QSP Training Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the directors on the preparation of the unaudited statutory accounts of QSP Training Limited for the year ended 31 March 2026

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of QSP Training Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made to the directors of QSP Training Limited , as a body, in accordance with the terms of our engagement letter dated 22 August 2018. Our work has been undertaken solely to prepare for your approval the accounts of QSP Training Limited and state those matters that we have agreed to state to the directors of QSP Training Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than QSP Training Limited and its directors as a body for our work or for this report.

It is your duty to ensure that QSP Training Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of QSP Training Limited . You consider that QSP Training Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of QSP Training Limited . 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.

21st July 2026

Allen Rose

Chartered Certified Accountants

Creative Industries Building, Mammoth Drive

Wolverhampton Science Park

Wolverhampton

WV10 9TG

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QSP Training Limited

Balance Sheet

As At 31 March 2026

Balance Sheet

Registered number: 05283124

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		38,426		51,343

			38,426		51,343
CURRENT ASSETS
Stocks	5	4,000		-
Debtors	6	240,686		199,288
Cash at bank and in hand		160,307		165,428

		404,993		364,716
Creditors: Amounts Falling Due Within One Year	7	(416,253 )		(381,137 )

NET CURRENT ASSETS (LIABILITIES)			(11,260 )		(16,421 )

TOTAL ASSETS LESS CURRENT LIABILITIES			27,166		34,922

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,634 )		(5,552 )

NET ASSETS			23,532		29,370

CAPITAL AND RESERVES
Called up share capital	8		60		60
Profit and Loss Account			23,472		29,310

SHAREHOLDERS' FUNDS			23,532		29,370

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QSP Training Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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

S W Pearce

Director

21st July 2026

The notes on pages 4 to 6 form part of these financial statements.

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QSP Training Limited

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

QSP Training Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05283124 . The registered office is Imex Business Centre, Oxleasow Road, Redditch, B98 0RE.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £1.

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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:

Leasehold	10% Straight Line
Motor Vehicles	20% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. 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.

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.

...CONTINUED

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QSP Training Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Taxation - continued

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2025: 7)

4. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	43,652	32,950	27,570	35,206	139,378
Additions	-	-	-	816	816

As at 31 March 2026	43,652	32,950	27,570	36,022	140,194

Depreciation
As at 1 April 2025	34,921	5,217	24,820	23,077	88,035
Provided during the period	4,365	5,547	687	3,134	13,733

As at 31 March 2026	39,286	10,764	25,507	26,211	101,768

Net Book Value
As at 31 March 2026	4,366	22,186	2,063	9,811	38,426

As at 1 April 2025	8,731	27,733	2,750	12,129	51,343

5. Stocks

	2026	2025
	£	£
Work in progress	4,000	-

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	172,561	156,438
Amounts owed by group undertakings	49,445	20,952
Other debtors	18,680	21,898

	240,686	199,288

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QSP Training Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	332,328	288,572
Other creditors	7,316	11,291
Taxation and social security	76,609	81,274

	416,253	381,137

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	60	60

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