Company Registration No. 03381742 (England and Wales)
Quadrotech Limited
Unaudited accounts
for the year ended 31 August 2024
Quadrotech Limited
Unaudited accounts
Contents
Quadrotech Limited
Company Information
for the year ended 31 August 2024
Company Number
03381742 (England and Wales)
Registered Office
The Reading Rooms
Burnleys Buildings
Flockton
West Yorkshire
WF4 4DL
England
Accountants
Small Business Accountancy
18 Stoney Hill
Rastrick
Brighouse
West Yorkshire
HD6 3BP
Quadrotech Limited
Statement of financial position
as at 31 August 2024
Tangible assets
4,933
4,490
Cash at bank and in hand
47,789
78,592
Creditors: amounts falling due within one year
(17,814)
(17,353)
Net current assets
30,445
62,036
Total assets less current liabilities
35,378
66,526
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
34,341
65,573
Shareholders' funds
34,441
65,673
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2024 and were signed on its behalf by
C.R.Bradley
Director
Company Registration No. 03381742
Quadrotech Limited
Notes to the Accounts
for the year ended 31 August 2024
Quadrotech Limited is a private company, limited by shares, registered in England and Wales, registration number 03381742. The registered office is The Reading Rooms, Burnleys Buildings, Flockton, West Yorkshire, WF4 4DL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Computer equipment
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Quadrotech Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
16,983
1,832
18,815
At 31 August 2024
18,746
1,832
20,578
At 1 September 2023
13,867
458
14,325
Charge for the year
976
344
1,320
At 31 August 2024
14,843
802
15,645
At 31 August 2024
3,903
1,030
4,933
At 31 August 2023
3,116
1,374
4,490
Amounts falling due within one year
Accrued income and prepayments
470
535
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,300
8,407
Loans from directors
8,330
7,938
7
Deferred taxation
2024
2023
Accelerated capital allowances
937
853
Provision at start of year
853
456
Charged to the profit and loss account
84
397
Provision at end of year
937
853
Quadrotech Limited
Notes to the Accounts
for the year ended 31 August 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
The company is in receipt of a loan amounting to £8,330.00 from a member of key management personnel. The loan is payable on demand and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).