QAM Skills Centre Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 August 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

27/05/2026

Clouders (Audit & Accounts) Ltd

Chartered Certified Accountants

Charter House, 103-105 Leigh Road

Leigh-On-Sea

Essex

SS9 1JL

Page 1

Page 2

QAM Skills Centre Limited

Balance Sheet

As At 31 August 2025

Balance Sheet

Registered number: 08986685

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		36,801		54,589

			36,801		54,589
CURRENT ASSETS
Debtors	5	305,258		252,193
Cash at bank and in hand		185,753		100,601

		491,011		352,794
Creditors: Amounts Falling Due Within One Year	6	(260,148 )		(186,496 )

NET CURRENT ASSETS (LIABILITIES)			230,863		166,298

TOTAL ASSETS LESS CURRENT LIABILITIES			267,664		220,887

Creditors: Amounts Falling Due After More Than One Year	7		-		(6,667 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,244 )		(10,138 )

NET ASSETS			259,420		204,082

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Profit and Loss Account			258,420		203,082

SHAREHOLDERS' FUNDS			259,420		204,082

Page 2

Page 3

QAM Skills Centre Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

T Law

Director

27/05/2026

The notes on pages 4 to 7 form part of these financial statements.

Page 3

Page 4

QAM Skills Centre Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

QAM Skills Centre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08986685 . The registered office is Charter House, 103-105 Leigh Road, Leigh-On-Sea, Essex, SS9 1JL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% Reducing balance method
Fixtures & Fittings	15% Reducing balance method
Computer Equipment	20% Reducing balance method

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

...CONTINUED

Page 4

Page 5

QAM Skills Centre Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.4. Taxation - continued

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.5. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 3)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 September 2024	55,026	12,000	28,803	95,829
Additions	-	-	515	515
Disposals	(20,026 )	-	-	(20,026 )

As at 31 August 2025	35,000	12,000	29,318	76,318

Depreciation
As at 1 September 2024	17,597	9,057	14,586	41,240

...CONTINUED

Page 5

Page 6

QAM Skills Centre Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Provided during the period	7,474	442	2,854	10,770
Disposals	(12,493 )	-	-	(12,493 )

As at 31 August 2025	12,578	9,499	17,440	39,517

Net Book Value
As at 31 August 2025	22,422	2,501	11,878	36,801

As at 1 September 2024	37,429	2,943	14,217	54,589

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	20,089	20,667
Prepayments and accrued income	4,488	-
Other debtors	280,681	231,526

	305,258	252,193

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,256	1,692
Bank loans and overdrafts	7,683	8,000
Corporation tax	20,495	4,418
Other taxes and social security	70	230
VAT	9,053	9,415
Other creditors	110,283	42,531
Accrued expenses	109,696	119,598
Directors' loan accounts	612	612

	260,148	186,496

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	6,667

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

Page 6

Page 7

QAM Skills Centre Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	1,000	1,000

10. Related Party Transactions

The company uses services provided by Quality Asset Management Limited. A director of QAM Skills Centre Limited is the spouse of the director of this company. During the year, QAM Skills Centre Limited made sales to this company totalling £11,200 (2024 £nil) none of which remained outstanding at the year end.

The company also maintained a loan account with Quality Asset Management Limited and £199,655 (2024 £150,499) remained outstanding at the year end and is shown in other debtors.

The company provided services to Bus 62 Limited. A director of QAM Skills Centre Limited is also a director of this company. During the year, services totalling £30,731 (2024 £nil) were provided to the company and £1,920 (2024 £nil) remained outstanding and is shown in trade debtors.

The company also maintained a loan account with Bus 62 Limited. At the year end £66,752 (2024 £nil) remained outstanding and is shown in other creditors.

The company also maintained a loan account with OMA-Fix Ltd. A director of QAM Skills Centre Limited is also a director of this company. At the year end £81,026 (2024 £81,026) remained outstanding and is shown in other debtors.

11. Ultimate Controlling Party

The company is controlled by T Law, a director of the company.

Page 7