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REGISTERED NUMBER: 05668733 (England and Wales)









Unaudited Financial Statements

for the Year Ended

31st January 2025

for

QA Associates Limited

QA Associates Limited (Registered number: 05668733)






Contents of the Financial Statements
for the Year Ended 31st January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QA Associates Limited

Company Information
for the Year Ended 31st January 2025







DIRECTORS: D Fretwell
Mrs J Waddoups
S Fretwell





SECRETARY: Mrs J Waddoups





REGISTERED OFFICE: Sunny Bank
81 Hickton Road
Swanwick
Derbyshire
DE55 1AG





REGISTERED NUMBER: 05668733 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
3 Derby Road
Ripley
Derbyshire
DE5 3EA

QA Associates Limited (Registered number: 05668733)

Balance Sheet
31st January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,373 1,150

CURRENT ASSETS
Debtors 5 19,536 19,340
Cash at bank and in hand 97,915 110,529
117,451 129,869
CREDITORS
Amounts falling due within one year 6 46,173 36,166
NET CURRENT ASSETS 71,278 93,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,651

94,853

CREDITORS
Amounts falling due after more than one
year

7

(2,083

)

(7,083

)

PROVISIONS FOR LIABILITIES (261 ) (219 )
NET ASSETS 70,307 87,551

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 70,207 87,451
SHAREHOLDERS' FUNDS 70,307 87,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

QA Associates Limited (Registered number: 05668733)

Balance Sheet - continued
31st January 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st June 2025 and were signed on its behalf by:





D Fretwell - Director


QA Associates Limited (Registered number: 05668733)

Notes to the Financial Statements
for the Year Ended 31st January 2025

1. STATUTORY INFORMATION

QA Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and equipment - 15% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

QA Associates Limited (Registered number: 05668733)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
equipment equipment Totals
£    £    £   
COST
At 1st February 2024 3,846 2,358 6,204
Additions - 824 824
At 31st January 2025 3,846 3,182 7,028
DEPRECIATION
At 1st February 2024 2,696 2,358 5,054
Charge for year 327 274 601
At 31st January 2025 3,023 2,632 5,655
NET BOOK VALUE
At 31st January 2025 823 550 1,373
At 31st January 2024 1,150 - 1,150

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 18,164 14,012
Directors' loan accounts - 3,531
Prepayments 1,372 1,797
19,536 19,340

QA Associates Limited (Registered number: 05668733)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 10,503 5,294
Corporation tax 5,003 6,617
Social security and other taxes 10,122 12,309
Credit Card 46 257
Directors' loan accounts 11,707 2,600
Accrued expenses 3,792 4,089
46,173 36,166

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.25 31.1.24
£    £   
Loan amount due in 1-5 years 2,083 7,083

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
75 Ordinary A £1 75 75
10 Ordinary B £1 10 10
5 Ordinary C £1 5 5
10 Ordinary D £1 10 10
100 100

9. RESERVES
Retained
earnings
£   

At 1st February 2024 87,451
Profit for the year 21,506
Dividends (38,750 )
At 31st January 2025 70,207

QA Associates Limited (Registered number: 05668733)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2025 and 31st January 2024:

31.1.25 31.1.24
£    £   
D Fretwell
Balance outstanding at start of year 3,531 -
Amounts advanced - 23,299
Amounts repaid - (19,768 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,531