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Quarrington Electrical Contracts Ltd
 
 
Company Registration Number
07310208
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/08/2022
 
End date 31/07/2023
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Quarrington Electrical Contracts Ltd
 
Contents of the Financial Statements
for the Period Ended 31 July 2023
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Report of the Accountants 5
 
Profit and Loss Account 6
 
Balance Sheet 7 - 8
 
Notes to the Financial Statements 9 - 13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Quarrington Electrical Contracts Ltd
 
Company Information
for the Period Ended 31 July 2023
 
Directors K G Quarrington
 
Company secretary B R Pusser
 
Registered office 24 Downsview
Chatham
Kent
ME5 0AP
 
Company Registration Number 07310208
 
Accountants Name B R Pusser & Co Ltd
Address 24 Downsview
Chatham
Kent
ME5 0AP
 
Bankers Name Nat West
Address 197 Sutton Road
Maidstone
Kent
ME15 9LF
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Quarrington Electrical Contracts Ltd
Directors Report
for the Period Ended 31 July 2023
The directors present their report with the financial statements of the company for the
period ended 31 July 2023
Principal activities
The principal activity of the company in the period under review was
Electrical sub contractor
Directors
The director(s) shown below have held office during the whole of the period
K G Quarrington
Company policy on the employment of disabled persons
It is the companys policy to give employment to disabled persons wherever practicable.
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2024-04-15
and signed on behalf of the board by
Name K G Quarrington
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
Quarrington Electrical Contracts Ltd
 
Accountants' Report
for the Period Ended 31 July 2023
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 31 July 2023. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 31 July 2023 as set out on pages 3 to 15 which comprise of Profit and Loss Account, the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
accounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company 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/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. 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 financial
statements.
 
 
 
 
 
 
 
B R Pusser & Co Ltd
24 Downsview
Chatham
Kent
ME5 0AP
 
Date 2024-04-15
Page 5
Quarrington Electrical Contracts Ltd
 
Profit and Loss Account
for the Period Ended 31 July 2023
2023 2022
Notes £ £
 
Turnover 2 434,958 215,490
Cost of sales 294,746 130,722
______ ______
Gross Profit/(Loss) 140,212 84,768
 
Administrative expenses 23,847 8,141
______ ______
Operating costs 23,847 8,141
 
______ ______
Operating Profit/(Loss) 3 116,365 76,627
______ ______
Profit/(Loss) on ordinary activities before taxation 116,365 76,627
 
Tax on profit on ordinary activities 6 23,777 14,560
_____ _____
Profit/(Loss) for the financial period after taxation 92,588 62,067
There were no recognised gains or losses other than the profit/(loss) shown attributable to the
shareholders for the period ended 31 July 2023
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
 
 
Page 6
Quarrington Electrical Contracts Ltd
Balance Sheet
for the Period Ended 31 July 2023
Company registration number 07310208
2023 2022
Notes £ £
Current assets
Debtors 9 118,887 74,637
Cash at bank and in hand 23,035 18,404
_______ _______
Total current assets/(liabilities) 141,922 93,041
Creditors
Creditors - amounts falling
due within one year 10 25,622 20,695
_______ _______
Net current assets 116,300 72,346
_______ _______
Total assets less current liabilities 116,300 72,346
_______ _______
Creditors - amounts falling
due after more than one year 11 32,640 44,549
_______ _______
Long term creditors 32,640 44,549
_____ _____
Net assets/(liabilities) 83,660 27,797
Capital and reserves
Called up share capital 12 100 100
Profit and loss account 13 83,560 27,697
_____ _____
Total shareholders funds 83,660 27,797
 
 
 
 
 
 
 
 
 
 
 
 
Page 7
Quarrington Electrical Contracts Ltd
 
Balance Sheet
for the Period Ended 31 July 2023
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
For the year ending 31 July 2023 the company was entitled to exemption 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.
 
The financial statements were approved by the Board of Directors on 2024-04-15
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name K G Quarrington
 
The notes form part of these financial statements
Average number of employees during period 4
 
 
 
 
 
 
 
 
 
Page 8
Quarrington Electrical Contracts Ltd
Notes to the Financial Statements
for the Period Ended 31 July 2023
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
Quarrington Electrical Contracts Ltd
Notes to the Financial Statements
for the Period Ended 31 July 2023
2. Turnover 2023 2022
£ £
United Kingdom 434,958 215,490
______ ______
Total 434,958 215,490
3. Operating profit/(loss) 2023 2022
Profit before tax as stated after charging the following £ £
Accountants and audit fees 4,000 2,500
4. Directors' remuneration 2023 2022
£ £
Directors remuneration 12,000 9,480
Value of directors pension contributions
_____ ____
Total 12,000 9,480
The number of Directors accruing pension benefits was
5. Employees 2023 2022
£ £
Wages and salaries 45,828 20,410
_____ _____
Total staff costs 45,828 20,410
6. Taxation
The tax charge on the profit on ordinary activities 2023 2022
for the period was as follows £ £
UK Corporation Tax net of reliefs 23,777 14,560
_____ _____
Tax on profit on ordinary activities 23,777 14,560
7. Dividends 2023 2022
£ £
Dividend on ordinary shares paid in period 36,725 52,440
 
 
 
 
 
 
 
 
 
 
 
 
Page 10
Quarrington Electrical Contracts Ltd
Notes to the Financial Statements
for the Period Ended 31 July 2023
8. Tangible fixed assets
Motor Total
vehicles
Cost £ £
At 1 August 2022 44,260 44,260
_____ _____
At 31 July 2023 44,260 44,260
Depreciation
At 1 August 2022 44,260 44,260
_____ _____
At 31 July 2023 44,260 44,260
Net book value
At 31 July 2023 0 0
At 31 July 2022 0 0
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 11
Quarrington Electrical Contracts Ltd
Notes to the Financial Statements
for the Period Ended 31 July 2023
9. Debtors 2023 2022
Trade debtors 24,076 36,900
Prepayments and accrued income 94,811 37,737
______ _____
Total 118,887 74,637
10. Creditors amounts falling due within one year 2023 2022
Trade creditors 4,000 2,500
Corporation tax 21,622 14,560
Other taxation and social security 3,635
_____ _____
Total 25,622 20,695
11. Creditors amounts falling due after more than one year 2023 2022
Bank loans 32,640 44,549
_____ _____
Total 32,640 44,549
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 12
Quarrington Electrical Contracts Ltd
Notes to the Financial Statements
for the Period Ended 31 July 2023
12. Share capital 2023 2022
Authorised type Par value £ £
Ordinary 1 100 100
___ ___
Total 100 100
Allotted, called up and paid £ £
Ordinary 100 100
___ ___
Total 100 100
13. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 August 2022 27,697
Profit/(Loss) for year 92,588
Dividends paid 36,725
_____
Retained Profit/(Loss) at 31 July 2023 83,560
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 13