Qualitas Consortium UK Limited - Accounts to registrar (filleted) - small 18.2

Qualitas Consortium UK Limited - Accounts to registrar (filleted) - small 18.2

QUALITAS CONSORTIUM UK LIMITED - Company Information

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REGISTERED NUMBER: 09730277 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

QUALITAS CONSORTIUM UK LIMITED
QUALITAS CONSORTIUM UK LIMITED (REGISTERED NUMBER: 09730277)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018










Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4 to 6


QUALITAS CONSORTIUM UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2018







DIRECTORS: Mrs M G Dixon
Mr S J Burrows
Mr P M Haynes





REGISTERED OFFICE: 57 London Road
High Wycombe
Buckinghamshire
HP11 1BS





REGISTERED NUMBER: 09730277 (England and Wales)





ACCOUNTANTS: Seymour Taylor Audit Limited
57 London Road
High Wycombe
Buckinghamshire
HP11 1BS
Page 1
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
QUALITAS CONSORTIUM UK LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Statement of Financial Position. Readers are cautioned that the Income
Statement and certain other primary statements and the Report of the Directors are not required to be
filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval
the financial statements of Qualitas Consortium UK Limited for the year ended 30 June 2018 which comprise
the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes
from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Qualitas Consortium UK Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Qualitas Consortium UK Limited and state those matters that we have agreed to state to the Board of Directors of Qualitas Consortium UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Qualitas Consortium UK Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Qualitas Consortium UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Qualitas Consortium UK Limited. You consider that Qualitas Consortium UK 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 financial statements of Qualitas Consortium UK 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 statutory financial statements.






Seymour Taylor Audit Limited
57 London Road
High Wycombe
Buckinghamshire
HP11 1BS


29 April 2019

This page does not form part of the statutory financial statements

Page 2
QUALITAS CONSORTIUM UK LIMITED (REGISTERED NUMBER: 09730277)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,500 -

CURRENT ASSETS
Debtors 5 236,522 81,808
Cash at bank 191,340 76,099
427,862 157,907
CREDITORS
Amounts falling due within one year 6 248,755 105,343
NET CURRENT ASSETS 179,107 52,564
TOTAL ASSETS LESS CURRENT
LIABILITIES
181,607
52,564

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 181,507 52,464
SHAREHOLDERS' FUNDS 181,607 52,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 April 2019 and were signed on its
behalf by:





Mrs M G Dixon - Director


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

Page 3
QUALITAS CONSORTIUM UK LIMITED (REGISTERED NUMBER: 09730277)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018


1. GENERAL INFORMATION

Qualitas Consortium UK Limited is a private company limited by shares and incorporated in England
and Wales. The address of the company's registered office is 57 London Road, High Wycombe,
Buckinghamshire, HP11 1BS. The company has no fixed trading address, operations are managed
and controlled in New Zealand. The registered number is 09730277.

The principal activity of the company is that of consultancy services.

The presentation currency of these financial statements is Sterling (£), being the currency of the
primary economic market in which the entity operates (its functional currency). All amounts in these
financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of consideration received or receivable for services provided,
net of value added tax.

Turnover from the rendering of services is recognised when the outcome of a transaction can be
estimated reliably and turnover associated with this transaction shall be recognised when the work has
been carried out.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - straight line - 33%

Financial instruments
The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12
"Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument
is any contract that evidences a residual interest in the assets of the company after deducting all of its
liabilities.

Taxation
The company is treaty non-resident and therefore no corporation tax liability arises in the United
Kingdom, the company is liable to tax in New Zealand.

Foreign currencies
Transactions denominated in foreign currencies are translated into Sterling at the rate of exchange
ruling at the date of the transaction. Monetary assets and liabilities at the period end denominated in a
foreign currency are translated into Sterling at the rate of exchange ruling at the balance sheet date.
Exchange differences are taken into account when arriving at the operating profit.

Page 4
QUALITAS CONSORTIUM UK LIMITED (REGISTERED NUMBER: 09730277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 3,750
At 30 June 2018 3,750
DEPRECIATION
Charge for year 1,250
At 30 June 2018 1,250
NET BOOK VALUE
At 30 June 2018 2,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 232,847 81,808
Prepayments and accrued income 3,675 -
236,522 81,808

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 74,733 -
Foreign tax liability - 20,402
Social security and other taxes 26,158 -
VAT 43,752 27,969
Other creditors 16,905 -
Pension control account 4,313 -
Directors' current accounts 78,966 -
Accruals and deferred income 3,928 56,972
248,755 105,343

Page 5
QUALITAS CONSORTIUM UK LIMITED (REGISTERED NUMBER: 09730277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018


7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

On 1 July 2018, 100 Ordinary shares were issued and paid with a premium of £683

Page 6