0 false false true false false false false false false false true false false false false true true No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 14730556 2024-04-01 2025-03-31 14730556 2025-03-31 14730556 2024-03-31 14730556 2023-04-01 2024-03-31 14730556 2024-03-31 14730556 2023-03-31 14730556 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 14730556 bus:Director1 2024-04-01 2025-03-31 14730556 core:WithinOneYear 2025-03-31 14730556 core:WithinOneYear 2024-03-31 14730556 core:UKTax 2024-04-01 2025-03-31 14730556 core:ShareCapital 2025-03-31 14730556 core:ShareCapital 2024-03-31 14730556 core:RetainedEarningsAccumulatedLosses 2025-03-31 14730556 core:RetainedEarningsAccumulatedLosses 2024-03-31 14730556 bus:SmallEntities 2024-04-01 2025-03-31 14730556 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 14730556 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14730556 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14730556 bus:FullAccounts 2024-04-01 2025-03-31 14730556 bus:OrdinaryShareClass1 2025-03-31 14730556 bus:OrdinaryShareClass1 2024-03-31
COMPANY REGISTRATION NUMBER: 14730556
QMD Property Services Ltd
Filleted Unaudited Financial Statements
31 March 2025
QMD Property Services Ltd
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Current assets
Cash at bank and in hand
2,027
30
Creditors: amounts falling due within one year
5
1,370
991
-------
----
Net current assets/(liabilities)
657
( 961)
----
----
Total assets less current liabilities
657
( 961)
----
----
Net assets/(liabilities)
657
( 961)
----
----
Capital and reserves
Called up share capital
6
1
1
Profit and loss account
656
( 962)
----
----
Shareholders funds/(deficit)
657
( 961)
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 August 2025 , and are signed on behalf of the board by:
Mr QM Dad
Director
Company registration number: 14730556
QMD Property Services Ltd
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 42 Prince Street,, Walsall, West Midlands, WS2 9JH, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tax on profit/(loss)
Major components of tax expense
2025
2024
£
£
Current tax:
UK current tax expense
154
----
----
Tax on profit/(loss)
154
----
----
Reconciliation of tax expense
The tax assessed on the profit/(loss) on ordinary activities for the year is lower than (2024: the same as) the standard rate of corporation tax in the UK of 19 % (2024: 19 %).
2025
2024
£
£
Profit/(loss) on ordinary activities before taxation
1,772
( 962)
-------
----
Profit/(loss) on ordinary activities by rate of tax
337
Utilisation of tax losses
( 183)
-------
----
Tax on profit/(loss)
154
-------
----
5. Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
154
Other creditors
1,216
991
-------
----
1,370
991
-------
----
6. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
7. Director's advances, credits and guarantees
At the period-end the director was owed £256 (2024-£511). The loan is interest-free and repayable on demand.