Registered number
11256980
QLF Medical Limited
Unaudited Filleted Accounts
31 March 2025
QLF Medical Limited
Registered number: 11256980
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Investments 3 5,000 5,000
Current assets
Debtors 4 239,352 59,795
Cash at bank and in hand 864,525 885,131
1,103,877 944,926
Creditors: amounts falling due within one year 5 (80,594) (97,518)
Net current assets 1,023,283 847,408
Net assets 1,028,283 852,408
Capital and reserves
Called up share capital 150 150
Profit and loss account 1,028,133 852,258
Shareholders' funds 1,028,283 852,408
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 members have 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.
Mr R A E Clayton
Director
Approved by the board on 28 May 2025
QLF Medical Limited
Notes to the Accounts
for the year ended 31 March 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 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.
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.
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 3 3
3 Investments
Other
investments
£
Cost
At 1 April 2024 5,000
At 31 March 2025 5,000
4 Debtors 2025 2024
£ £
Trade debtors 19,352 29,795
Other debtors 220,000 30,000
239,352 59,795
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 59,374 68,007
Other creditors 21,220 29,511
80,594 97,518
6 Other information
QLF Medical Limited is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor, Buckley House
31a The Hundred
Romsey
Hampshire
SO51 8GD
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