Quadratica (UK) Limited - Accounts to registrar (filleted) - small 18.2

Quadratica (UK) Limited - Accounts to registrar (filleted) - small 18.2

QUADRATICA (UK) LIMITED - Company Information

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REGISTERED NUMBER: 05233634 (England and Wales)















QUADRATICA (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020






QUADRATICA (UK) LIMITED (REGISTERED NUMBER: 05233634)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


QUADRATICA (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTORS: C I Grey
B Holt
G M Ramsden





REGISTERED OFFICE: Europarc Innovation Centre
Innovation Way
Grimsby
South Humberside
DN37 9TT





REGISTERED NUMBER: 05233634 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
15 Chequergate
Louth
Lincolnshire
LN11 0LJ
Page 1
QUADRATICA (UK) LIMITED (REGISTERED NUMBER: 05233634)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,815 4,697
Investments 5 1 1
3,816 4,698

CURRENT ASSETS
Debtors 6 582,602 618,388
Cash at bank and in hand 516,412 231,713
1,099,014 850,101
CREDITORS
Amounts falling due within one year 7 571,125 371,088
NET CURRENT ASSETS 527,889 479,013
TOTAL ASSETS LESS CURRENT LIABILITIES 531,705 483,711

CAPITAL AND RESERVES
Called up share capital 231 285
Share premium 149,821 149,821
Capital redemption reserve 229 175
Retained earnings 381,424 333,430
531,705 483,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 29 January 2021 and were signed on its behalf by:





B Holt - Director


The notes form part of these financial statements

Page 2
QUADRATICA (UK) LIMITED (REGISTERED NUMBER: 05233634)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

1. STATUTORY INFORMATION

Quadratica (Uk) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc. - 25% on cost

Government grants
Grants are recognised as income in the period in which they become receivable.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2019 - 9 ) .

Page 3 continued...
QUADRATICA (UK) LIMITED (REGISTERED NUMBER: 05233634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2020 37,665
Additions 1,019
At 31 December 2020 38,684
DEPRECIATION
At 1 January 2020 32,968
Charge for year 1,901
At 31 December 2020 34,869
NET BOOK VALUE
At 31 December 2020 3,815
At 31 December 2019 4,697

Tangible fixed assets are shown at cost less the depreciation stipulated

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2020
and 31 December 2020 1
NET BOOK VALUE
At 31 December 2020 1
At 31 December 2019 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 161,981 141,453
Amounts owed by group undertakings 392,828 396,029
Other debtors 27,793 80,906
582,602 618,388

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 7,793 24,747
Taxation and social security 31,295 28,066
Other creditors 532,037 318,275
571,125 371,088

Page 4 continued...
QUADRATICA (UK) LIMITED (REGISTERED NUMBER: 05233634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020

8. RELATED PARTY DISCLOSURES

During the year the company received money and made payments on behalf of Quadratica Training Limited, a company in which B Holt, C Grey and G Ramsden are also directors, totalling £3,201 (2019 - £1,252). At the end of the year £392,828 (2019 - £396,029) was owed by Quadratica Training Limited.

Incuded in trade creditors is a balance of £4886.00 relating to trading activity with Quadratica Training Limited.

Quadratica (UK) Limited owns 100% of the shareholding in Quadratica Training Limited.

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