QARS Management & Engineering Consultants Limited
Unaudited Financial Statements
For the year ended 31 March 2025
Pages for Filing with Registrar
Company Registration No. 03727489 (England and Wales)
QARS Management & Engineering Consultants Limited
Company Information
Directors
C K Wong
L K Wong
Secretary
C K Wong
Company number
03727489
Registered office
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
QARS Management & Engineering Consultants Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
QARS Management & Engineering Consultants Limited
Balance Sheet
As at 31 March 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
144
193
Current assets
Debtors
4
71
447
Cash at bank and in hand
15,546
19,460
15,617
19,907
Creditors: amounts falling due within one year
5
(6,448)
(5,839)
Net current assets
9,169
14,068
Net assets
9,313
14,261
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
9,213
14,161
Total equity
9,313
14,261

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 11 November 2025 and are signed on its behalf by:
C K Wong
Director
Company Registration No. 03727489
QARS Management & Engineering Consultants Limited
Notes to the Financial Statements
For the year ended 31 March 2025
Page 2
1
Accounting policies
Company information

QARS Management & Engineering Consultants Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3DP.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for consultancy services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and Machinery
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company only has basic financial instruments at amortised cost, with no financial instruments classified as other or basic instrument measured at fair value.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

QARS Management & Engineering Consultants Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 3

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (202 4: 2).

3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
739
Depreciation and impairment
At 1 April 2024
546
Depreciation charged in the year
49
At 31 March 2025
595
Carrying amount
At 31 March 2025
144
At 31 March 2024
193
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
71
447
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
360
-
0
Other creditors
4,138
3,889
Accruals and deferred income
1,950
1,950
6,448
5,839
QARS Management & Engineering Consultants Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 4
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
100 ordinary shares of £1 each
100
100
100
100
7
Related party transactions

Included in other creditors is an amount of £4,138 (202 4: £3,089) due to the directors.

During the year, consultancy services of £nil (202 4:£nil) were provided to QARS Management Singapore.

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