Quills Office Solutions Group Limited - Period Ending 2023-07-31
Quills Office Solutions Group Limited - Period Ending 2023-07-31
Registration number:
Quills Office Solutions Group Limited
for the Year Ended 31 July 2023
Quills Office Solutions Group Limited
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Quills Office Solutions Group Limited
Company Information
Directors |
A Efstathiou A M Benbow T C Davinson |
Registered office |
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Accountants |
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Quills Office Solutions Group Limited
(Registration number: 09328436)
Statement of Financial Position as at 31 July 2023
Note |
2023 |
2022 |
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Non-current assets |
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Investments |
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Current assets |
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Receivables |
- |
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Payables: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
( |
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Net assets |
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Equity |
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Called up share capital |
234 |
234 |
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Retained earnings |
- |
15,950 |
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Shareholders' funds |
234 |
16,184 |
For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - small entities.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income statement.
The financial statements of Quills Office Solutions Group Limited were approved and authorised for issue by the
.........................................
Director
Quills Office Solutions Group Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2023
General information |
Quills Office Solutions Group Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.
Accounting policies |
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.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Group accounts not prepared
Critical judgements and key sources of estimation uncertainties
There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.
Quills Office Solutions Group Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2023 (continued)
2 |
Accounting policies (continued) |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Receivables
Receivables are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Payables
Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Financial instruments
Quills Office Solutions Group Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2023 (continued)
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Taxation |
Tax charged/(credited) in the income statement
2023 |
2022 |
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Tax expense in the income statement |
- |
- |
Investments |
2023 |
2022 |
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Investments in subsidiaries |
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Investments in joint ventures |
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Subsidiaries |
£ |
Cost or valuation |
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Additions |
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Provision |
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Carrying amount |
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At 31 July 2023 |
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At 31 July 2022 |
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Quills Office Solutions Group Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2023 (continued)
5 |
Investments (continued) |
Joint ventures |
£ |
Cost |
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At 1 August 2022 |
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Additions |
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At 31 July 2023 |
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Provision |
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Carrying amount |
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At 31 July 2023 |
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At 31 July 2022 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2023 |
2022 |
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Subsidiary undertakings |
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Salatin House, 19 Cedar Road, Sutton, Surrey SM2 5DA England and Wales |
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Salatin House, 19 Cedar Road, Sutton, Surrey SM2 5DA England and Wales |
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Joint ventures |
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Salatin House, 19 Cedar Road, Sutton, Surrey SM2 5DA |
Ordinary shares of £1 |
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England and Wales |
Quills Office Solutions Group Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2023 (continued)
5 |
Investments (continued) |
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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Salatin House, 19 Cedar Road, Sutton, Surrey SM2 5DA |
Ordinary shares of £1 each |
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England and Wales |
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Salatin House, 19 Cedar Road, Sutton, Surrey SM2 5DA |
Ordinary shares of £1 each |
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England and Wales |
Subsidiary undertakings |
Quills Office Supplies Limited The principal activity of Quills Office Supplies Limited is |
Quills Document Management Limited The principal activity of Quills Document Management Limited is |
Joint ventures |
Safer Shared Spaces Limited The principal activity of Safer Shared Spaces Limited is |
Quills-Limpio MPS Limited The principal activity of Quills-Limpio MPS Limited is |
Quills FM Limited The principal activity of Quills FM Limited is |
Quills Office Solutions Group Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2023 (continued)
Receivables |
2023 |
2022 |
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Other receivables |
- |
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- |
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Payables |
Payables: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Other payables |
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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128 |
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128 |
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78 |
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78 |
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28 |
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28 |
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The Ordinary A, B and C shares rank pari passu except that the director may at any time resolve to declare a dividend on one or other class of shares and not on one or other class.