QRS Consultancy Limited - Filleted accounts

QRS Consultancy Limited - Filleted accounts

QRS CONSULTANCY LIMITED - Company Information

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Registered number
10183590
QRS Consultancy Limited
Unaudited Filleted Accounts
31 May 2018
QRS Consultancy Limited
Registered number: 10183590
Balance Sheet
as at 31 May 2018
Notes 2018 2017
£ £
Current assets
Debtors 3 28,428 21,228
Cash at bank and in hand 3,846 765
32,274 21,993
Creditors: amounts falling due within one year 4 (16,215) (14,354)
Net current assets 16,059 7,639
Net assets 16,059 7,639
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,959 7,539
Shareholder's funds 16,059 7,639
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Qumula Syed
Director
Approved by the board on 30 August 2018
QRS Consultancy Limited
Notes to the Accounts
for the year ended 31 May 2018
1 Accounting policies
Basis of preparation
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).
Turnover
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2018 2017
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2018 2017
£ £
Trade debtors 12,390 13,998
Other debtors 16,038 7,230
28,428 21,228
4 Creditors: amounts falling due within one year 2018 2017
£ £
Taxation and social security costs 16,215 14,269
Other creditors - 85
16,215 14,354
5 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Qumula Syed
Loan 5,340 5,253 - 10,593
5,340 5,253 - 10,593
The loan was unsecured, interest free and repaid in full.
6 Controlling party
In the opinion of the director, the company is solely controlled by Qumula Syed.
7 Other information
QRS Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is:
100 Arden Road
Acocks Green
Birmignham
B27 6AG
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