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Registered number: 09780767
QPQ Talent Solutions Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 09780767
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 201,027 176,020
201,027 176,020
CURRENT ASSETS
Debtors 5 524,103 582,449
Cash at bank and in hand 1,086,250 1,502,311
1,610,353 2,084,760
Creditors: Amounts Falling Due Within One Year 6 (433,730 ) (1,279,260 )
NET CURRENT ASSETS (LIABILITIES) 1,176,623 805,500
TOTAL ASSETS LESS CURRENT LIABILITIES 1,377,650 981,520
Creditors: Amounts Falling Due After More Than One Year 7 (97,976 ) (47,040 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (50,257 ) (55,656 )
NET ASSETS 1,229,417 878,824
CAPITAL AND RESERVES
Called up share capital 10 200 200
Income Statement 1,229,217 878,624
SHAREHOLDERS' FUNDS 1,229,417 878,824
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr James Truswell
Director
24 April 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
QPQ Talent Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09780767 . The registered office is 4220 Park Approach, Leeds, LS15 8GB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 25% on Cost
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% on Cost
Computer Equipment 25% on Cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2023: 27)
28 27
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 67,222 112,278 76,806 65,571 321,877
Additions - 83,550 - 6,291 89,841
Disposals - - - (20,337 ) (20,337 )
As at 30 September 2024 67,222 195,828 76,806 51,525 391,381
Depreciation
As at 1 October 2023 21,007 65,898 24,946 34,006 145,857
Provided during the period 16,806 13,335 19,203 15,490 64,834
Disposals - - - (20,337 ) (20,337 )
As at 30 September 2024 37,813 79,233 44,149 29,159 190,354
Net Book Value
As at 30 September 2024 29,409 116,595 32,657 22,366 201,027
As at 1 October 2023 46,215 46,380 51,860 31,565 176,020
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 316,423 505,836
Amounts due to associated undertakings 126,308 -
Amounts owed by group undertakings - 28,503
Other debtors 81,372 48,110
524,103 582,449
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Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,614 9,895
Trade creditors 49,898 56,108
Other creditors 181,336 631,824
Taxation and social security 184,882 581,433
433,730 1,279,260
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 97,976 47,040
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 115,590 56,935
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 17,614 9,895
Later than one year and not later than five years 97,976 47,040
115,590 56,935
115,590 56,935
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 72,500 72,500
Later than one year and not later than five years 132,917 205,417
205,417 277,917
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12. Related Party Transactions
Debtors include the following amounts due to group companies:
Menlo Park Recruitment Limited £0 (2023 : £28,503).
Menlo Bark Limited £126,308.
13. Ultimate Controlling Party
The company's ultimate controlling party is Menlo Park Recruitment Limited by virtue of its ownership of 100% of the issued share capital in the company.
Page 6