QME MINING SERVICES LIMITED 30/06/2023 iXBRL

QME MINING SERVICES LIMITED 30/06/2023 iXBRL

QME MINING SERVICES LIMITED - Company Information

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0 30/06/2023 2023-06-30 false false false false true false false false false true true false false false false false false false false true false No description of principal activities is disclosed 2022-07-01 Sage Accounts Production 23.1 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 08230837 2022-07-01 2023-06-30 08230837 2023-06-30 08230837 2022-06-30 08230837 2021-07-01 2022-06-30 08230837 2022-06-30 08230837 2021-06-30 08230837 bus:RegisteredOffice 2022-07-01 2023-06-30 08230837 bus:LeadAgentIfApplicable 2022-07-01 2023-06-30 08230837 bus:Director1 2022-07-01 2023-06-30 08230837 bus:Director2 2022-07-01 2023-06-30 08230837 core:WithinOneYear 2023-06-30 08230837 core:WithinOneYear 2022-06-30 08230837 core:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 08230837 core:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 08230837 core:ShareCapital 2023-06-30 08230837 core:ShareCapital 2022-06-30 08230837 core:RetainedEarningsAccumulatedLosses 2023-06-30 08230837 core:RetainedEarningsAccumulatedLosses 2022-06-30 08230837 core:ShareCapital 2021-06-30 08230837 core:RetainedEarningsAccumulatedLosses 2021-06-30 08230837 bus:SmallEntities 2022-07-01 2023-06-30 08230837 bus:Audited 2022-07-01 2023-06-30 08230837 bus:FullAccounts 2022-07-01 2023-06-30 08230837 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 08230837 bus:EntityNoLongerTradingButTradedInPast 2022-07-01 2023-06-30 08230837 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08230837 core:AllAssociates 2022-07-01 2023-06-30 08230837 1 2022-07-01 2023-06-30
Company registration number: 08230837
QME MINING SERVICES LIMITED
Filleted financial statements
30 June 2023
QME MINING SERVICES LIMITED
Contents
Directors and other information
Directors responsibilities statement
Statement of financial position
Statement of changes in equity
Notes to the financial statements
QME MINING SERVICES LIMITED
Directors and other information
Directors Peter McParland
Brenda McParland
Company number 08230837
Registered office C/O Simmons Gainsford LLP
7/10 Chandos Street
Cavendish Square
London
W1G 9DQ
Auditor McDaid McCullough Moore
28-32 Clarendon Street
Derry
N. Ireland
BT48 7HD
Bankers Allied Irish Bank (GB)
Mayfair
10 Berkeley Square
London
W1J 6AA
QME MINING SERVICES LIMITED
Directors responsibilities statement
Year ended 30 June 2023
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
QME MINING SERVICES LIMITED
Statement of financial position
30 June 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 4 42,458 42,458
Cash at bank and in hand - 330
_______ _______
42,458 42,788
Creditors: amounts falling due
within one year 5 ( 4,723) ( 5,044)
_______ _______
Net current assets 37,735 37,744
_______ _______
Total assets less current liabilities 37,735 37,744
_______ _______
Net assets 37,735 37,744
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 37,635 37,644
_______ _______
Shareholders funds 37,735 37,744
_______ _______
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 March 2024 , and are signed on behalf of the board by:
Peter McParland
Director
Company registration number: 08230837
QME MINING SERVICES LIMITED
Statement of changes in equity
Year ended 30 June 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2021 100 37,684 37,784
Loss for the year ( 40) ( 40)
_______ _______ _______
Total comprehensive income for the year - ( 40) ( 40)
_______ _______ _______
At 30 June 2022 and 1 July 2022 100 37,644 37,744
Loss for the year ( 9) ( 9)
_______ _______ _______
Total comprehensive income for the year - ( 9) ( 9)
_______ _______ _______
At 30 June 2023 100 37,635 37,735
_______ _______ _______
QME MINING SERVICES LIMITED
Notes to the financial statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is C/O Simmons Gainsford LLP, 7/10 Chandos Street, Cavendish Square, London, W1G 9DQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement policy
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year or prior year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Debtors
2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 42,304 42,304
Other debtors 154 154
_______ _______
42,458 42,458
_______ _______
5. Creditors: amounts falling due within one year
2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 4,723 5,044
_______ _______
6. Summary audit opinion
The auditor's report for the year dated 28 March 2024 was unqualified.
The senior statutory auditor was Gerard McQuillan for and on behalf of McDaid McCullough Moore
7. Related party transactions
QME Mining Services Limited is a 100% subsidiary of Quarry & Mining Equipment Limited. Debtors include a balance of £42,304 (30 June 2022 - £42,304) due from Quarry & Mining Equipment Limited.QME Mining Services (NI) Limited, is also a 100% subsidiary of Quarry & Mining Equipment Limited. Creditors include a balance of £4,723 (30 June 2022 - £5,044) due to QME Mining Services (NI) Limited.
8. Controlling party
The directors of Quarry & Mining Equipment Limited, the parent company, are considered to be the company's controlling party.