Quality Alliance International Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC621679 (Scotland)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Quality Alliance International Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Minty

REGISTERED OFFICE:

42 Queens Road

Aberdeen

AB15 4YE

REGISTERED NUMBER:

SC621679 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

5,198

311

CURRENT ASSETS

Debtors

5

1,942

116,054

Cash at bank

55,348

23,134

57,290

139,188

CREDITORS

Amounts falling due within one year

6

39,002

106,551

NET CURRENT ASSETS

18,288

32,637

TOTAL ASSETS LESS CURRENT
LIABILITIES

23,486

32,948

CREDITORS

Amounts falling due after more than one
year

7

(8,784

)

(15,800

)

PROVISIONS FOR LIABILITIES

(1,182

)

(67

)

NET ASSETS

13,520

17,081

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

13,420

16,981

13,520

17,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2025 and were signed by:

Mr S Minty - Director

1.	STATUTORY INFORMATION

Quality Alliance International Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 March 2024

-

1,294

Additions

5,510

1,165

6,675

Disposals

-

(379

)

(379

)

At 28 February 2025

5,510

2,080

7,590

DEPRECIATION

At 1 March 2024

-

983

Charge for year

1,102

686

1,788

Eliminated on disposal

-

(379

)

(379

)

At 28 February 2025

1,102

1,290

2,392

NET BOOK VALUE

At 28 February 2025

4,408

790

5,198

At 29 February 2024

-

311

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Trade debtors

-

110,856

Other debtors

1,942

5,198

1,942

116,054

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Bank loans and overdrafts

7,500

Trade creditors

-

9

Taxation and social security

23,259

19,444

Other creditors

8,243

79,598

39,002

106,551

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

28.2.25

29.2.24

£

Bank loans

8,784

15,800

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25

29.2.24

£

Mr J P Hamilton

Balance outstanding at start of year

(15

)

(535

)

Amounts advanced

2,886

4,349

Amounts repaid

(2,871

)

(3,829

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(15

)

Mr S Minty

Balance outstanding at start of year

(104

)

(689

)

Amounts advanced

2,919

3,022

Amounts repaid

(5,090

)

(2,437

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(2,275

)

(104

)

9.	ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the year.