QRS Consultancy Limited |
Notes to the Accounts |
for the period from 17 May 2016 to 31 May 2017 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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2 |
Employees |
2017 |
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Number |
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Average number of persons employed by the company |
2 |
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3 |
Debtors |
2017 |
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£ |
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Trade debtors |
13,998 |
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Other debtors |
7,230 |
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21,228 |
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4 |
Creditors: amounts falling due within one year |
2017 |
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£ |
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Corporation tax |
9,786 |
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Other taxes and social security costs |
4,483 |
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Other creditors |
85 |
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14,354 |
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5 |
Loans to directors |
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Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
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Qumula Syed |
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Loan |
- |
|
5,340 |
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- |
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5,340 |
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- |
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5,340 |
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- |
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5,340 |
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The loan was unsecured, interest free and repaid in full. |
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6 |
Controlling party |
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In the opinion of the director, the company is solely controlled by Qumula Syed. |
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7 |
Other information |
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QRS Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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100 Arden Road |
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Acocks Green |
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Birmignham |
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B27 6AG |