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REGISTERED NUMBER: 04465398 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

QUADRANET SYSTEMS LIMITED

QUADRANET SYSTEMS LIMITED (REGISTERED NUMBER: 04465398)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUADRANET SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: Mr J H Trueman
Mr M Edworthy





SECRETARY: Mr M Edworthy





REGISTERED OFFICE: Quadranet House
The Common
Stokenchurch
Buckinghamshire
HP14 3UH





REGISTERED NUMBER: 04465398 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

QUADRANET SYSTEMS LIMITED (REGISTERED NUMBER: 04465398)

BALANCE SHEET
29TH FEBRUARY 2024

29.2.24 28.2.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 756,165 758,865
Investment property 5 143,879 143,879
900,044 902,744

CURRENT ASSETS
Debtors 6 1,259,745 1,041,699
Cash at bank 10,353 271,449
1,270,098 1,313,148
CREDITORS
Amounts falling due within one year 7 234,370 288,110
NET CURRENT ASSETS 1,035,728 1,025,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,935,772

1,927,782

CREDITORS
Amounts falling due after more than one year 8 (434,721 ) (453,092 )

PROVISIONS FOR LIABILITIES - (286 )
NET ASSETS 1,501,051 1,474,404

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Retained earnings 1,441,051 1,414,404
SHAREHOLDERS' FUNDS 1,501,051 1,474,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

QUADRANET SYSTEMS LIMITED (REGISTERED NUMBER: 04465398)

BALANCE SHEET - continued
29TH FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th October 2024 and were signed on its behalf by:





Mr J H Trueman - Director


QUADRANET SYSTEMS LIMITED (REGISTERED NUMBER: 04465398)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Quadranet Systems 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.

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

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 - Straight line over 3 years
Fixtures and fittings - 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£ £ £ £
COST
At 1st March 2023 756,000 58,322 52,938 867,260
Disposals - (57,179 ) (52,413 ) (109,592 )
At 29th February 2024 756,000 1,143 525 757,668
DEPRECIATION
At 1st March 2023 - 58,322 50,073 108,395
Charge for year - - 29 29
Eliminated on disposal - (57,179 ) (49,742 ) (106,921 )
At 29th February 2024 - 1,143 360 1,503
NET BOOK VALUE
At 29th February 2024 756,000 - 165 756,165
At 28th February 2023 756,000 - 2,865 758,865

QUADRANET SYSTEMS LIMITED (REGISTERED NUMBER: 04465398)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1st March 2023
and 29th February 2024 143,879
NET BOOK VALUE
At 29th February 2024 143,879
At 28th February 2023 143,879

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£ £
Trade debtors 302,056 368,617
Amounts owed by group undertakings 914,022 612,390
Other debtors 43,667 60,692
1,259,745 1,041,699

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£ £
Trade creditors 14,567 42,423
Amounts owed to group undertakings 129,236 129,236
Taxation and social security 29,221 63,733
Other creditors 61,346 52,718
234,370 288,110

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£ £
Other creditors 434,721 453,092

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 358,717 376,927

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J H Trueman, a director of the company, by reason of his majority shareholding.