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Company Registration No. 12472173 (England and Wales)
Quickline Group Holdings Limited Unaudited accounts for the year ended 31 March 2024
Quickline Group Holdings Limited Unaudited accounts Contents
Page
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Quickline Group Holdings Limited Company Information for the year ended 31 March 2024
Directors
Stephen Doran Andrew Martin
Company Number
12472173 (England and Wales)
Registered Office
Business First - Block A 25 Goodlass Road Liverpool L24 9HJ UNITED KINGDOM
Accountants
Adams O'Rourke Accountants Ltd 436 Woolton Road Liverpool L25 6JQ
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Quickline Group Holdings Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Quickline Group Holdings Limited for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Quickline Group Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 18 March 2024. Our work has been undertaken solely to prepare for your approval the accounts of Quickline Group Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Quickline Group Holdings Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quickline Group Holdings Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Quickline Group Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Quickline Group Holdings Limited. You consider that Quickline Group Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Quickline Group Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Adams O'Rourke Accountants Ltd Member in Practice 436 Woolton Road Liverpool L25 6JQ 18 April 2024
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Quickline Group Holdings Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
350 
450 
Current assets
Debtors
441 
18,058 
Cash at bank and in hand
497 
901 
938 
18,959 
Creditors: amounts falling due within one year
(300)
(18,317)
Net current assets
638 
642 
Net assets
988 
1,092 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
888 
992 
Shareholders' funds
988 
1,092 
For the year ending 31 March 2024 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 18 April 2024 and were signed on its behalf by
Stephen Doran Director Company Registration No. 12472173
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Quickline Group Holdings Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Quickline Group Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 12472173. The registered office is Business First - Block A, 25 Goodlass Road, Liverpool, L24 9HJ, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Consolidation
The company and its subsidiaries compromise small group so the Quickline Group Holding Limited will not be preparing consolidated financial statements as per Section 398 of the Companies Act 2006.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2023
450 
Disposals
(100)
Valuation at 31 March 2024
350 
Birmingham subsidiary ceased to trade in chargeable accounting period ended 31.03.2024.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
441 
- 
Other debtors
- 
18,058 
441 
18,058 
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Quickline Group Holdings Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
417 
Amounts owed to group undertakings and other participating interests
300 
17,900 
300 
18,317 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Interest free and repayable on demand
9,029 
- 
9,029 
- 
Interest free and repayable on demand
9,029 
- 
9,029 
- 
18,058 
- 
18,058 
- 
9
Transactions with related parties
A related party is a person or an entity that is related to the reporting entity. An entity is related to a reporting entity if the entity and the reporting entity are members of the same group. At the year end, Quickline Group Holding Limited is owed £100 each by Quickline Couriers Manchester Limited, Quickline Couriers Liverpool Limited, Quickline Couriers Preston Limited.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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