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REGISTERED NUMBER: 10520560 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

QUANTRILL CONTRACTORS LIMITED

QUANTRILL CONTRACTORS LIMITED (REGISTERED NUMBER: 10520560)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUANTRILL CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: T N Quantrill





SECRETARY: T N Quantrill





REGISTERED OFFICE: Lothing House
Quay View Business Park
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 10520560 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

QUANTRILL CONTRACTORS LIMITED (REGISTERED NUMBER: 10520560)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 7,563 8,113
Tangible assets 5 139,262 95,787
146,825 103,900

CURRENT ASSETS
Stocks - 21,642
Debtors 6 338,544 245,130
Cash at bank 223,804 155,264
562,348 422,036
CREDITORS
Amounts falling due within one year 7 (57,040 ) (129,591 )
NET CURRENT ASSETS 505,308 292,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

652,133

396,345

CREDITORS
Amounts falling due after more than one
year

8

(173,807

)

(61,316

)

PROVISIONS FOR LIABILITIES (26,460 ) (18,200 )
NET ASSETS 451,866 316,829

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 451,766 316,729
SHAREHOLDERS' FUNDS 451,866 316,829

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 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.

QUANTRILL CONTRACTORS LIMITED (REGISTERED NUMBER: 10520560)

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.

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 5 October 2023 and were signed by:





T N Quantrill - Director


QUANTRILL CONTRACTORS LIMITED (REGISTERED NUMBER: 10520560)

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

1. STATUTORY INFORMATION

QUANTRILL CONTRACTORS 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
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 stocks to their present location and condition.

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.

QUANTRILL CONTRACTORS LIMITED (REGISTERED NUMBER: 10520560)

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

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 11,000
AMORTISATION
At 1 April 2022 2,887
Charge for year 550
At 31 March 2023 3,437
NET BOOK VALUE
At 31 March 2023 7,563
At 31 March 2022 8,113

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 136,136
Additions 85,103
Disposals (16,700 )
At 31 March 2023 204,539
DEPRECIATION
At 1 April 2022 40,349
Charge for year 24,928
At 31 March 2023 65,277
NET BOOK VALUE
At 31 March 2023 139,262
At 31 March 2022 95,787

QUANTRILL CONTRACTORS LIMITED (REGISTERED NUMBER: 10520560)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 331,716 240,674
Other debtors 6,828 4,456
338,544 245,130

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 29,579 60,585
Taxation and social security 27,187 56,028
Other creditors 274 12,978
57,040 129,591

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 25,493 19,649
Other creditors 148,314 41,667
173,807 61,316

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £38,000 (2022 - £40,400) were paid to the director .

The company operates a loan account with the Director and the balance at 31st March 2023 amounted to £274.

Other creditors includes a loan of £116,647 from G&T Homes Limited of which T N Quantrill is a director and shareholder.

10. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr T N Quantrill as holder of the share capital throughout the current year.