Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 11702842 T P Benson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11702842 2023-11-30 11702842 2024-11-30 11702842 2023-12-01 2024-11-30 11702842 frs-core:CurrentFinancialInstruments 2024-11-30 11702842 frs-core:Non-currentFinancialInstruments 2024-11-30 11702842 frs-core:ComputerEquipment 2024-11-30 11702842 frs-core:ComputerEquipment 2023-12-01 2024-11-30 11702842 frs-core:ComputerEquipment 2023-11-30 11702842 frs-core:FurnitureFittings 2024-11-30 11702842 frs-core:FurnitureFittings 2023-12-01 2024-11-30 11702842 frs-core:FurnitureFittings 2023-11-30 11702842 frs-core:PlantMachinery 2024-11-30 11702842 frs-core:PlantMachinery 2023-12-01 2024-11-30 11702842 frs-core:PlantMachinery 2023-11-30 11702842 frs-core:ShareCapital 2024-11-30 11702842 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 11702842 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11702842 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 11702842 frs-bus:SmallEntities 2023-12-01 2024-11-30 11702842 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11702842 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11702842 frs-bus:Director1 2023-12-01 2024-11-30 11702842 frs-core:CurrentFinancialInstruments 2 2024-11-30 11702842 frs-countries:EnglandWales 2023-12-01 2024-11-30 11702842 2022-11-30 11702842 2023-11-30 11702842 2022-12-01 2023-11-30 11702842 frs-core:CurrentFinancialInstruments 2023-11-30 11702842 frs-core:Non-currentFinancialInstruments 2023-11-30 11702842 frs-core:ShareCapital 2023-11-30 11702842 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11702842 frs-core:CurrentFinancialInstruments 2 2023-11-30
Registered number: 11702842
QDTS Properties Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
The Boss Partnership
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11702842
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,408 5,332
4,408 5,332
CURRENT ASSETS
Stocks 5 3,750 133,608
Debtors 6 102,155 227,070
Investments 7 3,336 3,336
Cash at bank and in hand 2,203 12,768
111,444 376,782
Creditors: Amounts Falling Due Within One Year 8 (87,195 ) (323,238 )
NET CURRENT ASSETS (LIABILITIES) 24,249 53,544
TOTAL ASSETS LESS CURRENT LIABILITIES 28,657 58,876
NET ASSETS 28,657 58,876
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 28,557 58,776
SHAREHOLDERS' FUNDS 28,657 58,876
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For the year ending 30 November 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 Profit and Loss Account.
On behalf of the board
T P Benson
Director
13/05/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
QDTS Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11702842 . The registered office is 3mc Middlemarch Business Park, Siskin Drive, Coventry, West Midlands, CV3 4FJ.
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. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Plant & Machinery 15% RB
Fixtures & Fittings 25% RB
Computer Equipment 33% SL
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.5. 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 years 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.
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 assets reflect 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: 2 (2023: 3)
2 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 4,917 2,350 213 7,480
Additions - - 63 63
As at 30 November 2024 4,917 2,350 276 7,543
Depreciation
As at 1 December 2023 970 1,125 53 2,148
Provided during the period 592 306 89 987
As at 30 November 2024 1,562 1,431 142 3,135
Net Book Value
As at 30 November 2024 3,355 919 134 4,408
As at 1 December 2023 3,947 1,225 160 5,332
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5. Stocks
2024 2023
£ £
Work in progress 3,750 133,608
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 87,590 210,689
Other debtors 5,327 5,287
Other taxes and social security - 11,094
92,917 227,070
Due after more than one year
Corporation tax recoverable assets 9,238 -
9,238 -
102,155 227,070
7. Current Asset Investments
2024 2023
£ £
Other investments, held for sale 3,336 3,336
3,336 3,336
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 28,260 205,878
Corporation tax - 15,267
VAT 376 8,659
MI Workwear 2,000 2,000
McBen Developments Limited loan (2,420 ) 4,020
Accruals and deferred income 2,000 2,890
Directors' loan accounts 56,979 84,524
87,195 323,238
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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