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REGISTERED NUMBER: 05678311 (England and Wales)

















QUADRANT SURVEYING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






QUADRANT SURVEYING LIMITED (REGISTERED NUMBER: 05678311)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


QUADRANT SURVEYING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr M J Perkins
Mr A M Coupland





SECRETARY: Mr A M Coupland





REGISTERED OFFICE: Excel House
Millbrook Lane
Wragby
Lincolnshire
LN8 5AB





BUSINESS ADDRESS: Newspaper House
Media Centre
Morton Way
Horncastle
Lincolnshire
LN9 6JR





REGISTERED NUMBER: 05678311 (England and Wales)





ACCOUNTANTS: Socius Accountants Limited
Excel House
Millbrook Lane
Wragby
Lincolnshire
LN8 5AB

QUADRANT SURVEYING LIMITED (REGISTERED NUMBER: 05678311)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,646 -
Property, plant and equipment 5 23,712 34,019
25,358 34,019

CURRENT ASSETS
Inventories 4,200 4,000
Debtors 200,277 189,961
Cash at bank 107,149 122,963
311,626 316,924
CREDITORS
Amounts falling due within one year 209,201 187,321
NET CURRENT ASSETS 102,425 129,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,783

163,622

CREDITORS
Amounts falling due after more than one year (106,648 ) (120,776 )

PROVISIONS FOR LIABILITIES (1,857 ) (2,231 )
NET ASSETS 19,278 40,615

CAPITAL AND RESERVES
Called up share capital 2,450 2,450
Capital redemption reserve 750 750
Retained earnings 16,078 37,415
19,278 40,615

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

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

QUADRANT SURVEYING LIMITED (REGISTERED NUMBER: 05678311)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


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 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 August 2023 and were signed on its behalf by:




Mr A M Coupland - Director



Mr M J Perkins - Director


QUADRANT SURVEYING LIMITED (REGISTERED NUMBER: 05678311)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Quadrant Surveying 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Inventories
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 inventories to their present location and condition.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

QUADRANT SURVEYING LIMITED (REGISTERED NUMBER: 05678311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 1,909
At 31 March 2023 1,909
AMORTISATION
Amortisation for year 263
At 31 March 2023 263
NET BOOK VALUE

At 31 March 2023 1,646

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 April 2022 114,355
Additions 2,312
Disposals (29,379 )
At 31 March 2023 87,288
DEPRECIATION
At 1 April 2022 80,336
Charge for year 5,807
Eliminated on disposal (22,567 )
At 31 March 2023 63,576
NET BOOK VALUE
At 31 March 2023 23,712
At 31 March 2022 34,019

QUADRANT SURVEYING LIMITED (REGISTERED NUMBER: 05678311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2022 65,519
Disposals (29,379 )
At 31 March 2023 36,140
DEPRECIATION
At 1 April 2022 43,460
Charge for year 3,812
Eliminated on disposal (22,567 )
At 31 March 2023 24,705
NET BOOK VALUE
At 31 March 2023 11,435
At 31 March 2022 22,059

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 23,021 32,713

The hire purchase liabilities are secured against the assets in which they relate.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr M J Perkins
Balance outstanding at start of year - 9,644
Amounts advanced - 12,770
Amounts repaid - (22,414 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr A M Coupland
Balance outstanding at start of year - 5,359
Amounts advanced - 8,554
Amounts repaid - (13,913 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

All advances made to directors are unsecured, repayable on demand and with no interest charged.