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REGISTERED NUMBER: 01083139 (England and Wales)



















QUADAMILL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






QUADAMILL LIMITED (REGISTERED NUMBER: 01083139)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


QUADAMILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs M E Harvey
Mrs T A McDermott





SECRETARY: Mrs M E Harvey





REGISTERED OFFICE: Lower Kilburn Garage
Derby Road
Lower Kilburn
Belper
Derbyshire
DE56 0NH





REGISTERED NUMBER: 01083139 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

QUADAMILL LIMITED (REGISTERED NUMBER: 01083139)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,827 95,321
Investment property 5 120,000 120,000
241,827 215,321

CURRENT ASSETS
Stocks 6 96,158 86,017
Debtors 7 177,083 146,387
Cash at bank and in hand 1,369,881 1,277,246
1,643,122 1,509,650
CREDITORS
Amounts falling due within one year 8 258,218 256,033
NET CURRENT ASSETS 1,384,904 1,253,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,626,731

1,468,938

PROVISIONS FOR LIABILITIES 9 31,875 24,793
NET ASSETS 1,594,856 1,444,145

CAPITAL AND RESERVES
Called up share capital 10 300 300
Fair value reserve 11 69,993 69,993
Retained earnings 1,524,563 1,373,852
SHAREHOLDERS' FUNDS 1,594,856 1,444,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

QUADAMILL LIMITED (REGISTERED NUMBER: 01083139)

BALANCE SHEET - continued
30 APRIL 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





Mrs T A McDermott - Director


QUADAMILL LIMITED (REGISTERED NUMBER: 01083139)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Quadamill 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.

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 as modified by the revaluation of certain assets.

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

Revenue from the sale of goods is recognised upon delivery or customer collection.

Revenue from rental income is recognised in the period it relates to.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 4% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


QUADAMILL LIMITED (REGISTERED NUMBER: 01083139)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 43,133 65,261 93,045
Additions - - -
At 30 April 2024 43,133 65,261 93,045
DEPRECIATION
At 1 May 2023 15,160 19,493 84,025
Charge for year 494 2,610 1,353
At 30 April 2024 15,654 22,103 85,378
NET BOOK VALUE
At 30 April 2024 27,479 43,158 7,667
At 30 April 2023 27,973 45,768 9,020

QUADAMILL LIMITED (REGISTERED NUMBER: 01083139)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 115,119 - 610 317,168
Additions 3,100 34,999 - 38,099
At 30 April 2024 118,219 34,999 610 355,267
DEPRECIATION
At 1 May 2023 102,559 - 610 221,847
Charge for year 1,886 5,250 - 11,593
At 30 April 2024 104,445 5,250 610 233,440
NET BOOK VALUE
At 30 April 2024 13,774 29,749 - 121,827
At 30 April 2023 12,560 - - 95,321

Included in cost of land and buildings is freehold land of £ 18,423 (2023 - £ 18,423 ) which is not depreciated.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 120,000
NET BOOK VALUE
At 30 April 2024 120,000
At 30 April 2023 120,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 120,000

The investment property was valued on an open market basis on 30 April 2023 by the directors .

6. STOCKS
2024 2023
£    £   
Stocks 96,158 86,017

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 173,399 138,729
Other debtors 110 3,990
Prepayments and accrued income 3,574 3,668
177,083 146,387

QUADAMILL LIMITED (REGISTERED NUMBER: 01083139)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 113,536 109,966
Corporation tax 86,013 84,764
Social security and other taxes 1,734 584
VAT 21,495 30,414
Other creditors 4,799 2,543
Directors' current accounts 7,693 746
Accruals and deferred income 22,948 27,016
258,218 256,033

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 31,875 24,793

Deferred
tax
£   
Balance at 1 May 2023 24,793
Provided during year 7,082
Balance at 30 April 2024 31,875

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary £1 300 300

11. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 69,993