Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31trueNo description of principal activity2023-07-19false1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15013004 2023-07-18 15013004 2023-07-19 2024-12-31 15013004 2022-07-19 2023-07-18 15013004 2024-12-31 15013004 c:Director1 2023-07-19 2024-12-31 15013004 c:Director1 2024-12-31 15013004 c:Director2 2023-07-19 2024-12-31 15013004 c:Director2 2024-12-31 15013004 c:RegisteredOffice 2023-07-19 2024-12-31 15013004 d:CurrentFinancialInstruments 2024-12-31 15013004 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15013004 d:ShareCapital 2024-12-31 15013004 d:RetainedEarningsAccumulatedLosses 2024-12-31 15013004 c:FRS102 2023-07-19 2024-12-31 15013004 c:AuditExempt-NoAccountantsReport 2023-07-19 2024-12-31 15013004 c:FullAccounts 2023-07-19 2024-12-31 15013004 c:PrivateLimitedCompanyLtd 2023-07-19 2024-12-31 15013004 e:PoundSterling 2023-07-19 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 15013004














QUESTRICS LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 DECEMBER 2024

 
QUESTRICS LTD
 
 
COMPANY INFORMATION


Directors
I A Akbar (appointed 19 July 2023)
R A Lerman (appointed 19 July 2023)




Registered number
15013004



Registered office
1-3 Manor Road

Chatham

Kent

ME4 6AE




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
QUESTRICS LTD
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 3


 
QUESTRICS LTD
REGISTERED NUMBER:15013004

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
67,500

Cash at bank and in hand
  
359,974

  
427,474

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(203,922)

Net current assets
  
 
 
223,552

Net assets
  
223,552


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
223,452

  
223,552


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



R A Lerman
Director

Date: 11 April 2025

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
QUESTRICS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Questrics Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1-3 Manor Road, Chatham, Kent, United Kingdom, ME4 6AE.
The principal activity of the company during the year was that of financial intermediation.
The company was incorporated on 19 July 2023 and began trading on 01 January 2024, with the first bank transaction recorded on 06 February 2024.
The company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is measured at the fair value of amounts receivable in respect of services provided in the year. Revenue is recognised from services when all contractual obligations have been met. 

 
2.3

Pensions

Defined contribution pension plan

The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


 
2.5

Debtors

Short-term debtors are measured at the transaction price, less any impairment.

Page 2

 
QUESTRICS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. 

 
2.7

Financial instruments


The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade, other debtors, creditors and loans to related parties.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Debtors

2024
£


Trade debtors
67,500



5.


Creditors: Amounts falling due within one year

2024
£

Amounts owed to group undertakings
99,900

Corporation tax
89,534

Other taxation and social security
647

Accruals and deferred income
13,841

203,922



6.


Related party transactions

The company has taken advantage of the exemption under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Page 3