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REGISTERED NUMBER: 04128852 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 December 2021

for

Quality Conveyors Limited

Quality Conveyors Limited (Registered number: 04128852)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quality Conveyors Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: T R Hogan





SECRETARY: Mrs S E Hogan





REGISTERED OFFICE: 10-13 Marshall Hall Mills
Elland Lane
Elland
Halifax
West Yorkshire
HX5 9DU





REGISTERED NUMBER: 04128852 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
17 Appleton Court
Calder Park
Wakefield
West Yorkshire
WF2 7AR

Quality Conveyors Limited (Registered number: 04128852)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,687 8,257

CURRENT ASSETS
Stocks 28,183 20,931
Debtors 5 396,727 242,435
Cash at bank 71,401 190,689
496,311 454,055
CREDITORS
Amounts falling due within one year 6 334,388 274,985
NET CURRENT ASSETS 161,923 179,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,610

187,327

PROVISIONS FOR LIABILITIES 1,270 1,282
NET ASSETS 167,340 186,045

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Capital redemption reserve 3,500 3,500
Retained earnings 153,840 172,545
SHAREHOLDERS' FUNDS 167,340 186,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Quality Conveyors Limited (Registered number: 04128852)

Balance Sheet - continued
31 December 2021


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 15 February 2022 and were signed by:





T R Hogan - Director


Quality Conveyors Limited (Registered number: 04128852)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Quality Conveyors 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
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

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.

Quality Conveyors Limited (Registered number: 04128852)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2021
and 31 December 2021 65,971 6,641 10,500 712 83,824
DEPRECIATION
At 1 January 2021 61,781 5,896 7,178 712 75,567
Charge for year 628 111 831 - 1,570
At 31 December 2021 62,409 6,007 8,009 712 77,137
NET BOOK VALUE
At 31 December 2021 3,562 634 2,491 - 6,687
At 31 December 2020 4,190 745 3,322 - 8,257

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 298,593 190,797
Other debtors 98,134 51,638
396,727 242,435

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 36,650 20,552
Amounts owed to group undertakings 150,000 150,000
Taxation and social security 105,476 92,171
Other creditors 42,262 12,262
334,388 274,985

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T R Hogan.