Company Registration No. 07038666 (England and Wales)
QUALIFIED ACCOUNTANTS LIMITED
Unaudited accounts
for the year ended 31 July 2024
QUALIFIED ACCOUNTANTS LIMITED
Unaudited accounts
Contents
QUALIFIED ACCOUNTANTS LIMITED
Company Information
for the year ended 31 July 2024
Company Number
07038666 (England and Wales)
Accountants
QUALIFIED ACCOUNTANTS LIMITED
89 Oakfield Road
Southgate
London
N14 6LT
QUALIFIED ACCOUNTANTS LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
2,946
3,682
Cash at bank and in hand
160,082
98,136
Creditors: amounts falling due within one year
(75,046)
(26,111)
Net current assets
85,036
72,025
Total assets less current liabilities
87,982
75,707
Creditors: amounts falling due after more than one year
(41,591)
(41,773)
Called up share capital
100
100
Profit and loss account
46,291
33,834
Shareholders' funds
46,391
33,934
For the year ending 31 July 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.
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 24 July 2025 and were signed on its behalf by
Mihir K Sarkar
Director
Company Registration No. 07038666
QUALIFIED ACCOUNTANTS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
QUALIFIED ACCOUNTANTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07038666.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment
QUALIFIED ACCOUNTANTS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
868
847
Taxes and social security
10,563
5,310
Proposed dividends
-
8,000
Loans from directors
63,615
8,479
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Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
4,156
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).