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REGISTERED NUMBER: 10841513 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 November 2023

for

QDL Finishes Limited

QDL Finishes Limited (Registered number: 10841513)






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


QDL Finishes Limited

Company Information
for the Year Ended 30 November 2023







Directors: J Davies
D L Williams
D J Williams





Secretary:





Registered office: Unit F - Rainbow House
Merthyr Industrial Park
Pentrebach
Merthyr Tydfil
CF48 4DR





Registered number: 10841513 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

QDL Finishes Limited (Registered number: 10841513)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 23,138 30,045
Investment property 5 463,405 -
486,543 30,045

Current assets
Debtors 6 - 20,430
Cash at bank 10,049 61,503
10,049 81,933
Creditors
Amounts falling due within one year 7 444,009 65,856
Net current (liabilities)/assets (433,960 ) 16,077
Total assets less current liabilities 52,583 46,122

Provisions for liabilities 4,396 5,709
Net assets 48,187 40,413

Capital and reserves
Called up share capital 300 300
Retained earnings 47,887 40,113
48,187 40,413

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.

QDL Finishes Limited (Registered number: 10841513)

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 14 June 2024 and were signed on its behalf by:




D J Williams - Director D L Williams - Director




J Davies - Director


QDL Finishes Limited (Registered number: 10841513)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. Statutory information

QDL Finishes 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
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 etc - 25% on cost and 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. Employees and directors

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

QDL Finishes Limited (Registered number: 10841513)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 December 2022
and 30 November 2023 50,816
Depreciation
At 1 December 2022 20,771
Charge for year 6,907
At 30 November 2023 27,678
Net book value
At 30 November 2023 23,138
At 30 November 2022 30,045

5. Investment property
Total
£   
Fair value
Additions 463,405
At 30 November 2023 463,405
Net book value
At 30 November 2023 463,405

6. Debtors: amounts falling due within one year
30.11.23 30.11.22
£    £   
Trade debtors - 19,400
Other debtors - 1,030
- 20,430

7. Creditors: amounts falling due within one year
30.11.23 30.11.22
£    £   
Taxation and social security 4,007 9,837
Other creditors 440,002 56,019
444,009 65,856

QDL Finishes Limited (Registered number: 10841513)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. Related party disclosures

Included within other creditors is a loan from QDL Contractors Limited of £405,857 (2022 : £54,274) a company under common control of the directors. This loan is interest free and re-payable on demand.


The company's turnover of £26,400 (2022 : £26,400) relates solely to transactions with QDL Contractors Limited, a company controlled by the directors. All of these transactions are at market value.