1 September 2023 false No description of principal activity Taxfiler 2024.6 SC606044business:PrivateLimitedCompanyLtd2023-09-012024-08-31 SC6060442023-08-31 SC6060442023-09-012024-08-31 SC606044business:AuditExemptWithAccountantsReport2023-09-012024-08-31 SC606044business:FilletedAccounts2023-09-012024-08-31 SC6060442024-08-31 SC606044business:Director12023-09-012024-08-31 SC606044business:RegisteredOffice2023-09-012024-08-31 SC6060442023-08-31 SC606044core:WithinOneYear2024-08-31 SC606044core:WithinOneYear2023-08-31 SC606044core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 SC606044core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC606044core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 SC606044core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC606044core:PreviouslyStatedAmount2024-08-31 SC606044core:PreviouslyStatedAmount2023-08-31 SC606044business:SmallEntities2023-09-012024-08-31 SC606044countries:Scotland2023-09-012024-08-31 SC606044core:PlantMachinery2023-09-012024-08-31 SC606044core:FurnitureFittings2023-09-012024-08-31 SC606044core:ComputerEquipment2023-09-012024-08-31 SC606044core:PlantMachinery2023-08-31 SC606044core:FurnitureFittings2023-08-31 SC606044core:ComputerEquipment2023-08-31 SC606044core:PlantMachinery2024-08-31 SC606044core:FurnitureFittings2024-08-31 SC606044core:ComputerEquipment2024-08-31 SC6060442022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC606044 (Scotland)
GLOBAL QUEST LTD Unaudited accounts for the year ended 31 August 2024
GLOBAL QUEST LTD Unaudited accounts Contents
Page
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GLOBAL QUEST LTD Company Information for the year ended 31 August 2024
Director
Mr. Mohammed Abdul QAYYUM
Company Number
SC606044 (Scotland)
Registered Office
165 TELFORD ROAD EDINBURGH MIDLOTHIAN EH4 2PT UNITED KINGDOM
Accountants
Farshan & Co Accountants & Tax Advisers Suite 1, 2 Britannia Street Leicester LE1 3LE
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GLOBAL QUEST LTD Accountants' report
Accountants' report to the director of GLOBAL QUEST LTD on the preparation of the unaudited statutory accounts for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GLOBAL QUEST LTD for the year ended 31 August 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of GLOBAL QUEST LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of GLOBAL QUEST LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GLOBAL QUEST LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GLOBAL QUEST LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GLOBAL QUEST LTD. You consider that GLOBAL QUEST LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of GLOBAL QUEST LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Farshan & Co Accountants & Tax Advisers Suite 1, 2 Britannia Street Leicester LE1 3LE 8 April 2025
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GLOBAL QUEST LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,225 
4,661 
Current assets
Cash at bank and in hand
20,093 
27,717 
Creditors: amounts falling due within one year
(22,821)
(31,542)
Net current liabilities
(2,728)
(3,825)
Net assets
1,497 
836 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
1,494 
833 
Shareholders' funds
1,497 
836 
For the year ending 31 August 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 May 2025 and were signed on its behalf by
Mr. Mohammed Abdul QAYYUM Director Company Registration No. SC606044
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GLOBAL QUEST LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
GLOBAL QUEST LTD is a private company, limited by shares, registered in Scotland, registration number SC606044. The registered office is 165 TELFORD ROAD, EDINBURGH, MIDLOTHIAN, EH4 2PT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18%
Fixtures & fittings
18%
Computer equipment
18%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
2,108 
5,033 
2,500 
9,641 
Additions
- 
- 
492 
492 
At 31 August 2024
2,108 
5,033 
2,992 
10,133 
Depreciation
At 1 September 2023
1,400 
1,080 
2,500 
4,980 
Charge for the year
127 
712 
89 
928 
At 31 August 2024
1,527 
1,792 
2,589 
5,908 
Net book value
At 31 August 2024
581 
3,241 
403 
4,225 
At 31 August 2023
708 
3,953 
- 
4,661 
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GLOBAL QUEST LTD Notes to the Accounts for the year ended 31 August 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
5,691 
8,644 
Other creditors
17,130 
22,898 
22,821 
31,542 
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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