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REGISTERED NUMBER: 02866240 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Quickduct Limited

Quickduct Limited (Registered number: 02866240)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Quickduct Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr S Shepherd





SECRETARY: Mrs S Shepherd





REGISTERED OFFICE: Ebor Street
Littleborough
Rochdale
Lancashire
OL15 9AS





REGISTERED NUMBER: 02866240 (England and Wales)





ACCOUNTANTS: N J Grindrod & Co Limited
First Floor
Sovereign House
Barehill Street
Littleborough
Lancashire
OL15 9BL

Quickduct Limited (Registered number: 02866240)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 25,086 194,690

CURRENT ASSETS
Inventories 5,183 5,230
Debtors 13,811 68,513
Cash at bank and in hand 331,378 147,839
350,372 221,582
CREDITORS
Amounts falling due within one year 112,082 146,475
NET CURRENT ASSETS 238,290 75,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,376

269,797

CREDITORS
Amounts falling due after more than one
year

(15,000

)

(25,000

)

PROVISIONS FOR LIABILITIES (4,781 ) (6,309 )
NET ASSETS 243,595 238,488

CAPITAL AND RESERVES
Called up share capital 4 4
Share premium 13,523 13,523
Retained earnings 230,068 224,961
SHAREHOLDERS' FUNDS 243,595 238,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Quickduct Limited (Registered number: 02866240)

Abridged Balance Sheet - continued
31 January 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 April 2024 and were signed by:





Mr S Shepherd - Director


Quickduct Limited (Registered number: 02866240)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Quickduct 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
Revenue 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 and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

Stocks
Inventories 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.

Quickduct Limited (Registered number: 02866240)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 February 2023 218,057
Additions 780
Disposals (164,526 )
At 31 January 2024 54,311
DEPRECIATION
At 1 February 2023 23,367
Charge for year 8,512
Eliminated on disposal (2,654 )
At 31 January 2024 29,225
NET BOOK VALUE
At 31 January 2024 25,086
At 31 January 2023 194,690

5. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Shepherd.