IRIS Accounts Production v24.2.0.383 09494513 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094945132023-03-31094945132024-03-31094945132023-04-012024-03-31094945132022-03-31094945132022-04-012023-03-31094945132023-03-3109494513ns15:EnglandWales2023-04-012024-03-3109494513ns14:PoundSterling2023-04-012024-03-3109494513ns10:Director12023-04-012024-03-3109494513ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109494513ns10:SmallEntities2023-04-012024-03-3109494513ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109494513ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109494513ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109494513ns10:FullAccounts2023-04-012024-03-3109494513ns5:CurrentFinancialInstruments2024-03-3109494513ns5:CurrentFinancialInstruments2023-03-3109494513ns5:Non-currentFinancialInstruments2024-03-3109494513ns5:Non-currentFinancialInstruments2023-03-3109494513ns5:ShareCapital2024-03-3109494513ns5:ShareCapital2023-03-3109494513ns5:RetainedEarningsAccumulatedLosses2024-03-3109494513ns5:RetainedEarningsAccumulatedLosses2023-03-3109494513ns10:RegisteredOffice2023-04-012024-03-3109494513ns5:PlantMachinery2023-04-012024-03-3109494513ns5:MotorVehicles2023-04-012024-03-3109494513ns5:PlantMachinery2023-03-3109494513ns5:MotorVehicles2023-03-3109494513ns5:PlantMachinery2024-03-3109494513ns5:MotorVehicles2024-03-3109494513ns5:PlantMachinery2023-03-3109494513ns5:MotorVehicles2023-03-3109494513ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3109494513ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 09494513 (England and Wales)



















QUICK CLEAR DRAINAGE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






QUICK CLEAR DRAINAGE LTD (REGISTERED NUMBER: 09494513)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


QUICK CLEAR DRAINAGE LTD (REGISTERED NUMBER: 09494513)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,806 21,386

CURRENT ASSETS
Debtors 5 240,533 177,382
Cash at bank 37,022 17,753
277,555 195,135
CREDITORS
Amounts falling due within one year 6 124,535 68,301
NET CURRENT ASSETS 153,020 126,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,826

148,220

CREDITORS
Amounts falling due after more than one
year

7

(22,752

)

(27,392

)

PROVISIONS FOR LIABILITIES (3,215 ) (4,063 )
NET ASSETS 144,859 116,765

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 144,758 116,664
SHAREHOLDERS' FUNDS 144,859 116,765

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

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

QUICK CLEAR DRAINAGE LTD (REGISTERED NUMBER: 09494513)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





Mr J Paternoster - Director


QUICK CLEAR DRAINAGE LTD (REGISTERED NUMBER: 09494513)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Quick Clear Drainage Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09494513

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

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


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.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty

Turnover
Turnover is derived from drain clearing and is recognised when the customer has received the service. Turnover is recorded at the fair value of the consideration received or receivable, and excludes value added tax and rebates.

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
Motor vehicles - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously


QUICK CLEAR DRAINAGE LTD (REGISTERED NUMBER: 09494513)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 23,096 23,245 46,341
Additions 2,159 - 2,159
At 31 March 2024 25,255 23,245 48,500
DEPRECIATION
At 1 April 2023 14,785 10,170 24,955
Charge for year 2,470 3,269 5,739
At 31 March 2024 17,255 13,439 30,694
NET BOOK VALUE
At 31 March 2024 8,000 9,806 17,806
At 31 March 2023 8,311 13,075 21,386

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 57,008 19,281
Other debtors 183,525 158,101
240,533 177,382

QUICK CLEAR DRAINAGE LTD (REGISTERED NUMBER: 09494513)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,751 4,861
Trade creditors 3,043 304
Taxation and social security 64,434 34,247
Other creditors 52,307 28,889
124,535 68,301

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 22,752 27,392

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,748 7,948

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the directors were owed £616 (2023 - £2,075).

During the year, dividends of £73,500 (2023 - £75,000) were paid to the directors.