(516,775)
Balance at 31 August 2023
3
960,426
280,926
1,241,355
Year ended 31 August 2024:
Profit and total comprehensive income
-
-
893,501
893,501
Dividends
-
-
(500,078)
(500,078)
Balance at 31 August 2024
3
960,426
674,349
1,634,778
Q&S LIMITED
STATEMENT OF CHANGES IN EQUITY (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
1
Tangible fixed assets
Freehold land and buildings
£
Cost
At 1 September 2023 and 31 August 2024
329,647
Depreciation and impairment
At 1 September 2023
549
Depreciation charged in the year
6,593
At 31 August 2024
7,142
Carrying amount
At 31 August 2024
322,505
At 31 August 2023
329,098
2
Fixed asset investments
2024
2023
Notes
£
£
Investments in subsidiaries
2,300,429
2,300,429
3
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Bank loans
155,235
155,751
Amounts owed to group undertakings
762,778
758,059
Other creditors
-
1,295
918,013
915,105
4
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
348,497
503,216