ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-09-302022-09-303No description of principal activity2021-10-01false3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01807409 2021-10-01 2022-09-30 01807409 2020-10-01 2021-09-30 01807409 2022-09-30 01807409 2021-09-30 01807409 c:Director3 2021-10-01 2022-09-30 01807409 d:FurnitureFittings 2021-10-01 2022-09-30 01807409 d:FurnitureFittings 2022-09-30 01807409 d:FurnitureFittings 2021-09-30 01807409 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 01807409 d:CurrentFinancialInstruments 2022-09-30 01807409 d:CurrentFinancialInstruments 2021-09-30 01807409 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 01807409 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 01807409 d:ShareCapital 2022-09-30 01807409 d:ShareCapital 2021-09-30 01807409 d:RetainedEarningsAccumulatedLosses 2022-09-30 01807409 d:RetainedEarningsAccumulatedLosses 2021-09-30 01807409 c:FRS102 2021-10-01 2022-09-30 01807409 c:AuditExempt-NoAccountantsReport 2021-10-01 2022-09-30 01807409 c:FullAccounts 2021-10-01 2022-09-30 01807409 c:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure

Registered number: 01807409

QUILA LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2022

QUILA LIMITED

REGISTERED NUMBER: 01807409

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2022

	2022	2022	2021	2021
Note	£	£	£	£

Fixed assets
Tangible assets	4		172		202
Current assets
Debtors: amounts falling due within one year	5	842		286
Cash at bank and in hand		36,424		40,910
		37,266		41,196
Creditors: amounts falling due within one year	6	(10,476)		(8,037)
Net current assets			26,790		33,159

Net assets			26,962		33,361

Capital and reserves
Called up share capital	100	100
Profit and loss account	26,862	33,261
	26,962	33,361

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Philip Christensen

Director

Date: 27 June 2023

The notes on pages 3 to 5 form part of these financial statements.

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QUILA LIMITED

REGISTERED NUMBER: 01807409

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 SEPTEMBER 2022

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QUILA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

1.	General information

Quila Limited is a private company limited by shares incorporated in the United Kingdom and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is GBP.

The following principal accounting policies have been applied:

2.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures, fittings & equipment

15%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.5

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties.

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QUILA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)

2.6

Creditors

Short term creditors are measured at the transaction price.

2.7

Taxation

Tax is recognised in the Statement of 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 income.

Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

4.	Tangible fixed assets

		Office equipment
		£
	Cost
	At 1 October 2021	3,770
	At 30 September 2022	3,770
	Depreciation
	At 1 October 2021	3,568
	Charge for the year on owned assets	30
	At 30 September 2022	3,598
	Net book value
	At 30 September 2022	172
	At 30 September 2021	202

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QUILA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

Debtors

					2022	2021
					£	£


Trade debtors	(300)	(300)
Other debtors	587	31
Tax recoverable	555	555
	842	286

6.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	3,522	-
Other creditors	3,454	3,287
Accruals	3,500	4,750
	10,476	8,037

7.	Related party transactions
	During the year Mr and Mrs Christensen have provided the company with an interest free loan which is unsecured and repayable on demand. At the reporting date, the amount owed to Mr and Mrs Christensen was £3,454 (2021: £3,287).

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