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COMPANY REGISTRATION NUMBER: 06580173
QPLUS MARKETING LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
29 April 2024
QPLUS MARKETING LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 29th APRIL 2024
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
QPLUS MARKETING LIMITED
STATEMENT OF FINANCIAL POSITION
29 April 2024
2024
2023
Note
£
£
£
£
CURRENT ASSETS
Debtors
5
107,054
124,334
Cash at bank and in hand
1
1
----------
----------
107,055
124,335
CREDITORS: amounts falling due within one year
6
95,264
105,775
----------
----------
NET CURRENT ASSETS
11,791
18,560
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
11,791
18,560
PROVISIONS
Taxation including deferred tax
( 1,958)
---------
---------
NET ASSETS
13,749
18,560
---------
---------
CAPITAL AND RESERVES
Called up share capital
8
100
100
Profit and loss account
13,649
18,460
---------
---------
SHAREHOLDERS FUNDS
13,749
18,560
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29th April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
QPLUS MARKETING LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
29 April 2024
These financial statements were approved by the board of directors and authorised for issue on 28 April 2025 , and are signed on behalf of the board by:
S. Nguoghia Koutsop
Director
Company registration number: 06580173
QPLUS MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29th APRIL 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 2, 18 St. George's Square, London, SW1V 2HP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The financial statements have been prepared on the going concern basis. The director considers that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's director, bankers and other lending agents during this time.
Taxation
The taxation expense represents the aggregate amount of deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. DEBTORS
2024
2023
£
£
Director's loan account
80,456
93,497
S455 tax recoverable
26,598
30,837
----------
----------
107,054
124,334
----------
----------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank overdraft
12,405
11,948
Accruals
677
425
Corporation tax
82,182
88,620
Social security and other taxes
4,782
---------
----------
95,264
105,775
---------
----------
7. DEFERRED TAX
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions
( 1,958)
-------
----
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Unused tax losses
( 1,958)
-------
----
8. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
S. Nguoghia Koutsop
93,497
38,091
( 51,132)
80,456
---------
---------
---------
---------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
S. Nguoghia Koutsop
103,663
36,414
( 46,580)
93,497
----------
---------
---------
---------
10. RELATED PARTY TRANSACTIONS
No transactions with related parties were undertaken such as are required to be disclosed under FRS102 Section 1A small entities.