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Company Registration No. 12458929 (England and Wales)
Quality Auto Ltd Unaudited accounts for the year ended 28 February 2022
Quality Auto Ltd Unaudited accounts Contents
Page
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Quality Auto Ltd Company Information for the year ended 28 February 2022
Director
Sharif Mohamed Sarwar
Company Number
12458929 (England and Wales)
Registered Office
96 The Crescent Harlington Hayes Middlesex UB3 5NB England
Accountants
SAMI & CO ACCOUNTANTS 48 BILTON ROAD PERIVALE MIDDLESEX UB6 7DH
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Quality Auto Ltd Statement of financial position as at 28 February 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,499 
1,665 
Current assets
Inventories
29,300 
36,223 
Cash at bank and in hand
7,074 
2,542 
36,374 
38,765 
Creditors: amounts falling due within one year
(2,514)
(1,992)
Net current assets
33,860 
36,773 
Total assets less current liabilities
35,359 
38,438 
Creditors: amounts falling due after more than one year
(26,934)
(37,766)
Net assets
8,425 
672 
Capital and reserves
Share premium
100 
100 
Profit and loss account
8,325 
572 
Shareholders' funds
8,425 
672 
For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 September 2022 and were signed on its behalf by
Sharif Mohamed Sarwar Director Company Registration No. 12458929
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Quality Auto Ltd Notes to the Accounts for the year ended 28 February 2022
1
Statutory information
Quality Auto Ltd is a private company, limited by shares, registered in England and Wales, registration number 12458929. The registered office is 96 The Crescent , Harlington, Hayes, Middlesex, UB3 5NB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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 also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% reducing Balance
Computer equipment
10% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2021
850 
1,000 
1,850 
At 28 February 2022
850 
1,000 
1,850 
Depreciation
At 1 March 2021
85 
100 
185 
Charge for the year
76 
90 
166 
At 28 February 2022
161 
190 
351 
Net book value
At 28 February 2022
689 
810 
1,499 
At 28 February 2021
765 
900 
1,665 
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Quality Auto Ltd Notes to the Accounts for the year ended 28 February 2022
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
720 
720 
Taxes and social security
1,794 
1,272 
2,514 
1,992 
Corporation Tax £347 Accountancy Fees £600 Directors Loan Account £37766
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Loans from directors
26,934 
37,766 
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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