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REGISTERED NUMBER: 08101557 (England and Wales)

















Quicklee Engineering Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023






Quicklee Engineering Limited (Registered number: 08101557)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quicklee Engineering Limited

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: Mr A G Lee
Mrs K E Lee





REGISTERED OFFICE: 9 Market Place
Hedon
East Yorkshire
HU12 8JA





REGISTERED NUMBER: 08101557 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Quicklee Engineering Limited (Registered number: 08101557)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 331,347 463,012

CURRENT ASSETS
Debtors 5 153,518 259,762
Cash at bank 81,128 9,438
234,646 269,200
CREDITORS
Amounts falling due within one year 6 197,329 211,041
NET CURRENT ASSETS 37,317 58,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

368,664

521,171

CREDITORS
Amounts falling due after more than one
year

7

(224,386

)

(385,973

)

PROVISIONS FOR LIABILITIES (56,542 ) (52,391 )
NET ASSETS 87,736 82,807

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 87,636 82,707
SHAREHOLDERS' FUNDS 87,736 82,807

Quicklee Engineering Limited (Registered number: 08101557)

BALANCE SHEET - continued
30 June 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





Mr A G Lee - Director


Quicklee Engineering Limited (Registered number: 08101557)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Quicklee Engineering 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Cranes - 10% on reducing balance
Motor vehicles - 25% on reducing balance and 25% on cost less residual value
Equipment - Straight line over 3 years

Government grants
Government grants are recognised at fair value when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants related to purchase of assets are treated as deferred income and allocated to the profit and loss account over the useful lives of the related assets. Grants related to expenses are treated as income in the profit and loss account in the period they are receivable.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Quicklee Engineering Limited (Registered number: 08101557)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Motor
Cranes vehicles Equipment Totals
£    £    £    £   
COST
At 1 July 2022 497,500 111,570 20,085 629,155
Additions - 18,995 5,671 24,666
Disposals (120,000 ) (27,766 ) (5,894 ) (153,660 )
At 30 June 2023 377,500 102,799 19,862 500,161
DEPRECIATION
At 1 July 2022 104,245 43,357 18,541 166,143
Charge for year 30,578 17,655 2,738 50,971
Eliminated on disposal (32,520 ) (10,108 ) (5,672 ) (48,300 )
At 30 June 2023 102,303 50,904 15,607 168,814
NET BOOK VALUE
At 30 June 2023 275,197 51,895 4,255 331,347
At 30 June 2022 393,255 68,213 1,544 463,012

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
Cranes vehicles Equipment Totals
£    £    £    £   
COST
At 1 July 2022 497,500 111,570 6,900 615,970
Additions - 18,995 - 18,995
Disposals (120,000 ) (27,766 ) - (147,766 )
Transfer to ownership - - (6,900 ) (6,900 )
At 30 June 2023 377,500 102,799 - 480,299
DEPRECIATION
At 1 July 2022 104,245 43,357 6,900 154,502
Charge for year 30,578 17,655 - 48,233
Eliminated on disposal (32,520 ) (10,108 ) - (42,628 )
Transfer to ownership - - (6,900 ) (6,900 )
At 30 June 2023 102,303 50,904 - 153,207
NET BOOK VALUE
At 30 June 2023 275,197 51,895 - 327,092
At 30 June 2022 393,255 68,213 - 461,468

Quicklee Engineering Limited (Registered number: 08101557)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 149,651 254,119
VAT 3,342 4,932
Prepayments 525 711
153,518 259,762

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 20,536
Other loans 37,264 33,698
Hire purchase contracts and finance leases 79,838 93,040
Trade creditors 58,075 38,688
Social security and other taxes 15,897 10,088
Credit card 753 707
Directors' current accounts 3,126 11,838
Accruals 2,376 2,446
197,329 211,041

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans - 1-2 years 41,207 37,264
Other loans - 2-5 years 22,210 63,417
Hire purchase contracts and finance leases 160,969 285,292
224,386 385,973