Quadrabuild Ltd - Accounts to registrar (filleted) - small 23.2.5

Quadrabuild Ltd - Accounts to registrar (filleted) - small 23.2.5

QUADRABUILD LTD - Company Information

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REGISTERED NUMBER: 05565876 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Quadrabuild Ltd
Quadrabuild Ltd (Registered number: 05565876)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quadrabuild Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: D Hall
R Hall
A M Hall





SECRETARY: D Hall





REGISTERED OFFICE: Unit 1 Falkland Farm
Andover Road
Wash Water
Newbury
Berkshire
RG20 0LP





REGISTERED NUMBER: 05565876 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY
Page 1
Quadrabuild Ltd (Registered number: 05565876)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 108,619 13,983

CURRENT ASSETS
Stocks 5 29,712 54,044
Debtors 6 198,693 179,399
Cash at bank 385,365 372,937
613,770 606,380
CREDITORS
Amounts falling due within one year 7 105,464 141,633
NET CURRENT ASSETS 508,306 464,747
TOTAL ASSETS LESS CURRENT
LIABILITIES
616,925
478,730

CREDITORS
Amounts falling due after more than one
year
8
(40,000
)
(60,000
)

PROVISIONS FOR LIABILITIES (21,264 ) -
NET ASSETS 555,661 418,730

CAPITAL AND RESERVES
Called up share capital 720 720
Capital redemption reserve 272 272
Retained earnings 554,669 417,738
SHAREHOLDERS' FUNDS 555,661 418,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 notes form part of these financial statements

Page 2 continued...
Quadrabuild Ltd (Registered number: 05565876)

Balance Sheet - continued
30 September 2023


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 Board of Directors and authorised for issue on 22 March 2024 and were signed on its behalf by:




D Hall - Director



R Hall - Director


The notes form part of these financial statements

Page 3
Quadrabuild Ltd (Registered number: 05565876)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Quadrabuild 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Page 4 continued...
Quadrabuild Ltd (Registered number: 05565876)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 October 2022 68,030 42,483 94,331 204,844
Additions - 12,000 98,840 110,840
Disposals - (5,295 ) (47,396 ) (52,691 )
At 30 September 2023 68,030 49,188 145,775 262,993
DEPRECIATION
At 1 October 2022 54,047 42,483 94,331 190,861
Charge for year 4,544 1,250 10,410 16,204
Eliminated on disposal - (5,295 ) (47,396 ) (52,691 )
At 30 September 2023 58,591 38,438 57,345 154,374
NET BOOK VALUE
At 30 September 2023 9,439 10,750 88,430 108,619
At 30 September 2022 13,983 - - 13,983

5. STOCKS
2023 2022
£    £   
Stocks 29,712 54,044

Page 5 continued...
Quadrabuild Ltd (Registered number: 05565876)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 182,237 179,399
VAT 16,456 -
198,693 179,399

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,000 20,000
Trade creditors 48,162 64,130
Tax 31,698 37,748
Social security and other taxes 2,031 10,002
VAT - 7,173
Accrued expenses 3,573 2,580
105,464 141,633

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 20,000 20,000
Bank loans - 2-5 years 20,000 40,000
40,000 60,000

Page 6