Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 NI669320 Mr Peter Gillan David Moneypenny iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI669320 2023-08-31 NI669320 2024-08-31 NI669320 2023-09-01 2024-08-31 NI669320 frs-core:CurrentFinancialInstruments 2024-08-31 NI669320 frs-core:Non-currentFinancialInstruments 2024-08-31 NI669320 frs-core:BetweenOneFiveYears 2024-08-31 NI669320 frs-core:ComputerEquipment 2024-08-31 NI669320 frs-core:ComputerEquipment 2023-09-01 2024-08-31 NI669320 frs-core:ComputerEquipment 2023-08-31 NI669320 frs-core:MotorVehicles 2024-08-31 NI669320 frs-core:MotorVehicles 2023-09-01 2024-08-31 NI669320 frs-core:MotorVehicles 2023-08-31 NI669320 frs-core:PlantMachinery 2024-08-31 NI669320 frs-core:PlantMachinery 2023-09-01 2024-08-31 NI669320 frs-core:PlantMachinery 2023-08-31 NI669320 frs-core:WithinOneYear 2024-08-31 NI669320 frs-core:ShareCapital 2024-08-31 NI669320 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 NI669320 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 NI669320 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 NI669320 frs-bus:SmallEntities 2023-09-01 2024-08-31 NI669320 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 NI669320 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 NI669320 frs-bus:Director1 2023-09-01 2024-08-31 NI669320 frs-bus:Director2 2023-09-01 2024-08-31 NI669320 frs-countries:NorthernIreland 2023-09-01 2024-08-31 NI669320 2022-08-31 NI669320 2023-08-31 NI669320 2022-09-01 2023-08-31 NI669320 frs-core:CurrentFinancialInstruments 2023-08-31 NI669320 frs-core:Non-currentFinancialInstruments 2023-08-31 NI669320 frs-core:BetweenOneFiveYears 2023-08-31 NI669320 frs-core:WithinOneYear 2023-08-31 NI669320 frs-core:ShareCapital 2023-08-31 NI669320 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: NI669320
Qualis Construction Services Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI669320
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 78,790 90,043
78,790 90,043
CURRENT ASSETS
Stocks 5 52,151 130,000
Debtors 6 114,186 68,396
Cash at bank and in hand 248,106 397,622
414,443 596,018
Creditors: Amounts Falling Due Within One Year 7 (462,487 ) (645,390 )
NET CURRENT ASSETS (LIABILITIES) (48,044 ) (49,372 )
TOTAL ASSETS LESS CURRENT LIABILITIES 30,746 40,671
Creditors: Amounts Falling Due After More Than One Year 8 (1,980 ) (9,240 )
NET ASSETS 28,766 31,431
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 28,666 31,331
SHAREHOLDERS' FUNDS 28,766 31,431
Page 1
Page 2
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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
David Moneypenny
Director
25/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Qualis Construction Services Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI669320 . The registered office is Unit 4A Channel Wharf, 21 Old Channel Road, Belfast, County Antrim, BT3 9DE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% and 10% Straight Line
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Straight Line
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 4)
2 4
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 72,522 47,302 4,693 124,517
Additions 1,387 - 4,533 5,920
As at 31 August 2024 73,909 47,302 9,226 130,437
Depreciation
As at 1 September 2023 17,439 15,684 1,351 34,474
Provided during the period 7,390 7,904 1,879 17,173
As at 31 August 2024 24,829 23,588 3,230 51,647
Net Book Value
As at 31 August 2024 49,080 23,714 5,996 78,790
As at 1 September 2023 55,083 31,618 3,342 90,043
5. Stocks
2024 2023
£ £
Work in progress 52,151 130,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 85,738 37,689
Other debtors 28,448 30,707
114,186 68,396
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,260 7,920
Trade creditors 212,400 259,924
Amounts owed to group undertakings 57,190 103,935
Other creditors 2,382 3,066
Taxation and social security 183,255 270,545
462,487 645,390
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,980 9,240
Page 4
Page 5
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,260 7,920
Later than one year and not later than five years 1,980 9,240
9,240 17,160
9,240 17,160
Page 5