Quality Mouldings Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07329745 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

QUALITY MOULDINGS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

Mr L J Couzens

Mr M Pinhorne

REGISTERED OFFICE:

The Ivy House

1 Folly Lane

Petersfield

Hampshire

GU31 4AU

REGISTERED NUMBER:

07329745 (England and Wales)

ACCOUNTANTS:

Wallis White & Co

Accountants and Tax Consultants

The Ivy House

1 Folly Lane

Petersfield

Hampshire

GU31 4AU

FIXED ASSETS

Tangible assets

4

15,572

18,225

CURRENT ASSETS

Stocks

13,840

5,760

Debtors

67,855

78,766

Cash at bank

495,719

495,201

577,414

579,727

CREDITORS

Amounts falling due within one year

106,262

106,488

NET CURRENT ASSETS

471,152

473,239

TOTAL ASSETS LESS CURRENT LIABILITIES

486,724

491,464

PROVISIONS FOR LIABILITIES

3,298

3,463

NET ASSETS

483,426

488,001

CAPITAL AND RESERVES

Called up share capital

23

23

Retained earnings

483,403

487,978

SHAREHOLDERS' FUNDS

483,426

488,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2024 and were signed on its behalf by:

Mr L J Couzens - Director

Mr M Pinhorne - Director

1.	STATUTORY INFORMATION

Quality Mouldings 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 8 (2022 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2022

39,334

Additions

1,289

At 31 August 2023

40,623

DEPRECIATION

At 1 September 2022

21,109

Charge for year

3,942

At 31 August 2023

25,051

NET BOOK VALUE

At 31 August 2023

15,572

At 31 August 2022

18,225