The Quality Assurance Service Co Limited - Accounts to registrar (filleted) - small 18.2
The Quality Assurance Service Co Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2019 |
| for |
| THE QUALITY ASSURANCE SERVICE |
| CO LIMITED |
| THE QUALITY ASSURANCE SERVICE |
| CO LIMITED (REGISTERED NUMBER: 03230676) |
| Contents of the Financial Statements |
| for the year ended 31 December 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| THE QUALITY ASSURANCE SERVICE |
| CO LIMITED |
| Company Information |
| for the year ended 31 December 2019 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Northern Assurance Buildings |
| 9-21 Princess Street |
| Manchester |
| M2 4DN |
| THE QUALITY ASSURANCE SERVICE |
| CO LIMITED (REGISTERED NUMBER: 03230676) |
| Balance Sheet |
| 31 December 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 5 |
| Investments | 6 |
| Current assets |
| Debtors | 7 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 8 |
| Net current assets |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital | 9 |
| Retained earnings |
| Shareholders' funds |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| THE QUALITY ASSURANCE SERVICE |
| CO LIMITED (REGISTERED NUMBER: 03230676) |
| Notes to the Financial Statements |
| for the year ended 31 December 2019 |
| 1. | Statutory information |
| The Quality Assurance Service Co Limited is a |
| 2. | Statement of compliance |
| 3. | Accounting policies |
| Basis of preparing the financial statements |
| 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 |
| Computer equipment | - |
| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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. |
| THE QUALITY ASSURANCE SERVICE |
| CO LIMITED (REGISTERED NUMBER: 03230676) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2019 |
| 3. | Accounting policies - continued |
| Debtors and creditors receivable / payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss Account in administrative expenses. |
| Loans and borrowings |
| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. |
| 4. | Employees and directors |
| The average number of employees during the year was |
| 5. | Tangible fixed assets |
| Computer |
| equipment |
| £ |
| Cost |
| At 1 January 2019 |
| and 31 December 2019 |
| Depreciation |
| At 1 January 2019 |
| and 31 December 2019 |
| Net book value |
| At 31 December 2019 |
| At 31 December 2018 |
| 6. | Fixed asset investments |
| Shares in |
| group |
| undertakings |
| £ |
| Cost |
| At 1 January 2019 |
| and 31 December 2019 |
| Net book value |
| At 31 December 2019 |
| At 31 December 2018 |
| 7. | Debtors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Amounts owed by associates |
| Other debtors |
| THE QUALITY ASSURANCE SERVICE |
| CO LIMITED (REGISTERED NUMBER: 03230676) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2019 |
| 8. | Creditors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 8,000 | 8,000 |
| Allotted and issued: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| A Ordinary shares | £1 | 3,200 | 3,200 |
| 10. | Capital commitments |
| At the year end The Quality Assurance Service Co Limited is committed to provide a subordinated loan of £150,000. |
| 11. | Directors' advances, credits and guarantees |
| The following advances and credits to directors subsisted during the year ended 31 December 2019 |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of year | 3,975 | 82,635 |
| Amounts advanced | 200,628 | 0 |
| Amount repaid | 1,589 | 86,610 |
| Balance outstanding at the year end | 195,064 | 3,975 |
| The above loans are interest free and repayable on demand. |