03050516falsethe manufacture and distribution of road safety equipment2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-12-31http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2022-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-12-31http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:MotorCars2022-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:MotorCars2023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03050516

QUAZAR INTERNATIONAL LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP

QUAZAR INTERNATIONAL LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
Mr J Wilson
Mrs N Wilson
SECRETARY
Mr A Brooks
REGISTERED OFFICE
Unit 1C Deacon Trading Estate
Forstal Road
Aylesford
Kent
ME20 7SP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03050516
ACCOUNTANTS
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP

QUAZAR INTERNATIONAL LIMITED

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets272,40248,460
CURRENT ASSETS
Stock495,250447,650
Debtors41,056,789987,699
Cash at bank and in hand462,124589,030
2,014,1632,024,379
CREDITORS: Amounts falling due within one year5184,037212,315
NET CURRENT ASSETS1,830,1261,812,064
TOTAL ASSETS LESS CURRENT LIABILITIES1,902,5281,860,524
CAPITAL AND RESERVES
Called up share capital7100100
Capital redemption reserve84141
Profit and loss account1,902,3871,860,383
SHAREHOLDERS' FUNDS1,902,5281,860,524
For the year ending 31/12/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/09/2024 and signed on their behalf by
.............................
Mr J Wilson
Director

QUAZAR INTERNATIONAL LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Fixtures and Fittingsreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.

QUAZAR INTERNATIONAL LIMITED

2. TANGIBLE FIXED ASSETS
Short LeaseholdPlant andFixtures
PropertiesMachineryand FittingsMotor CarsTotal
£££££
Cost
At 01/01/202321,135249,698157,451122,296550,580
Additions-11,195-54,17065,365
Disposals---(31,026)(31,026)
At 31/12/202321,135260,893157,451145,440584,919
Depreciation
At 01/01/202321,135246,872157,45176,662502,120
Disposals---(31,026)(31,026)
For the year-5,063-36,36041,423
At 31/12/202321,135251,935157,45181,996512,517
Net Book Amounts
At 31/12/2023-8,958-63,44472,402
At 31/12/2022-2,826-45,63448,460
3. STOCK 20232022
££
Stock comprises:
Stock raw materials495,250447,650
495,250447,650
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors230,455165,328
Other debtors750,885756,250
Prepayments75,44966,121
1,056,789987,699

QUAZAR INTERNATIONAL LIMITED

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Corporation tax30,11930,071
VAT10,4998,787
PAYE control6,94311,408
Trade creditors87,219112,532
Accruals49,25749,517
184,037212,315
6. EMPLOYEES
20232022
No.No.
Average number of employees2324
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. OTHER RESERVES 20232022
££
Capital redemption reserve4141
4141