Company Registration No. 11946796 (England and Wales)
QI Refurbs and Contracts Ltd
Unaudited accounts
for the year ended 31 August 2022
QI Refurbs and Contracts Ltd
Unaudited accounts
Contents
QI Refurbs and Contracts Ltd
Company Information
for the year ended 31 August 2022
Directors
Calvin Boden
Jason Palmer
Carol Boden
Company Number
11946796 (England and Wales)
Registered Office
Unit 6 BDC
Stafford Park 4
Telford
Shropshire
TF3 3BA
England
QI Refurbs and Contracts Ltd
Statement of financial position
as at 31 August 2022
Tangible assets
88,930
30,290
Cash at bank and in hand
64,087
53,944
Creditors: amounts falling due within one year
(202,849)
(79,911)
Net current (liabilities)/assets
(9,979)
41,468
Total assets less current liabilities
78,951
71,758
Creditors: amounts falling due after more than one year
(61,463)
(44,349)
Profit and loss account
17,488
27,409
Shareholders' funds
17,488
27,409
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2022 and were signed on its behalf by
Calvin Boden
Director
Company Registration No. 11946796
QI Refurbs and Contracts Ltd
Notes to the Accounts
for the year ended 31 August 2022
QI Refurbs and Contracts Ltd is a private company, limited by shares, registered in England and Wales, registration number 11946796. The registered office is Unit 6 BDC, Stafford Park 4, Telford, Shropshire, TF3 3BA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2021
442
39,678
2,742
42,862
Additions
12,770
58,840
-
71,610
At 31 August 2022
13,212
98,518
2,742
114,472
At 1 September 2021
187
10,761
1,624
12,572
Charge for the year
1,661
10,369
940
12,970
At 31 August 2022
1,848
21,130
2,564
25,542
At 31 August 2022
11,364
77,388
178
88,930
At 31 August 2021
255
28,917
1,118
30,290
Amounts falling due within one year
Trade debtors
128,783
67,435
QI Refurbs and Contracts Ltd
Notes to the Accounts
for the year ended 31 August 2022
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
5,414
6,250
Obligations under finance leases and hire purchase contracts
4,824
-
Trade creditors
149,662
29,959
Taxes and social security
8,198
8,343
Loans from directors
(710)
(7,908)
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
24,111
-
Taxes and social security
-
2,474
8
Average number of employees
During the year the average number of employees was 7 (2021: 5).
