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Company Registration No. 07038666 (England and Wales)
QUALIFIED ACCOUNTANTS LIMITED Unaudited accounts for the year ended 31 July 2025
QUALIFIED ACCOUNTANTS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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QUALIFIED ACCOUNTANTS LIMITED Company Information for the year ended 31 July 2025
Director
Mihir K Sarkar
Company Number
07038666 (England and Wales)
Accountants
QUALIFIED ACCOUNTANTS LIMITED 89 Oakfield Road Southgate London N14 6LT
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QUALIFIED ACCOUNTANTS LIMITED Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,357
2,946
Current assets
Debtors
5
18,027
-
Cash at bank and in hand
167,706
160,082
185,733
160,082
Creditors: amounts falling due within one year
6
(94,900)
(75,896)
Net current assets
90,833
84,186
Total assets less current liabilities
93,190
87,132
Creditors: amounts falling due after more than one year
7
(31,263)
(40,741)
Net assets
61,927
46,391
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
61,827
46,291
Shareholders' funds
61,927
46,391
For the year ending 31 July 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 16 October 2025 and were signed on its behalf by
Mihir K Sarkar Director Company Registration No. 07038666
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QUALIFIED ACCOUNTANTS LIMITED Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
QUALIFIED ACCOUNTANTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07038666.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20%
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 August 2024
10,619
At 31 July 2025
10,619
Depreciation
At 1 August 2024
7,673
Charge for the year
589
At 31 July 2025
8,262
Net book value
At 31 July 2025
2,357
At 31 July 2024
2,946
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
18,027
-
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QUALIFIED ACCOUNTANTS LIMITED Notes to the Accounts for the year ended 31 July 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
868
868
VAT
5,662
-
Taxes and social security
20,227
10,563
Other creditors
150
850
Loans from directors
67,993
63,615
94,900
75,896
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
31,263
36,585
Taxes and social security
-
4,156
31,263
40,741
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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