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REGISTERED NUMBER: 01083139 (England and Wales)



















QUADAMILL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






QUADAMILL LIMITED (REGISTERED NUMBER: 01083139)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


QUADAMILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mrs M E Harvey
Mrs T A McDermott





SECRETARY: Mrs M E Harvey





REGISTERED OFFICE: Lower Kilburn Garage
Derby Road
Lower Kilburn
Belper
Derbyshire
DE56 0NH





REGISTERED NUMBER: 01083139 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

QUADAMILL LIMITED (REGISTERED NUMBER: 01083139)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,321 91,119
Investment property 5 120,000 120,000
215,321 211,119

CURRENT ASSETS
Stocks 6 86,017 129,784
Debtors 7 146,387 141,978
Cash at bank and in hand 1,277,246 1,005,359
1,509,650 1,277,121
CREDITORS
Amounts falling due within one year 8 256,033 365,156
NET CURRENT ASSETS 1,253,617 911,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,468,938

1,123,084

PROVISIONS FOR LIABILITIES 9 24,793 20,997
NET ASSETS 1,444,145 1,102,087

CAPITAL AND RESERVES
Called up share capital 10 300 300
Fair value reserve 11 69,993 69,993
Retained earnings 1,373,852 1,031,794
SHAREHOLDERS' FUNDS 1,444,145 1,102,087

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

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

QUADAMILL LIMITED (REGISTERED NUMBER: 01083139)

BALANCE SHEET - continued
30 APRIL 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





Mrs T A McDermott - Director


QUADAMILL LIMITED (REGISTERED NUMBER: 01083139)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Quadamill 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Revenue from the sale of goods is recognised upon delivery or customer collection.

Revenue from rental income is recognised in the period it relates to.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 4% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.


QUADAMILL LIMITED (REGISTERED NUMBER: 01083139)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2022 43,133 56,669 92,253
Additions - 8,592 792
At 30 April 2023 43,133 65,261 93,045
DEPRECIATION
At 1 May 2022 14,666 17,055 82,549
Charge for year 494 2,438 1,476
At 30 April 2023 15,160 19,493 84,025
NET BOOK VALUE
At 30 April 2023 27,973 45,768 9,020
At 30 April 2022 28,467 39,614 9,704

QUADAMILL LIMITED (REGISTERED NUMBER: 01083139)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022 113,775 610 306,440
Additions 1,344 - 10,728
At 30 April 2023 115,119 610 317,168
DEPRECIATION
At 1 May 2022 100,441 610 215,321
Charge for year 2,118 - 6,526
At 30 April 2023 102,559 610 221,847
NET BOOK VALUE
At 30 April 2023 12,560 - 95,321
At 30 April 2022 13,334 - 91,119

Included in cost of land and buildings is freehold land of £ 18,423 (2022 - £ 18,423 ) which is not depreciated.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 120,000
NET BOOK VALUE
At 30 April 2023 120,000
At 30 April 2022 120,000

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2023 120,000

The investment property was valued on an open market basis on 30 April 2023 by the directors .

6. STOCKS
2023 2022
£    £   
Stocks 86,017 129,784

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 138,729 136,930
Other debtors 3,990 1,811
Prepayments and accrued income 3,668 3,237
146,387 141,978

QUADAMILL LIMITED (REGISTERED NUMBER: 01083139)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 109,966 241,524
Corporation tax 84,764 35,660
Social security and other taxes 584 536
VAT 30,414 14,635
Other creditors 2,543 2,276
Directors' current accounts 746 50,434
Accruals and deferred income 27,016 20,091
256,033 365,156

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 24,793 20,997

Deferred
tax
£   
Balance at 1 May 2022 20,997
Provided during year 3,796
Balance at 30 April 2023 24,793

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary £1 300 300

11. RESERVES
Fair
value
reserve
£   
At 1 May 2022
and 30 April 2023 69,993