AQC Holdings Limited - Period Ending 2022-03-31

AQC Holdings Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 3

AQC Holdings Limited

(Registration number: 11531617)
Balance Sheet as at 31 March 2022

	Note	2022 £	2021 £
Fixed assets
Investments	4	100	100
Current assets
Debtors	5	355,247	353,823
Cash at bank and in hand		802,291	863,633
		1,157,538	1,217,456
Creditors: Amounts falling due within one year	6	(1,621)	(1,801)
Net current assets		1,155,917	1,215,655
Net assets		1,156,017	1,215,755
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,155,917	1,215,655
Shareholders' funds		1,156,017	1,215,755

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 30 June 2022
 

......................................... Mr P F Butterworth Director

AQC Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
585 Oldham Road
Rochdale
Lancashire
OL16 4SU
United Kingdom

These financial statements were authorised for issue by the director on 30 June 2022.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Exemption from preparing group accounts

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

AQC Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

4	Investments

	2022 £	2021 £
Investments in subsidiaries	100	100

Subsidiaries	£
Cost or valuation
At 1 April 2021	100
Provision
Carrying amount
At 31 March 2022	100
At 31 March 2021	100

5

Debtors

	2022 £	2021 £
Other debtors	355,247	353,823
Less non-current portion	-	(350,000)
	355,247	3,823

Details of non-current trade and other debtors

£Nil (2021 -£350,000) of Other debtors is classified as non current.

6

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Due within one year
Accruals and deferred income	1,620	1,801
Other creditors	1	-
	1,621	1,801