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REGISTERED NUMBER: 03229302 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Quartz Electrical & Mechanical Services
Limited

Quartz Electrical & Mechanical Services
Limited (Registered number: 03229302)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quartz Electrical & Mechanical Services
Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J G Orpen
G Kendall
A Learmonth
L Mitchell





REGISTERED OFFICE: Thornton House
Brighouse Business Village
Riverside Park
MIDDLESBROUGH
Cleveland
TS2 1RT





REGISTERED NUMBER: 03229302 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Quartz Electrical & Mechanical Services
Limited (Registered number: 03229302)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 317,264 94,370
Investments 5 16,000 16,000
333,264 110,370

CURRENT ASSETS
Stocks 12,574 11,680
Debtors 6 1,041,246 970,861
Cash at bank 1,111,669 1,098,943
2,165,489 2,081,484
CREDITORS
Amounts falling due within one year 7 1,701,593 1,436,180
NET CURRENT ASSETS 463,896 645,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

797,160

755,674

CREDITORS
Amounts falling due after more than one
year

8

-

(24,815

)

PROVISIONS FOR LIABILITIES 10 (77,953 ) (20,900 )
NET ASSETS 719,207 709,959

CAPITAL AND RESERVES
Called up share capital 11 149,133 144,333
Share premium 7,200 -
Capital redemption reserve 30,667 30,667
Retained earnings 532,207 534,959
SHAREHOLDERS' FUNDS 719,207 709,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

Quartz Electrical & Mechanical Services
Limited (Registered number: 03229302)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





J G Orpen - Director


Quartz Electrical & Mechanical Services
Limited (Registered number: 03229302)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Quartz Electrical & Mechanical Services 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Quartz Electrical & Mechanical Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions as it is considered that all transactions have taken place under normal market conditions.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Income is recognised when the service has been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less provision for permanent diminution in value.

Stock
Stocks are valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.


Quartz Electrical & Mechanical Services
Limited (Registered number: 03229302)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The pension contributions payable in the financial statements represent the contribution payable by the company during the year.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess payments on account are included in creditors as payments received on account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2022 - 39 ) .

Quartz Electrical & Mechanical Services
Limited (Registered number: 03229302)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 111,436 137,211 99,189 89,782 437,618
Additions 6,440 33,955 12,737 241,512 294,644
At 31 December 2023 117,876 171,166 111,926 331,294 732,262
DEPRECIATION
At 1 January 2023 104,698 97,927 93,121 47,502 343,248
Charge for year 2,371 19,152 4,182 46,045 71,750
At 31 December 2023 107,069 117,079 97,303 93,547 414,998
NET BOOK VALUE
At 31 December 2023 10,807 54,087 14,623 237,747 317,264
At 31 December 2022 6,738 39,284 6,068 42,280 94,370

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 16,000
NET BOOK VALUE
At 31 December 2023 16,000
At 31 December 2022 16,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 833,263 632,219
Amounts recoverable on contract 79,026 249,596
Other debtors 35,062 2,000
Prepayments and accrued income 93,895 87,046
1,041,246 970,861

Quartz Electrical & Mechanical Services
Limited (Registered number: 03229302)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 1,285,196 1,134,887
Taxation and social security 236,233 81,109
Other creditors 65,386 75,374
Accruals and deferred income 114,778 134,810
1,701,593 1,436,180

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 10,000
Bank loans - 2-5 years - 14,815
- 24,815

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 56,229 25,216
Between one and five years 44,487 25,216
In more than five years 17,663 17,269
118,379 67,701

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 77,953 20,900

Deferred
tax
£   
Balance at 1 January 2023 20,900
Accelerated capital allowances 57,053
Balance at 31 December 2023 77,953

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
149,133 Ordinary £1 149,133 144,333
(2022 - 144,333
)

Quartz Electrical & Mechanical Services
Limited (Registered number: 03229302)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. CALLED UP SHARE CAPITAL - continued

4,800 Ordinary shares of £1 were issued during the year for cash of £ 4,800 .