Company Registration No. 02614696 (England and Wales)
Qualplast Limited
Unaudited accounts
for the year ended 31 March 2024
Qualplast Limited
Unaudited accounts
Contents
Qualplast Limited
Company Information
for the year ended 31 March 2024
Company Number
02614696 (England and Wales)
Registered Office
33 Gainsborough Drive
Mile Oak
Tamworth
Staffordshire
B78 3PJ
England
Accountants
Hill Lillis & Company Ltd
Chartered Tax Advisers
33 Gainsborough Drive
Mile Oak
Tamworth
Staffordshire
B78 3PJ
Qualplast Limited
Statement of financial position
as at 31 March 2024
Tangible assets
500,000
500,000
Cash at bank and in hand
738,456
720,468
Creditors: amounts falling due within one year
(58,316)
(62,100)
Net current assets
683,803
661,649
Net assets
1,183,803
1,161,649
Called up share capital
100
100
Revaluation reserve
271,910
271,910
Profit and loss account
911,793
889,639
Shareholders' funds
1,183,803
1,161,649
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 director acknowledges his 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 and authorised for issue on 1 August 2024 and were signed on its behalf by
D F Caro
Director
Company Registration No. 02614696
Qualplast Limited
Notes to the Accounts
for the year ended 31 March 2024
Qualplast Limited is a private company, limited by shares, registered in England and Wales, registration number 02614696. The registered office is 33 Gainsborough Drive, Mile Oak, Tamworth, Staffordshire, B78 3PJ, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Intangible fixed assets
Goodwill
Qualplast Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
-
23,235
Taxes and social security
14,090
10,596
Loans from directors
31,716
19,716
Deferred income
7,233
7,233
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).