Expertqs Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07765403 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2021

for

Expertqs Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,098

1,073

CURRENT ASSETS

Debtors

5

246,531

241,930

Cash at bank

78,170

29,498

324,701

271,428

CREDITORS

Amounts falling due within one year

6

52,047

68,978

NET CURRENT ASSETS

272,654

202,450

TOTAL ASSETS LESS CURRENT LIABILITIES

273,752

203,523

PROVISIONS FOR LIABILITIES

209

204

NET ASSETS

273,543

203,319

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

273,443

203,219

273,543

203,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 June 2021 and were signed on its behalf by:

G A Bushell - Director

1.	STATUTORY INFORMATION

Expertqs 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:

07765403

Registered office:

Woodside

High Borrans

Windermere

LA23 1JS

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.

Plant and machinery etc

-

20% on cost

Taxation

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

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 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2020

8,201

Additions

324

At 30 April 2021

8,525

DEPRECIATION

At 1 May 2020

7,128

Charge for year

299

At 30 April 2021

7,427

NET BOOK VALUE

At 30 April 2021

1,098

At 30 April 2020

1,073

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade debtors

26,694

23,018

Other debtors

219,837

218,912

246,531

241,930

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade creditors

239

1,530

Taxation and social security

50,692

62,329

Other creditors

1,116

5,119

52,047

68,978

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2021 and 30 April 2020:

30.4.21

30.4.20

£

£

G A Bushell

Balance outstanding at start of year

80,600

42,478

Amounts advanced

2,113

78,226

Amounts repaid

(156

)

(40,104

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

82,557

80,600

J A Bushell

Balance outstanding at start of year

80,599

42,477

Amounts advanced

2,113

78,226

Amounts repaid

(156

)

(40,104

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

82,556

80,599