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REGISTERED NUMBER: 11274788 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

QUARK MIDLANDS LTD

QUARK MIDLANDS LTD (REGISTERED NUMBER: 11274788)






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




Page

Balance Sheet 1


QUARK MIDLANDS LTD (REGISTERED NUMBER: 11274788)

Balance Sheet
31 March 2023

2023 2022
£    £    £    £   
FIXED ASSETS 3,650 3,494

CURRENT ASSETS 424,068 304,077

CREDITORS
Amounts falling due within one year (39,010 ) (35,193 )
NET CURRENT ASSETS 385,058 268,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

388,708

272,378

CREDITORS
Amounts falling due after more than one
year

200,000

140,000
NET ASSETS 188,708 132,378

CAPITAL AND RESERVES 188,708 132,378

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Quark Midlands Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11274788

Registered office: 2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2022 - NIL ) .

QUARK MIDLANDS LTD (REGISTERED NUMBER: 11274788)

Balance Sheet - continued
31 March 2023

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Sharonjeet Kaur Gill and Amrik Singh Gill
Balance outstanding at start of year (149,679 ) (108,972 )
Amounts advanced 5,000 17,000
Amounts repaid (65,130 ) (57,707 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (209,809 ) (149,679 )

Dividends issued during the period is £45,000 (£46,000 in 2022)

4. OTHER FINANCIAL COMMITMENTS

Current Asset of £1,95,456 (£1,69,656 in 2021) is due from Proton Midlands Ltd which is a related party



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 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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2023 and were signed on its behalf by:





Sharonjeet Kaur Gill - Director