Q P MEDIA LTD - Accounts to registrar (filleted) - small 18.2

Q P MEDIA LTD - Accounts to registrar (filleted) - small 18.2

Q P MEDIA LTD - Company Information

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REGISTERED NUMBER: 09516622 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2021

FOR

Q P MEDIA LTD
Q P MEDIA LTD (Registered number: 09516622)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

Q P MEDIA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2021







DIRECTOR: S W Clarke





REGISTERED OFFICE: 1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB





REGISTERED NUMBER: 09516622 (England and Wales)





ACCOUNTANTS: Curtis Accountants Ltd
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Page 1
Q P MEDIA LTD (Registered number: 09516622)

STATEMENT OF FINANCIAL POSITION
31 MAY 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 902 415

CURRENT ASSETS
Inventories 8,000 8,000
Debtors 5 6,506 6,362
Cash at bank 4,530 9,757
19,036 24,119
CREDITORS
Amounts falling due within one year 6 10,416 13,937
NET CURRENT ASSETS 8,620 10,182
TOTAL ASSETS LESS CURRENT
LIABILITIES
9,522
10,597

PROVISIONS FOR LIABILITIES 7 171 79
NET ASSETS 9,351 10,518

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9,350 10,517
SHAREHOLDERS' FUNDS 9,351 10,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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...
Q P MEDIA LTD (Registered number: 09516622)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2021


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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 March 2022 and were signed by:





S W Clarke - Director


The notes form part of these financial statements

Page 3
Q P MEDIA LTD (Registered number: 09516622)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021

1. STATUTORY INFORMATION

Q P MEDIA LTD 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.

There were no material departures from that standard.

The financial statements have been prepared on a going concern basis which assumes that the Company will continue in operational existence for the foreseeable future.

Turnover
Revenue 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.
Equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. PROPERTY, PLANT AND EQUIPMENT
Equipment
£   
COST
At 1 June 2020 738
Additions 789
At 31 May 2021 1,527
DEPRECIATION
At 1 June 2020 323
Charge for year 302
At 31 May 2021 625
NET BOOK VALUE
At 31 May 2021 902
At 31 May 2020 415

Page 4 continued...
Q P MEDIA LTD (Registered number: 09516622)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 5,000 5,000
Prepayments 1,506 1,362
6,506 6,362

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Tax 1,041 3,312
Directors' current accounts 7,415 8,551
Accruals 1,960 2,074
10,416 13,937

7. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 171 79

Deferred
tax
£   
Balance at 1 June 2020 79
Provided during year 92
Balance at 31 May 2021 171

Page 5
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
Q P MEDIA LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Q P MEDIA LTD for the year ended 31 May 2021 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Q P MEDIA LTD in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Q P MEDIA LTD and state those matters that we have agreed to state to the director of Q P MEDIA LTD in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Q P MEDIA LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Q P MEDIA LTD. You consider that Q P MEDIA LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Q P MEDIA LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Curtis Accountants Ltd
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB


10 March 2022

This page does not form part of the statutory financial statements

Page 6