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REGISTERED NUMBER: 05625204 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Quartzcoat Limited

Quartzcoat Limited (Registered number: 05625204)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Quartzcoat Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: N W Hall





REGISTERED OFFICE: Unit 32
Pentood Enterprise Park
CARDIGAN
Ceredigion
SA43 3AG





REGISTERED NUMBER: 05625204 (England and Wales)





ACCOUNTANTS: Ashmole & Co
Manchester House
Grosvenor Hill
Cardigan
Ceredigion
SA43 1HY

Quartzcoat Limited (Registered number: 05625204)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,005 48,300

CURRENT ASSETS
Stocks 64,286 46,323
Debtors 5 13,190 77,375
77,476 123,698
CREDITORS
Amounts falling due within one year 6 94,099 138,643
NET CURRENT LIABILITIES (16,623 ) (14,945 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,382

33,355

PROVISIONS FOR LIABILITIES 5,304 6,337
NET ASSETS 14,078 27,018

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 14,076 27,016
SHAREHOLDERS' FUNDS 14,078 27,018

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.

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 11 September 2023 and were signed by:



N W Hall - Director


Quartzcoat Limited (Registered number: 05625204)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Quartzcoat 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 etc - 25% on cost and 20% 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.

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.

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 1 (2022 - 1 ) .

Quartzcoat Limited (Registered number: 05625204)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 143,416
DEPRECIATION
At 1 April 2022 95,116
Charge for year 12,295
At 31 March 2023 107,411
NET BOOK VALUE
At 31 March 2023 36,005
At 31 March 2022 48,300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 13,190 77,375

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 23,966 8,039
Trade creditors 18,000 37,132
Taxation and social security 1,228 4,402
Other creditors 50,905 89,070
94,099 138,643