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REGISTERED NUMBER: 01883341 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

QUADLANCE LIMITED

QUADLANCE LIMITED (REGISTERED NUMBER: 01883341)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


QUADLANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







Director: M S Cain





Secretary: Mrs G J Cain





Registered office: 375 Stratford Road
Shirley
Solihull
West Midlands
B90 3BW





Registered number: 01883341 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

QUADLANCE LIMITED (REGISTERED NUMBER: 01883341)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,562 59,585
Investments 5 40,000 -
99,562 59,585

CURRENT ASSETS
Cash at bank 55,909 79,620

CREDITORS
Amounts falling due within one year 6 45,824 40,397
NET CURRENT ASSETS 10,085 39,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,647

98,808

PROVISIONS FOR LIABILITIES 18 20
NET ASSETS 109,629 98,788

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 109,529 98,688
109,629 98,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

QUADLANCE LIMITED (REGISTERED NUMBER: 01883341)

BALANCE SHEET - continued
31 MAY 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 Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:





M S Cain - Director


QUADLANCE LIMITED (REGISTERED NUMBER: 01883341)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Quadlance 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.

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.

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

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 - in accordance with the property
Fixtures & Fittings - 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

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

QUADLANCE LIMITED (REGISTERED NUMBER: 01883341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Freehold Fixtures
property & Fittings Totals
£    £    £   
Cost
At 1 June 2022
and 31 May 2023 59,432 2,837 62,269
Depreciation
At 1 June 2022 - 2,684 2,684
Charge for year - 23 23
At 31 May 2023 - 2,707 2,707
Net book value
At 31 May 2023 59,432 130 59,562
At 31 May 2022 59,432 153 59,585

5. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost
Additions 40,000
At 31 May 2023 40,000
Net book value
At 31 May 2023 40,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,725 1,565
Other creditors 43,099 38,832
45,824 40,397