Registration number: 04739842

QDM (Building Services) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

QDM (Building Services) Limited

Company Information

Directors

Mr JP Evenden Mr PR Evenden

Company secretary

Mrs SJ Evenden

Registered office

Unit 22 Space Business Centre Knight Road Rochester Kent ME2 2BF

QDM (Building Services) Limited

(Registration number: 04739842)
Balance Sheet as at 30 April 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	2,500	25,041
Current assets
Stocks	6	3,620	42,278
Debtors	7	25,180	115,675
Cash at bank and in hand		36,134	2,378
		64,934	160,331
Creditors: Amounts falling due within one year	8	(125,296)	(146,375)
Net current (liabilities)/assets		(60,362)	13,956
Total assets less current liabilities		(57,862)	38,997
Creditors: Amounts falling due after more than one year	8	(13,717)	(25,698)
Net (liabilities)/assets		(71,579)	13,299
Capital and reserves
Called up share capital		101	101
Capital redemption reserve		2	2
Retained earnings		(71,682)	13,196
Shareholders' (deficit)/funds		(71,579)	13,299

QDM (Building Services) Limited

(Registration number: 04739842)
Balance Sheet as at 30 April 2024 (continued)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 April 2025 and signed on its behalf by:
 

......................................... Mr JP Evenden Director

......................................... Mr PR Evenden Director

QDM (Building Services) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 22 Space Business Centre
Knight Road
Rochester
Kent
ME2 2BF
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

QDM (Building Services) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Office equipment	3 years straight line
Plant and machinery	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

QDM (Building Services) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

QDM (Building Services) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2	Accounting policies (continued)

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 May 2023	73,772	73,772
At 30 April 2024	73,772	73,772
Amortisation
At 1 May 2023	73,772	73,772
At 30 April 2024	73,772	73,772
Carrying amount
At 30 April 2024	-	-

QDM (Building Services) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

5	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2023	666	7,635	55,998	64,299
Additions	210	321	-	531
Disposals	-	-	(45,074)	(45,074)
At 30 April 2024	876	7,956	10,924	19,756
Depreciation
At 1 May 2023	548	6,858	31,852	39,258
Charge for the year	82	685	614	1,381
Eliminated on disposal	-	-	(23,383)	(23,383)
At 30 April 2024	630	7,543	9,083	17,256
Carrying amount
At 30 April 2024	246	413	1,841	2,500
At 30 April 2023	118	777	24,146	25,041

6

Stocks

	2024 £	2023 £
Work in progress	3,620	42,278

7

Debtors

Current	2024 £	2023 £
Trade debtors	-	17,206
Prepayments	625	833
Other debtors	24,555	97,636
	25,180	115,675

Details of non-current trade and other debtors

£24,201 (2023 -£24,201) of Other debtors is classified as non current.

QDM (Building Services) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	40,342	32,408
Trade creditors		2,714	1,800
Taxation and social security		82,240	108,235
Accruals and deferred income		-	2,345
Other creditors		-	1,587
		125,296	146,375

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	13,717	25,698

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	13,717	20,833
HP and finance lease liabilities	-	4,865
	13,717	25,698

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	10,000	10,000
Directors current account	30,342	-
Hire purchase liabilities	-	22,408
	40,342	32,408

10

Dividends

Interim dividends paid

QDM (Building Services) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

10	Dividends (continued)

		2024 £		2023 £
Interim dividend of £Nil (2023 - £520.00) per each Ordinary share		-		39,000

11	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2024 £	2023 £
Remuneration	34,516	20,380

Loans to related parties

2024	Key management £	Total £
At start of period	73,436	73,436
Repaid	(73,436)	(73,436)
At end of period	-	-

2023	Key management £	Total £
At start of period	51,570	51,570
Advanced	21,866	21,866
At end of period	73,436	73,436