Company Registration No. SC657152 (Scotland)
QUALITY PARTS LTD
Unaudited accounts
for the year ended 31 March 2023
QUALITY PARTS LTD
Unaudited accounts
Contents
QUALITY PARTS LTD
Company Information
for the year ended 31 March 2023
Directors
Romualdas Dabasinskas
Tomas Keinys
Company Number
SC657152 (Scotland)
Registered Office
157 NORMAN RISE
LIVINGSTON
EH54 6NN
SCOTLAND
Accountants
Eurofirma Ltd
59 Devons Road
London
E3 3DW
QUALITY PARTS LTD
Statement of financial position
as at 31 March 2023
Inventories
447,500
250,200
Cash at bank and in hand
5,162
6,629
Creditors: amounts falling due within one year
(407,764)
(199,877)
Net current assets
53,011
64,334
Total assets less current liabilities
53,011
64,334
Creditors: amounts falling due after more than one year
(29,784)
(61,572)
Called up share capital
100
100
Profit and loss account
23,127
2,662
Shareholders' funds
23,227
2,762
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by
Romualdas Dabasinskas
Director
Company Registration No. SC657152
QUALITY PARTS LTD
Notes to the Accounts
for the year ended 31 March 2023
QUALITY PARTS LTD is a private company, limited by shares, registered in Scotland, registration number SC657152. The registered office is 157 NORMAN RISE, LIVINGSTON, EH54 6NN, SCOTLAND.
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 year, 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.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
12,700
-
Trade creditors
11,469
3,352
Taxes and social security
6,266
1,081
Loans from directors
377,048
195,200
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 15 (2022: 16).