REGISTERED NUMBER: 03171222 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

QSL LONDON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R T Hammond

P Hammond

SECRETARY:

R T Hammond

REGISTERED OFFICE:

Unit D5 Fairview Industrial Park

Marsh Way

Rainham

Essex

RM13 8UP

REGISTERED NUMBER:

03171222 (England and Wales)

ACCOUNTANTS:

Clemence Hoar Cummings

Chartered Accountants

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

FIXED ASSETS

Tangible assets

4

2,031

3,434

CURRENT ASSETS

Debtors

5

60,775

63,215

Cash at bank and in hand

5,675

10,705

66,450

73,920

CREDITORS

Amounts falling due within one year

6

31,126

33,139

NET CURRENT ASSETS

35,324

40,781

TOTAL ASSETS LESS CURRENT LIABILITIES

37,355

44,215

CAPITAL AND RESERVES

Called up share capital

105

105

Retained earnings

37,250

44,110

SHAREHOLDERS' FUNDS

37,355

44,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 5th November 2025 and were signed on its behalf by:

R T Hammond - Director

P Hammond - Director

1.	STATUTORY INFORMATION

QSL London Limited is a private company, limited by shares , registered in England and Wales. 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.

Freehold property

-

10% on cost

Plant and machinery

-

Straight line over 5 years

Fixtures and fittings

-

Straight line over 5 years

Motor vehicles

-

Straight line over 5 years

Computer equipment

-

Straight line over 5 years

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.

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 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st April 2024

and 31st March 2025

17,545

66,519

88,721

DEPRECIATION

At 1st April 2024

17,545

66,519

85,435

Charge for year

-

-

1,255

At 31st March 2025

17,545

66,519

86,690

NET BOOK VALUE

At 31st March 2025

-

-

2,031

At 31st March 2024

-

-

3,286

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

15,504

70,974

259,263

DEPRECIATION

At 1st April 2024

15,504

70,826

255,829

Charge for year

-

148

1,403

At 31st March 2025

15,504

70,974

257,232

NET BOOK VALUE

At 31st March 2025

-

-

2,031

At 31st March 2024

-

148

3,434

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

42,493

39,025

Amounts owed by group undertakings

15,916

21,101

Prepayments

2,366

3,089

60,775

63,215

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

13,008

11,059

Taxation

-

971

Social security and other taxes

3,053

3,217

VAT

7,783

11,942

Directors' current accounts

2,204

2,204

Accrued expenses

5,078

3,746

31,126

33,139