Company Registration No. 05650232 (England and Wales)
Qualplast (1991) Limited
Unaudited accounts
for the period from 1 April 2022 to 31 July 2023
Qualplast (1991) Limited
Unaudited accounts
Contents
Qualplast (1991) Limited
Company Information
for the period from 1 April 2022 to 31 July 2023
Company Number
05650232 (England and Wales)
Registered Office
Old Walsall Road
Great Barr
Birmingham
B42 1EA
Accountants
Hill Lillis & Company Ltd
Chartered Tax Advisers
33 Gainsborough Drive, Mile Oak
Tamworth
Staffordshire
B78 3PJ
Qualplast (1991) Limited
Statement of financial position
as at 31 July 2023
Tangible assets
58,429
85,190
Cash at bank and in hand
786,859
819,902
Creditors: amounts falling due within one year
(207,247)
(299,634)
Net current assets
912,568
1,008,813
Total assets less current liabilities
970,997
1,094,003
Provisions for liabilities
Deferred tax
(14,607)
(16,140)
Net assets
956,390
1,077,863
Called up share capital
100
100
Profit and loss account
956,290
1,077,763
Shareholders' funds
956,390
1,077,863
For the period ending 31 July 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2023 and were signed on its behalf by
D F Caro
Director
Company Registration No. 05650232
Qualplast (1991) Limited
Notes to the Accounts
for the period from 1 April 2022 to 31 July 2023
Qualplast (1991) Limited is a private company, limited by shares, registered in England and Wales, registration number 05650232. The registered office is Old Walsall Road, Great Barr, Birmingham, B42 1EA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Computer equipment
25% on reducing balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
550,355
6,234
556,589
At 31 July 2023
550,355
6,234
556,589
At 1 April 2022
466,276
5,123
471,399
Charge for the period
26,275
486
26,761
At 31 July 2023
492,551
5,609
498,160
At 31 July 2023
57,804
625
58,429
At 31 March 2022
84,079
1,111
85,190
Qualplast (1991) Limited
Notes to the Accounts
for the period from 1 April 2022 to 31 July 2023
Amounts falling due within one year
Trade debtors
261,633
378,391
Amounts due from group undertakings etc.
-
194
Accrued income and prepayments
28,292
24,155
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
163,358
260,340
Taxes and social security
6,063
(2,822)
Other creditors
3,402
8,929
7
Average number of employees
During the period the average number of employees was 14 (2022: 14).