Quality Control Solutions Limited Filleted accounts for Companies House (small and micro)

Quality Control Solutions Limited Filleted accounts for Companies House (small and micro)

QUALITY CONTROL SOLUTIONS LIMITED - Company Information

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5 false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 20,433 20,433 xbrli:pure xbrli:shares iso4217:GBP 03685281 2022-01-01 2022-12-31 03685281 2022-12-31 03685281 2021-01-01 2021-12-31 03685281 2021-12-31 03685281 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 03685281 bus:Director1 2022-01-01 2022-12-31 03685281 core:WithinOneYear 2022-12-31 03685281 core:WithinOneYear 2021-12-31 03685281 core:ShareCapital 2022-12-31 03685281 core:ShareCapital 2021-12-31 03685281 core:RetainedEarningsAccumulatedLosses 2022-12-31 03685281 core:RetainedEarningsAccumulatedLosses 2021-12-31 03685281 core:AfterOneYear 2022-12-31 03685281 core:AfterOneYear 2021-12-31 03685281 bus:SmallEntities 2022-01-01 2022-12-31 03685281 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 03685281 bus:FullAccounts 2022-01-01 2022-12-31 03685281 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 03685281 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 03685281 bus:OrdinaryShareClass1 2022-12-31 03685281 bus:OrdinaryShareClass1 2021-12-31 03685281 core:OfficeEquipment 2022-01-01 2022-12-31 03685281 core:OfficeEquipment 2022-12-31
COMPANY REGISTRATION NUMBER: 03685281
Quality Control Solutions Limited
Filleted Unaudited Financial Statements
31 December 2022
Quality Control Solutions Limited
Financial Statements
Year ended 31 December 2022
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Quality Control Solutions Limited
Statement of Financial Position
31 December 2022
2022
2021
Note
£
£
£
£
Current assets
Debtors
6
48,803
39,817
Cash at bank and in hand
113
21,166
--------
--------
48,916
60,983
Creditors: amounts falling due within one year
7
86,215
82,001
--------
--------
Net current liabilities
37,299
21,018
--------
--------
Total assets less current liabilities
( 37,299)
( 21,018)
--------
--------
Net liabilities
( 37,299)
( 21,018)
--------
--------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
( 37,399)
( 21,118)
--------
--------
Shareholders deficit
( 37,299)
( 21,018)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 September 2032 , and are signed on behalf of the board by:
N W Sullivan Director
Company registration number: 03685281
Quality Control Solutions Limited
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Church Green East, Redditch, Worcestershire, B98 8BT. The place of business is 4a Fosseway Business Park, Stratford Road, Moreton in Marsh, Gloucestershire, GL56 9NQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents the fair value of services provided to the extent that there is a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment
-
100% straight line
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2021: 5 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 January 2022 and 31 December 2022
20,433
20,433
--------
--------
Depreciation
At 1 January 2022 and 31 December 2022
20,433
20,433
--------
--------
Carrying amount
At 31 December 2022
–
–
--------
--------
At 31 December 2021
–
–
--------
--------
6. Debtors
2022
2021
£
£
Trade debtors
39,800
34,016
Other debtors
9,003
5,801
--------
--------
48,803
39,817
--------
--------
The debtors above include the following amounts falling due after more than one year:
2022
2021
£
£
Other debtors
5,708
2,475
-------
-------
7. Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
24,573
27,500
Trade creditors
9,693
6,895
Social security and other taxes
11,512
10,609
Other creditors
40,437
36,997
--------
--------
86,215
82,001
--------
--------
8. Called up share capital
Issued, called up and fully paid
2022
2021
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
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