N.C.Q. Consulting Limited - Accounts to registrar (filleted) - small 18.2

N.C.Q. Consulting Limited - Accounts to registrar (filleted) - small 18.2

N.C.Q. CONSULTING LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.3.0.228 04497107 Board of Directors 1.10.19 30.9.20 30.9.20 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure044971072019-09-30044971072020-09-30044971072019-10-012020-09-30044971072018-09-30044971072018-10-012019-09-30044971072019-09-3004497107ns16:EnglandWales2019-10-012020-09-3004497107ns15:PoundSterling2019-10-012020-09-3004497107ns11:Director12019-10-012020-09-3004497107ns11:PrivateLimitedCompanyLtd2019-10-012020-09-3004497107ns11:SmallEntities2019-10-012020-09-3004497107ns11:AuditExempt-NoAccountantsReport2019-10-012020-09-3004497107ns11:SmallCompaniesRegimeForDirectorsReport2019-10-012020-09-3004497107ns11:SmallCompaniesRegimeForAccounts2019-10-012020-09-3004497107ns11:FullAccounts2019-10-012020-09-3004497107ns11:OrdinaryShareClass12019-10-012020-09-3004497107ns11:Director22019-10-012020-09-3004497107ns11:RegisteredOffice2019-10-012020-09-3004497107ns6:CurrentFinancialInstruments2020-09-3004497107ns6:CurrentFinancialInstruments2019-09-3004497107ns6:ShareCapital2020-09-3004497107ns6:ShareCapital2019-09-3004497107ns6:RevaluationReserve2020-09-3004497107ns6:RevaluationReserve2019-09-3004497107ns6:RetainedEarningsAccumulatedLosses2020-09-3004497107ns6:RetainedEarningsAccumulatedLosses2019-09-3004497107ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-09-3004497107ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-09-3004497107ns6:DeferredTaxation2019-09-3004497107ns6:DeferredTaxation2020-09-3004497107ns11:OrdinaryShareClass12020-09-3004497107ns6:RetainedEarningsAccumulatedLosses2019-09-3004497107ns6:RevaluationReserve2019-09-3004497107ns6:RetainedEarningsAccumulatedLosses2019-10-012020-09-30
REGISTERED NUMBER: 04497107 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 September 2020

for

N.C.Q. Consulting Limited
N.C.Q. Consulting Limited (Registered number: 04497107)






Contents of the Financial Statements
for the Year Ended 30 September 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N.C.Q. Consulting Limited

Company Information
for the Year Ended 30 September 2020







DIRECTORS: Mr L R Haynes
Ms C Hogg





REGISTERED OFFICE: The Old Boardroom, Collett Road
Ware
Hertfordshire
SG12 7LR





REGISTERED NUMBER: 04497107 (England and Wales)





ACCOUNTANTS: DSCO
The Old Boardroom
Collett Road
Ware
Hertfordshire
SG12 7LR
Page 1
N.C.Q. Consulting Limited (Registered number: 04497107)

Balance Sheet
30 September 2020

30.9.20 30.9.19
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 230,000 230,000

CURRENT ASSETS
Debtors 5 225,242 19,645
Cash at bank 66,891 189,758
292,133 209,403
CREDITORS
Amounts falling due within one year 6 20,771 19,140
NET CURRENT ASSETS 271,362 190,263
TOTAL ASSETS LESS CURRENT
LIABILITIES
501,362
420,263

PROVISIONS FOR LIABILITIES 7 10,794 10,794
NET ASSETS 490,568 409,469

CAPITAL AND RESERVES
Called up share capital 8 2 2
Non-distributable reserves 9 46,016 46,016
Retained earnings 9 444,550 363,451
SHAREHOLDERS' FUNDS 490,568 409,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 notes form part of these financial statements

Page 2 continued...
N.C.Q. Consulting Limited (Registered number: 04497107)

Balance Sheet - continued
30 September 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 17 March 2021 and were signed on its behalf by:





Ms C Hogg - Director


The notes form part of these financial statements

Page 3
N.C.Q. Consulting Limited (Registered number: 04497107)

Notes to the Financial Statements
for the Year Ended 30 September 2020

1. STATUTORY INFORMATION

N.C.Q. Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

Page 4 continued...
N.C.Q. Consulting Limited (Registered number: 04497107)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2019
and 30 September 2020 230,000
NET BOOK VALUE
At 30 September 2020 230,000
At 30 September 2019 230,000

Fair value at 30 September 2020 is represented by:

£   
Valuation in 2017 56,810
Cost 173,190
230,000

The directors have considered the general market conditions of commercial property, including researching sold properties in the surrounding area. The directors believe that the value included for the Investment Property is a reasonable estimate of it's Fair Value as at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Other debtors 23 207
Loans receivable 150,000 -
Loan to West Quay Cars 75,219 19,438
225,242 19,645

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Tax 19,113 17,662
Directors' current accounts 698 398
Accrued expenses 960 1,080
20,771 19,140

7. PROVISIONS FOR LIABILITIES
30.9.20 30.9.19
£    £   
Deferred tax 10,794 10,794

Page 5 continued...
N.C.Q. Consulting Limited (Registered number: 04497107)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2019 10,794
Deferred tax movement on
investment property
Balance at 30 September 2020 10,794

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.20 30.9.19
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 October 2019 363,451 46,016 409,467
Profit for the year 81,099 81,099
At 30 September 2020 444,550 46,016 490,566

10. RELATED PARTY DISCLOSURES

West Quay Cars (Southampton) Limited

Mr Haynes and Ms Hogg are shareholders


During the year the Company charged West Quay Cars (Southampton) Limited £42,000 (2019: £42,000) in
respect of rent, and £80,000 (2019: £80,000) in respect of management charges.

The Company is owed from West Quay Cars (Southampton) Limited £75,219 at 30th September 2020 (2019:
£19,438).

Page 6