1 September 2023 false No description of principal activity Taxfiler 2024.6 12148376 business:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12148376 2023-08-31 12148376 2023-09-01 2024-08-31 12148376 business:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12148376 business:AbridgedAccounts 2023-09-01 2024-08-31 12148376 2024-08-31 12148376 2023-08-31 12148376 core:WithinOneYear 2024-08-31 12148376 core:WithinOneYear 2023-08-31 12148376 core:ShareCapital core:PreviouslyStatedAmount 2024-08-31 12148376 core:ShareCapital core:PreviouslyStatedAmount 2023-08-31 12148376 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-08-31 12148376 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-08-31 12148376 core:PreviouslyStatedAmount 2024-08-31 12148376 core:PreviouslyStatedAmount 2023-08-31 12148376 business:SmallEntities 2023-09-01 2024-08-31 12148376 business:Director1 2023-09-01 2024-08-31 12148376 countries:EnglandWales 2023-09-01 2024-08-31 12148376 business:RegisteredOffice 2023-09-01 2024-08-31 12148376 core:PlantMachinery 2023-09-01 2024-08-31 12148376 core:FurnitureFittings 2023-09-01 2024-08-31 12148376 core:ComputerEquipment 2023-09-01 2024-08-31 12148376 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure
Q&LOUNGE LTD Statement of financial position as at 31 August 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
311,920
301,964
Current assets
Inventories
48,500
15,000
Debtors
2,820
2,240
Cash at bank and in hand
17,728
15,990
69,048
33,230
Creditors: amounts falling due within one year
(100,604)
(121,806)
Net current liabilities
(31,556)
(88,576)
Net assets
280,364
213,388
Capital and reserves
Called up share capital
100
100
Profit and loss account
280,264
213,288
Shareholders' funds
280,364
213,388
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 6 September 2024 and were signed on its behalf by
Hassan Amouri HADI Director Company Registration No. 12148376
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Q&LOUNGE LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Q&LOUNGE LTD is a private company, limited by shares, registered in England and Wales, registration number 12148376. The registered office is 823 WESTERN ROAD, LONDON, NW10 7LT.
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.
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
20% Straight-Line
Fixtures & fittings
20% Straight-Line
Computer equipment
20% Straight-Line
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 September 2023
425,596
Additions
90,150
At 31 August 2024
515,746
Depreciation
At 1 September 2023
123,632
Charge for the year
80,194
At 31 August 2024
203,826
Net book value
At 31 August 2024
311,920
At 31 August 2023
301,964
5
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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