Qualfast Construction Ltd 10032137 Development of building projects false 1 March 2022 10032137 2022-03-01 2023-02-28 10032137 2022-02-28 10032137 2023-02-28 10032137 2021-03-01 2022-02-28 10032137 2021-02-28 10032137 2022-02-28 10032137 frs102-bus:FRS102 2022-03-01 2023-02-28 10032137 frs102-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 10032137 frs102-bus:FullAccounts 2022-03-01 2023-02-28 10032137 frs102-bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 10032137 frs102-core:CurrentFinancialInstruments 2023-02-28 10032137 frs102-core:CurrentFinancialInstruments 2022-02-28 10032137 frs102-core:Non-currentFinancialInstruments 2023-02-28 10032137 frs102-core:Non-currentFinancialInstruments 2022-02-28 10032137 frs102-core:ShareCapital 2023-02-28 10032137 frs102-core:ShareCapital 2022-02-28 10032137 frs102-core:RetainedEarningsAccumulatedLosses 2023-02-28 10032137 frs102-core:RetainedEarningsAccumulatedLosses 2022-02-28 10032137 frs102-bus:Director1 2022-03-01 2023-02-28 10032137 frs102-core:Vehicles 2022-03-01 2023-02-28 10032137 frs102-core:ToolsEquipment 2022-03-01 2023-02-28 10032137 frs102-core:Vehicles 2022-02-28 10032137 frs102-core:ToolsEquipment 2022-02-28 10032137 frs102-core:Vehicles 2023-02-28 10032137 frs102-core:ToolsEquipment 2023-02-28 10032137 frs102-core:Vehicles 2022-02-28 10032137 frs102-core:ToolsEquipment 2022-02-28 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
10032137
Qualfast Construction Ltd
Unaudited Accounts
for the year ended
28 February 2023
Qualfast Construction Ltd
Balance Sheet
as at 28 February 2023
Notes
2023
£
2022
£
Fixed assets
Tangible assets 3 6,946 8,511
6,946 8,511
Current assets
Debtors 0 31,958
Cash at bank and in hand 7,553 10,463
7,553 42,421
Creditors: amounts falling due within one year (13,246) (6,200)
Net current assets / (liabilities) (5,693) 36,221
Total assets less current liabilities 1,253 44,732
Creditors: amounts falling due after more than one year (0) (24,000)
Provisions for liabilities (0) (0)
Total net assets (liabilities) 1,253 20,732
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,153 20,632
Shareholders' funds 1,253 20,732

Qualfast Construction Ltd
Balance Sheet
as at 28 February 2023



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 28 February 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr P Duma

Director


Approved by the board on 15 November 2023

Company Number: 10032137 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

112 Shakespeare Avenue
Hayes
Middlesex
UB4 0BW
England

Qualfast Construction Ltd
Notes to the Accounts
for the year ended 28 February 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Vehicles 20% Reducing Balance
Tools & equipment 15% Reducing Balance
Pensions
The company operates a defined contribution pension scheme, with contributions charged to the profit and loss account for the year in which they are payable to the scheme.
2. Employees
2023 2022
Average number of employees during the period 2 2

3. Tangible fixed assets
Vehicles Tools & equipment Total
Cost or valuation £ £ £
At 1 March 2022 15,657 5,572 21,229
At 28 February 2023 15,657 5,572 21,229
Depreciation
At 1 March 2022 9,887 2,831 12,718
Charge for the period 1,154 411 1,565
At 28 February 2023 11,041 3,242 14,283
Net book value
At 28 February 2023 4,616 2,330 6,946
At 28 February 2022 5,770 2,741 8,511