Company Registration No. 04671015 (England and Wales)
Quest Technologies (London) Limited
Unaudited accounts
for the year ended 31 March 2025
Quest Technologies (London) Limited
Unaudited accounts
Contents
Quest Technologies (London) Limited
Company Information
for the year ended 31 March 2025
Company Number
04671015 (England and Wales)
Registered Office
195 Whitecross Street
London
EC1Y 8QP
Accountants
Tuite Tang Wong
Chartered Certified Accountants
15 The Broadway
Woodford Green
Essex
IG8 0HL
Quest Technologies (London) Limited
Statement of financial position
as at 31 March 2025
Tangible assets
4,157
4,153
Cash at bank and in hand
72,935
69,498
Creditors: amounts falling due within one year
(122,099)
(121,607)
Net current liabilities
(237)
(3,862)
Called up share capital
2
2
Profit and loss account
3,918
289
Shareholders' funds
3,920
291
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2025 and were signed on its behalf by
Riccardo Deiana
Director
Company Registration No. 04671015
Quest Technologies (London) Limited
Notes to the Accounts
for the year ended 31 March 2025
Quest Technologies (London) Limited is a private company, limited by shares, registered in England and Wales, registration number 04671015. The registered office is 195 Whitecross Street, London, EC1Y 8QP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on written down value
Computer equipment
25% on written down value
Quest Technologies (London) Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
-
4,746
4,746
At 31 March 2025
1,389
4,746
6,135
Charge for the year
347
1,038
1,385
At 31 March 2025
347
1,631
1,978
At 31 March 2025
1,042
3,115
4,157
At 31 March 2024
-
4,153
4,153
Amounts falling due within one year
Trade debtors
40,398
39,585
Accrued income and prepayments
339
-
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
2,634
Trade creditors
15,125
10,863
Taxes and social security
61,022
57,393
Other creditors
42,572
47,437
7
Transactions with related parties
At the year end, the outstanding amount due to the director was £10,868 (2024: £11,362) and the outstanding amount due to a shareholder was £31,331 (2024: £35,645).
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).