Quartz Electrical Services Ltd - Accounts to registrar (filleted) - small 23.2.5

Quartz Electrical Services Ltd - Accounts to registrar (filleted) - small 23.2.5

QUARTZ ELECTRICAL SERVICES LTD - Company Information

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REGISTERED NUMBER: 09959855 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Quartz Electrical Services Ltd
Quartz Electrical Services Ltd (Registered number: 09959855)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Quartz Electrical Services Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTOR: S Wainwright





REGISTERED OFFICE: 4 Strawberry Lane Industrial Estate
Strawberry Lane
WILLENHALL
West Midlands
WV13 3RS





REGISTERED NUMBER: 09959855 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT
Page 1
Quartz Electrical Services Ltd (Registered number: 09959855)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,095 504

CURRENT ASSETS
Debtors 5 22,473 22,458
Cash at bank and in hand 720 3,012
23,193 25,470
CREDITORS
Amounts falling due within one year 6 9,882 8,809
NET CURRENT ASSETS 13,311 16,661
TOTAL ASSETS LESS CURRENT
LIABILITIES
14,406
17,165

CAPITAL AND RESERVES
Called up share capital 7 20,000 20,000
Retained earnings (5,594 ) (2,835 )
SHAREHOLDERS' FUNDS 14,406 17,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2023 and were signed by:





S Wainwright - Director


The notes form part of these financial statements

Page 2
Quartz Electrical Services Ltd (Registered number: 09959855)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Quartz Electrical Services Ltd 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.

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 have also been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions which have taken place under normal market conditions.

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

Income recognition
Income is recognised when a contract for sale of goods is determined as unconditional.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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 balance sheet date.


Page 3 continued...
Quartz Electrical Services Ltd (Registered number: 09959855)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued
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.

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 2 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2022 532
Additions 783
At 31 December 2022 1,315
DEPRECIATION
At 1 January 2022 28
Charge for year 192
At 31 December 2022 220
NET BOOK VALUE
At 31 December 2022 1,095
At 31 December 2021 504

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 22,473 22,406
Other debtors - 52
22,473 22,458

Page 4 continued...
Quartz Electrical Services Ltd (Registered number: 09959855)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors - 645
Taxation and social security 2,575 3,765
Other creditors 5,227 -
Accruals and deferred income 2,080 4,399
9,882 8,809

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
20,000 Ordinary £1 20,000 20,000

8. ULTIMATE PARENT COMPANY

Quartz Electrical Services Ltd is a controlled subsidiary of Quartz Electrical & Mechanical Services Limited, a company registered in England and Wales. The registered office of Quartz Electrical & Mechanical Services Limited is Thornton House, Brighouse Business Village, Riverside Park, Middlesbrough, Cleveland, TS2 1RT.

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