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Company Registration No. 12474075 (England and Wales)
Quickline Couriers Liverpool Limited Unaudited accounts for the year ended 31 March 2024
Quickline Couriers Liverpool Limited Unaudited accounts Contents
Page
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Quickline Couriers Liverpool Limited Company Information for the year ended 31 March 2024
Directors
Stephen Doran Andrew Martin
Company Number
12474075 (England and Wales)
Registered Office
Business First - Block A 25 Goodlass Road Liverpool L24 9HJ
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 Couriers Liverpool 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 Couriers Liverpool 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 Couriers Liverpool 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 Couriers Liverpool Limited and state those matters that we have agreed to state to the Board of Directors of Quickline Couriers Liverpool 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 Couriers Liverpool Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Quickline Couriers Liverpool 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 Couriers Liverpool Limited. You consider that Quickline Couriers Liverpool 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 Couriers Liverpool 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 Couriers Liverpool Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,280 
1,707 
Current assets
Debtors
214,280 
238,867 
Cash at bank and in hand
18,112 
2,161 
232,392 
241,028 
Creditors: amounts falling due within one year
(210,638)
(268,273)
Net current assets/(liabilities)
21,754 
(27,245)
Total assets less current liabilities
23,034 
(25,538)
Provisions for liabilities
Deferred tax
(243)
(325)
Net assets/(liabilities)
22,791 
(25,863)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
22,691 
(25,963)
Shareholders' funds
22,791 
(25,863)
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. 12474075
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Quickline Couriers Liverpool Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Quickline Couriers Liverpool Limited is a private company, limited by shares, registered in England and Wales, registration number 12474075. The registered office is Business First - Block A, 25 Goodlass Road, Liverpool, L24 9HJ.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Quickline Couriers Liverpool Limited Notes to the Accounts for the year ended 31 March 2024
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. An decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity n respect of that asset, the excess shall be recognised in profit or loss. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Equipment - 25% reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
3,299 
At 31 March 2024
3,299 
Depreciation
At 1 April 2023
1,592 
Charge for the year
427 
At 31 March 2024
2,019 
Net book value
At 31 March 2024
1,280 
At 31 March 2023
1,707 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
142,413 
182,545 
Amounts due from group undertakings etc.
67,500 
50,100 
Accrued income and prepayments
4,367 
6,222 
214,280 
238,867 
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Quickline Couriers Liverpool Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
25,397 
32,037 
Trade creditors
941 
60,440 
Amounts owed to group undertakings and other participating interests
83,676 
49,428 
Taxes and social security
11,954 
- 
Other creditors
88,670 
126,368 
210,638 
268,273 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Loans provided in the period were interest free and repayable on demand.
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. Quickline Group Holding Limited owes £100 which relates to unpaid share capital for acquisition of shares. The reporting entity owes £16,176 to Quickline Couriers Limited which relates to expenses paid by Quickline Couriers Limited.
10
Controlling party
The ultimate controlling party is Quickline Couriers Group Holding Limited, a company registered in England and Wales (company number 12472173). The registered office of Quickline Group Holding Limited is Business First - Block A, 25 Goodlass Road, Liverpool, L24 9HJ.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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