Company Registration No. 03615344 (England and Wales)
Qualserv Consulting Limited
Unaudited accounts
for the year ended 31 December 2019
Qualserv Consulting Limited
Unaudited accounts
Contents
Qualserv Consulting Limited
Company Information
for the year ended 31 December 2019
Company Number
03615344 (England and Wales)
Registered Office
2 COURT DRIVE
STANMORE
MIDDLESEX
HA7 4QH
Accountants
U. Dastidar & Co ,Chartered Certified Accountants
2 Court Drive
Stanmore
Middlesex
HA7 4QH
Qualserv Consulting Limited
Statement of financial position
as at
31 December 2019
Tangible assets
3,879
3,552
Cash at bank and in hand
628,772
570,070
Creditors: amounts falling due within one year
(186,077)
(254,415)
Net current assets
878,000
808,248
Total assets less current liabilities
881,879
811,800
Provisions for liabilities
Net assets
881,140
811,124
Called up share capital
100
100
Profit and loss account
881,040
811,024
Shareholders' funds
881,140
811,124
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 August 2020 and were signed on its behalf by
Mr.A.Chaudhuri
Director
Company Registration No. 03615344
Qualserv Consulting Limited
Notes to the Accounts
for the year ended 31 December 2019
Qualserv Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 03615344. The registered office is 2 COURT DRIVE, STANMORE, MIDDLESEX, HA7 4QH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance basis
Computer equipment
25% on reducing balance basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Qualserv Consulting Limited
Notes to the Accounts
for the year ended 31 December 2019
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2019
514
41,081
41,595
At 31 December 2019
514
42,705
43,219
At 1 January 2019
128
37,915
38,043
Charge for the year
97
1,200
1,297
At 31 December 2019
225
39,115
39,340
At 31 December 2019
289
3,590
3,879
At 31 December 2018
386
3,166
3,552
Trade debtors
432,780
490,046
Accrued income and prepayments
2,525
2,547
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
103,045
166,888
Taxes and social security
71,405
69,410
Other creditors
6,335
8,375
Loans from directors
579
5,079
7
Deferred taxation
2019
2018
Accelerated capital allowances
739
676
Qualserv Consulting Limited
Notes to the Accounts
for the year ended 31 December 2019
Provision at start of year
676
448
Charged to the profit and loss account
63
228
Provision at end of year
739
676
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.
8
Share capital
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Balance at start of year
(5,079)
-
-
(5,079)
Repaid during the year
-
-
(4,500)
4,500
The amount owed to the director .at the year end date, was £579.
10
Transactions with related parties
The amount owed to the director is disclosed in note 10.
11
Average number of employees
During the year the average number of employees was 7 (2018: 6).