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REGISTERED NUMBER: 02885355 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

QUATTRO DISPLAY LIMITED

QUATTRO DISPLAY LIMITED (REGISTERED NUMBER: 02885355)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUATTRO DISPLAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: A Blizzard
S Green





REGISTERED OFFICE: 59 Padgets Lane
South Moons Moat
Redditch
Worcestershire
B98 0RD





REGISTERED NUMBER: 02885355 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

QUATTRO DISPLAY LIMITED (REGISTERED NUMBER: 02885355)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,889 98,387

CURRENT ASSETS
Stocks 14,000 14,000
Debtors 5 137,169 145,775
Cash at bank and in hand 300,373 303,427
451,542 463,202
CREDITORS
Amounts falling due within one year 6 297,946 276,869
NET CURRENT ASSETS 153,596 186,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,485

284,720

CREDITORS
Amounts falling due after more than one
year

7

(116,667

)

(166,667

)

PROVISIONS FOR LIABILITIES (22,277 ) (13,887 )
NET ASSETS 118,541 104,166

CAPITAL AND RESERVES
Called up share capital 4,002 4,002
Retained earnings 114,539 100,164
SHAREHOLDERS' FUNDS 118,541 104,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

QUATTRO DISPLAY LIMITED (REGISTERED NUMBER: 02885355)

BALANCE SHEET - continued
30 NOVEMBER 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 8 March 2024 and were signed on its behalf by:





A Blizzard - Director


QUATTRO DISPLAY LIMITED (REGISTERED NUMBER: 02885355)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Quattro Display 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis. The directors have confirmed that in their opinion the Company will have adequate cash resources available to finance its trading and meet its obligations for the foreseeable future.

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 and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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.

QUATTRO DISPLAY LIMITED (REGISTERED NUMBER: 02885355)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 72,041 34,559 213,671 37,611 357,882
Additions - - 43,890 - 43,890
Disposals (16,275 ) - - - (16,275 )
At 30 November 2023 55,766 34,559 257,561 37,611 385,497
DEPRECIATION
At 1 December 2022 45,271 27,151 149,970 37,103 259,495
Charge for year 4,704 1,482 21,568 237 27,991
Eliminated on disposal (5,878 ) - - - (5,878 )
At 30 November 2023 44,097 28,633 171,538 37,340 281,608
NET BOOK VALUE
At 30 November 2023 11,669 5,926 86,023 271 103,889
At 30 November 2022 26,770 7,408 63,701 508 98,387

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 106,516 113,319
Amounts owed by group undertakings 9,333 9,333
Other debtors 21,320 23,123
137,169 145,775

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 89,288 48,854
Taxation and social security 82,253 111,479
Other creditors 76,405 66,536
297,946 276,869

QUATTRO DISPLAY LIMITED (REGISTERED NUMBER: 02885355)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 116,667 166,667

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 106,500 106,500
Between one and five years 230,000 336,500
336,500 443,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 166,667 216,667

HSBC Bank PLC holds a fixed and floating charge over all undertakings of the company, including the freehold property held in the name of the parent undertaking Quattro Display Holdings Ltd.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors and shareholders of Quattro Display Holdings Limited.

Quattro Display Holdings Limited (incorporated in the UK) is the parent company and 100% shareholder of Quattro Display Limited.

The registered office of Quattro Display Holdings Limited is 59 Padgets Lane South Moons Moat, Redditch, Worcestershire, B98 0RD.