Quadrum Bars Payroll Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09024164 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2020

for

Quadrum Bars Payroll Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Richards

REGISTERED OFFICE:

3 Park Square

Leeds

West Yorkshire

LS1 2NE

REGISTERED NUMBER:

09024164 (England and Wales)

ACCOUNTANTS:

Charles Stewart & Co Limited

Chartered Accountants

3 Park Square

Leeds

LS1 2NE

CURRENT ASSETS

Debtors

4

274,608

239,589

Cash at bank

1,307

3,006

275,915

242,595

CREDITORS

Amounts falling due within one year

5

274,679

241,736

NET CURRENT ASSETS

1,236

859

TOTAL ASSETS LESS CURRENT LIABILITIES

1,236

859

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,136

759

SHAREHOLDERS' FUNDS

1,236

859

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2021 and were signed by:

G Richards - Director

1.	STATUTORY INFORMATION

Quadrum Bars Payroll 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2019 - 16 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Trade debtors

257,677

226,216

Amounts owed by group undertakings

16,931

13,373

274,608

239,589

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Amounts owed to group undertakings

266,573

234,173

Tax

150

150

Social security and other taxes

4,456

3,513

Accrued expenses

3,500

3,900

274,679

241,736

6.	RELATED PARTY DISCLOSURES

At 31st October 2020 the company was owed an amount of £236,573 (2019: £234,173) from Quadrum Leisure Limited.

At 31st October 2020 the company owed the following, £14,841 (2019: £11,283) to Quadrum Leisure (Sheffield) Limited, £2,090 (2019: £2,090) to NRich Interior Design Limited and £30,000 (2019: £Nil) to GJG Bars Limited.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Richards.

8.	IMMEDIATE PARENT UNDERTAKING

The ultimate parent undertaking is GJG Bars Limited.