Registered number
03966811
QP-Services UK Limited
Filleted Accounts
31 January 2025
QP-Services UK Limited
Registered number: 03966811
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 17,117 30,683
Current assets
Debtors 4 101,450 113,020
Cash at bank and in hand 263,050 250,833
364,500 363,853
Creditors: amounts falling due within one year 5 (78,883) (111,526)
Net current assets 285,617 252,327
Total assets less current liabilities 302,734 283,010
Provisions for liabilities (4,278) (7,669)
Net assets 298,456 275,341
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 297,456 274,341
Shareholder's funds 298,456 275,341
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Lorraine Bedford
Director
Approved by the board on 10 May 2025
QP-Services UK Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Computer equipment 33% straight line
Motor Vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 11 10
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2024 9,140 53,281 62,421
Additions - 3,811 3,811
Disposals (4,200) (24,350) (28,550)
At 31 January 2025 4,940 32,742 37,682
Depreciation
At 1 February 2024 5,222 26,516 31,738
Charge for the year 1,997 11,351 13,348
On disposals (4,200) (20,321) (24,521)
At 31 January 2025 3,019 17,546 20,565
Net book value
At 31 January 2025 1,921 15,196 17,117
At 31 January 2024 3,918 26,765 30,683
4 Debtors 2025 2024
£ £
Trade debtors 101,450 80,391
Other debtors - 32,629
101,450 113,020
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 2,942 2,481
Trade creditors 11,771 20,605
Taxation and social security costs 60,528 84,908
Other creditors 3,642 3,532
78,883 111,526
6 Related party transactions
The company paid office rent to Ambulavi Limited, a company controlled by the directors, amounting to £21,200 (2024: £18,520). The company owed Ambulavi Limited £1,108 at the balance sheet date (2024: £5,668). The company owed QP Nova Ltd Nil at the balance sheet date, (2024: Nil), a company controlled by the directors.
7 Controlling party
The ultimate controling party is QP Nova Ltd.
8 Other information
QP-Services UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
46 High Street,
Yatton,
Bristol
BS49 4HJ
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