QRS Consultancy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10183590 (England and Wales)

QRS Consultancy Limited

Unaudited Financial Statements for the Year Ended 31 May 2019

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

12,623

-

CURRENT ASSETS

Debtors

5

12,782

28,428

Cash at bank and in hand

17,757

3,846

30,539

32,274

CREDITORS

Amounts falling due within one year

6

(16,211

)

(16,215

)

NET CURRENT ASSETS

14,328

16,059

TOTAL ASSETS LESS CURRENT LIABILITIES

26,951

16,059

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

26,851

15,959

26,951

16,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 25 February 2020 and were signed by:

Qumula Rani Syed - Director

1.	STATUTORY INFORMATION

QRS Consultancy Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address are as below:

Registered number:

10183590

Registered office:

100 Arden Road

Acocks Green

Birmignham

West Midlands

B27 6AG

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 the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Fixtures and fittings

-

18% on reducing balance

Taxation

Current tax is recognised at the amount of tax payable using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

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 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

Additions

9,000

3,979

12,979

At 31 May 2019

9,000

3,979

12,979

DEPRECIATION

Charge for year

75

281

356

At 31 May 2019

75

281

356

NET BOOK VALUE

At 31 May 2019

8,925

3,698

12,623

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

12,390

Other debtors

12,782

16,038

12,782

28,428

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

14,462

16,215

Other creditors

1,749

-

16,211

16,215

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2019

and 31 May 2018:

2019

2018

£

£

Qumula Rani Syed

Balance outstanding at start of year

10,593

5,340

Amounts advanced

-

5,253

Amounts repaid

(10,593

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

10,593

The loan was unsecured, interest free and repaid in full.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Qumula Rani Syed.