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REGISTERED NUMBER: 00634519 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

QUALITY CASTINGS (SLOUGH) LIMITED

QUALITY CASTINGS (SLOUGH) LIMITED (REGISTERED NUMBER: 00634519)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUALITY CASTINGS (SLOUGH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mr P E Tarrant
Mrs M A Tarrant
Mrs P A Honeyman





SECRETARY: Mrs M A Tarrant





REGISTERED OFFICE: Northern Way
Bury St Edmunds
Suffolk
IP32 6NW





REGISTERED NUMBER: 00634519 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

QUALITY CASTINGS (SLOUGH) LIMITED (REGISTERED NUMBER: 00634519)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,239 97,158

CURRENT ASSETS
Stocks 5 80,527 128,939
Debtors 6 1,379,570 1,530,330
Cash at bank and in hand 177,077 179,214
1,637,174 1,838,483
CREDITORS
Amounts falling due within one year 7 754,293 956,664
NET CURRENT ASSETS 882,881 881,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

958,120

978,977

PROVISIONS FOR LIABILITIES (9,060 ) (14,642 )

ACCRUALS AND DEFERRED INCOME 6,961 -
NET ASSETS 956,021 964,335

CAPITAL AND RESERVES
Called up share capital 250,000 250,000
Retained earnings 706,021 714,335
SHAREHOLDERS' FUNDS 956,021 964,335

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

QUALITY CASTINGS (SLOUGH) LIMITED (REGISTERED NUMBER: 00634519)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





Mr P E Tarrant - Director


QUALITY CASTINGS (SLOUGH) LIMITED (REGISTERED NUMBER: 00634519)

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

1. STATUTORY INFORMATION

Quality Castings (Slough) 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.
Plant & machinery - 20% on reducing balance
Fixtures & fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 33% on cost

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

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

QUALITY CASTINGS (SLOUGH) LIMITED (REGISTERED NUMBER: 00634519)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 33 ) .

4. TANGIBLE FIXED ASSETS
Plant & Fixtures Motor
machinery & fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 September 2022
and 31 August 2023 1,250,045 37,845 52,250 138,960 1,479,100
DEPRECIATION
At 1 September 2022 1,170,077 36,721 40,792 134,352 1,381,942
Charge for year 15,997 225 2,865 2,832 21,919
At 31 August 2023 1,186,074 36,946 43,657 137,184 1,403,861
NET BOOK VALUE
At 31 August 2023 63,971 899 8,593 1,776 75,239
At 31 August 2022 79,968 1,124 11,458 4,608 97,158

5. STOCKS
2023 2022
£    £   
Stocks 80,527 128,939

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 739,633 1,061,048
Other debtors 1,829 1,733
Prepayments 94,800 78,058
836,262 1,140,839

Amounts falling due after more than one year:
Amounts owed by group undertakings 543,308 389,491

Aggregate amounts 1,379,570 1,530,330

QUALITY CASTINGS (SLOUGH) LIMITED (REGISTERED NUMBER: 00634519)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 510,124 643,089
Corporation tax - 20,603
Social security and other taxes 85,960 101,572
Other creditors 5,375 28,715
Directors' current accounts 118,046 133,020
Accruals and deferred income 155 -
Accrued expenses 34,633 29,665
754,293 956,664