REGISTERED NUMBER: SC589127 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

ESQA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr U Qureshi

Mrs S M Qureshi

SECRETARY:

Mrs S M Qureshi

REGISTERED OFFICE:

31 Thorn Road

Bearsden

Glasgow

United Kingdom

G61 4BS

REGISTERED NUMBER:

SC589127 (Scotland)

ACCOUNTANTS:

JF Accounting

Clyde Offices, 2nd Floor,

48 West George Street

Glasgow

G2 1BP

FIXED ASSETS

Tangible assets

4

813,949

1,010,260

CURRENT ASSETS

Debtors

5

27,615

25,000

Cash at bank

7,850

30,067

35,465

55,067

CREDITORS

Amounts falling due within one year

6

2,802,514

2,570,924

NET CURRENT LIABILITIES

(2,767,049

)

(2,515,857

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,953,100

)

(1,505,597

)

CREDITORS

Amounts falling due after more than one year

7

-

8,915

NET LIABILITIES

(1,953,100

)

(1,514,512

)

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

(1,953,120

)

(1,514,532

)

SHAREHOLDERS' FUNDS

(1,953,100

)

(1,514,512

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Dr U Qureshi - Director

1.	STATUTORY INFORMATION

Esqa Limited 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.

Long leasehold

-

in accordance with the property

Other fixed assets

-

25% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Other

Fixtures

Long

fixed

and

Computer

leasehold

assets

fittings

equipment

Totals

£

£

£

£

£

COST

At 31 December 2023

1,011,356

15,275

607,506

56,878

1,691,015

Additions

-

3,040

-

-

3,040

At 30 December 2024

1,011,356

18,315

607,506

56,878

1,694,055

DEPRECIATION

At 31 December 2023

242,840

12,973

368,672

56,270

680,755

Charge for year

74,915

2,703

121,501

232

199,351

At 30 December 2024

317,755

15,676

490,173

56,502

880,106

NET BOOK VALUE

At 30 December 2024

693,601

2,639

117,333

376

813,949

At 30 December 2023

768,516

2,302

238,834

608

1,010,260

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

2,615

-

Prepayments

5,000

5,000

Rent deposits

20,000

20,000

27,615

25,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

37,920

39,566

Hire purchase contracts

12,537

75,981

Trade creditors

12,462

17,268

Amounts owed to group undertakings

2,510,425

2,164,377

Amounts owed to associates

78,606

71,816

Tax

442

442

Social security and other taxes

37,562

63,508

VAT

22,306

56,140

Other creditors

1,410

3,240

Directors' current accounts

-

6,976

Accrued expenses

88,844

71,610

2,802,514

2,570,924

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

-

8,915

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

37,920

39,566

9.	RELATED PARTY DISCLOSURES

During the period the Company operated loan accounts with group companies which is included within creditors. The amount due from group companies at the period end was £2,510,424 ( 2023 - £2,164,317). These loans are unsecured, interest free and repayable on demand.

During the period the Company operated loan accounts with group companies which is included within debtors. The amount due from group companies at the period end was £2,615 ( 2023 - £Nil). These loans are unsecured, interest free and repayable on demand.

During the period the Company operated a loan account with companies under common control. The amount due from companies under common control was £78,606 (2023 - £71,816). This loan is unsecured, interest and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The ultimate Controlling Parent Undertaking is Qureshi Group Limited by virtue of its 100% controlling interest in the company.

the ultimate Controlling Parties are Dr. U. Qureshi and Mrs. S. Qureshi by virtue of their 100% shareholding in Qureshi Group Limited.