QA Distribution Andover Limited 11091061 false 2021-01-01 2021-12-31 2021-12-31 The principal activity of the company is commercial storage and warehousing. Digita Accounts Production Advanced 6.30.9574.0 true true 11091061 2021-01-01 2021-12-31 11091061 2021-12-31 11091061 core:RetainedEarningsAccumulatedLosses 2021-12-31 11091061 core:ShareCapital 2021-12-31 11091061 core:HirePurchaseContracts core:CurrentFinancialInstruments 2021-12-31 11091061 core:CurrentFinancialInstruments 2021-12-31 11091061 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 11091061 core:Non-currentFinancialInstruments 2021-12-31 11091061 core:Non-currentFinancialInstruments core:AfterOneYear 2021-12-31 11091061 core:MoreThanFiveYears 1 2021-12-31 11091061 core:OtherPropertyPlantEquipment 2021-12-31 11091061 bus:SmallEntities 2021-01-01 2021-12-31 11091061 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 11091061 bus:FullAccounts 2021-01-01 2021-12-31 11091061 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 11091061 bus:RegisteredOffice 2021-01-01 2021-12-31 11091061 bus:Director1 2021-01-01 2021-12-31 11091061 bus:Director2 2021-01-01 2021-12-31 11091061 bus:Director3 2021-01-01 2021-12-31 11091061 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 11091061 core:MotorVehicles 2021-01-01 2021-12-31 11091061 core:OtherPropertyPlantEquipment 2021-01-01 2021-12-31 11091061 core:PlantMachinery 2021-01-01 2021-12-31 11091061 countries:AllCountries 2021-01-01 2021-12-31 11091061 2020-12-31 11091061 core:OtherPropertyPlantEquipment 2020-12-31 11091061 2020-01-01 2020-12-31 11091061 2020-12-31 11091061 core:RetainedEarningsAccumulatedLosses 2020-12-31 11091061 core:ShareCapital 2020-12-31 11091061 core:HirePurchaseContracts core:CurrentFinancialInstruments 2020-12-31 11091061 core:CurrentFinancialInstruments 2020-12-31 11091061 core:CurrentFinancialInstruments core:WithinOneYear 2020-12-31 11091061 core:Non-currentFinancialInstruments 2020-12-31 11091061 core:Non-currentFinancialInstruments core:AfterOneYear 2020-12-31 11091061 core:MoreThanFiveYears 1 2020-12-31 11091061 core:OtherPropertyPlantEquipment 2020-12-31 iso4217:GBP xbrli:pure

QA Distribution Andover Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 December 2021

Registration number: 11091061

 

QA Distribution Andover Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 9

 

QA Distribution Andover Limited

Company Information

Directors

A Trotter

S Trotter

M Maag

Registered office

Alan's House
51 Holton Road
Holton Heath Trading Park
Poole
Dorset
BH16 6LT

Accountants

PKF Francis Clark
Towngate House
2-8 Parkstone Road
Poole
Dorset
BH15 2PW

 

QA Distribution Andover Limited

Balance Sheet

31 December 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

4

94,813

43,595

Current assets

 

Debtors

5

308,168

317,206

Cash at bank and in hand

 

6,045

37,612

 

314,213

354,818

Creditors: Amounts falling due within one year

6

(529,042)

(443,199)

Net current liabilities

 

(214,829)

(88,381)

Total assets less current liabilities

 

(120,016)

(44,786)

Creditors: Amounts falling due after more than one year

6

(44,467)

(45,000)

Net liabilities

 

(164,483)

(89,786)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(164,583)

(89,886)

Shareholders' deficit

 

(164,483)

(89,786)

 

QA Distribution Andover Limited

Balance Sheet

31 December 2021

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 August 2022 and signed on its behalf by:
 

.........................................
A Trotter
Director

   
     

Company Registration Number: 11091061

 

QA Distribution Andover Limited

Notes to the Financial Statements

Year Ended 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Alan's House
51 Holton Road
Holton Heath Trading Park
Poole
Dorset
BH16 6LT
England

These financial statements were authorised for issue by the Board on 30 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. There are net liabilities at the balance sheet date.

The directors have confirmed their intentions to continue to support the company for at least the 12 month period from the date of these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for storage costs and distribution charges in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Government grants

During the year the company took advantage of the Government's Coronavirus Job Retention Scheme. This conditional government grant income is recognised under the accrual model within the financial statements and as such is recognised on a systematic basis over the periods in which the company recognised the related costs for which the grants were intended to compensate.

 

QA Distribution Andover Limited

Notes to the Financial Statements

Year Ended 31 December 2021

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% to 20% straight line basis

Motor vehicles

10% straight line basis

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

QA Distribution Andover Limited

Notes to the Financial Statements

Year Ended 31 December 2021

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Finance lease liabilities; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.



 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2020 - 11).

 

QA Distribution Andover Limited

Notes to the Financial Statements

Year Ended 31 December 2021

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2021

55,348

55,348

Additions

60,807

60,807

At 31 December 2021

116,155

116,155

Depreciation

At 1 January 2021

11,753

11,753

Charge for the year

9,589

9,589

At 31 December 2021

21,342

21,342

Carrying amount

At 31 December 2021

94,813

94,813

At 31 December 2020

43,595

43,595

5

Debtors

2021
£

2020
£

Trade debtors

308,068

316,213

Prepayments

-

893

Other debtors

100

100

308,168

317,206

 

QA Distribution Andover Limited

Notes to the Financial Statements

Year Ended 31 December 2021

6

Creditors

Creditors: amounts falling due within one year

Note

2021
£

2020
£

Due within one year

 

Loans and borrowings

7

22,905

16,765

Trade creditors

 

225,459

111,205

Taxation and social security

 

30,653

48,051

Other creditors

 

246,950

262,841

Accruals and deferred income

 

3,075

4,337

 

529,042

443,199

Secured creditors

Loans and borrowings includes net obligations under finance lease and hire purchase contracts of £12,905 (2020: £11,765) which are secured against the relevant asset.

Other creditors include £246,308 (2020: £262,147) due to a factoring company and are secured against trade debts of the company.

Creditors: amounts falling due after more than one year

Note

2021
£

2020
£

Due after one year

 

Loans and borrowings

7

44,467

45,000

2021
£

2020
£

Due after more than five years

After more than five years by instalments

-

15,000

-

-

Creditors include bank loans repayable by instalments of which £Nil (2020 - £15,000) is due after more than five years.

Secured creditors

Loans and borrowings includes net obligations under finance lease and hire purchase contracts of £10,300 (2020: £Nil) which are secured against the relevant asset.

 

QA Distribution Andover Limited

Notes to the Financial Statements

Year Ended 31 December 2021

7

Loans and borrowings

2021
£

2020
£

Loans and borrowings due after one year

Bank borrowings

34,167

45,000

HP and finance lease liabilities

10,300

-

44,467

45,000

2021
£

2020
£

Current loans and borrowings

Bank borrowings

10,000

5,000

Hire purchase contracts

12,905

11,765

22,905

16,765

Included in the loans and borrowings are the following amounts due after more than five years:

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £1,705,697 (2020 - £2,138,766).