QLS INVESTMENTS LIMITED


Directors	BELLAMY, Christopher Byron, Mr.
	RONDANELLI, Paola Valentina


Registered Address	47 Queens Lane South
	Aberdeen
	AB15 4BF


Registered Number	SC459635 (Scotland)

Balance Sheet as at
30 September 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		1,379		2,398
Investments	4		50		50
			1,429		2,448
Current assets
Debtors		357,000		387,128
Cash at bank and on hand		3,353		3,101
		360,353		390,229
Creditors amounts falling due within one year	5	(6,825)		(6,527)
Net current assets (liabilities)			353,528		383,702
Total assets less current liabilities			354,957		386,150
Creditors amounts falling due after one year	6		(282,701)		(327,565)
Net assets			72,256		58,585
Capital and reserves
Called up share capital			100		100
Profit and loss account			72,156		58,485
Shareholders' funds			72,256		58,585

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 May 2025, and are signed on its behalf by:

BELLAMY, Christopher Byron, Mr.
Director
Registered Company No. SC459635

QLS INVESTMENTS LIMITED

Notes to the Financial Statements
for the year ended 30 September 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 October 23	6,603	6,603
Additions	990	990
At 30 September 24	7,593	7,593
Depreciation and impairment
At 01 October 23	4,205	4,205
Charge for year	2,009	2,009
At 30 September 24	6,214	6,214
Net book value
At 30 September 24	1,379	1,379
At 30 September 23	2,398	2,398

4.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 October 23	50	50
At 30 September 24	50	50
Net book value
At 30 September 24	50	50
At 30 September 23	50	50

	Notes
	¹Other investments other than loans

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Taxation and social security	6,825	6,527
Total	6,825	6,527


	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.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Other creditors	282,701	327,565
Total	282,701	327,565