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REGISTERED NUMBER: 09433766 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

QCA QUALITY COVERS ALL LIMITED

QCA QUALITY COVERS ALL LIMITED (REGISTERED NUMBER: 09433766)

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


QCA QUALITY COVERS ALL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: G Bungay
A C Masters
P Wilkins



REGISTERED OFFICE: 10 Blackbrook Business Park
Blackbrook Road
Fareham
Hampshire
PO15 5DR



REGISTERED NUMBER: 09433766 (England and Wales)



ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



BANKERS: HSBC Bank PLC
26 High Street
Gosport
Hampshire
PO12 1DG

QCA QUALITY COVERS ALL LIMITED (REGISTERED NUMBER: 09433766)

BALANCE SHEET
29TH FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 6,000
Tangible assets 5 41,259 49,897
44,259 55,897

CURRENT ASSETS
Stocks 45,000 42,000
Debtors 6 208,119 204,347
Cash at bank and in hand 54 19,309
253,173 265,656
CREDITORS
Amounts falling due within one year 7 204,633 202,352
NET CURRENT ASSETS 48,540 63,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,799

119,201

CREDITORS
Amounts falling due after more than one
year

8

(62,500

)

(112,500

)

PROVISIONS FOR LIABILITIES (10,315 ) (10,977 )
NET ASSETS/(LIABILITIES) 19,984 (4,276 )

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 19,684 (4,576 )
SHAREHOLDERS' FUNDS 19,984 (4,276 )

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.

QCA QUALITY COVERS ALL LIMITED (REGISTERED NUMBER: 09433766)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd October 2024 and were signed on its behalf by:




G Bungay - Director A C Masters - Director




P Wilkins - Director


QCA QUALITY COVERS ALL LIMITED (REGISTERED NUMBER: 09433766)

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


1. STATUTORY INFORMATION

QCA Quality Covers All 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.

Turnover
Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and associated costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance and 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33.3% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

QCA QUALITY COVERS ALL LIMITED (REGISTERED NUMBER: 09433766)

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


2. ACCOUNTING POLICIES - continued

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.

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 1A to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2023
and 29th February 2024 30,000
AMORTISATION
At 1st March 2023 24,000
Charge for year 3,000
At 29th February 2024 27,000
NET BOOK VALUE
At 29th February 2024 3,000
At 28th February 2023 6,000

QCA QUALITY COVERS ALL LIMITED (REGISTERED NUMBER: 09433766)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st March 2023
and 29th February 2024 77,492 42,592 3,595 123,679
DEPRECIATION
At 1st March 2023 42,447 27,743 3,592 73,782
Charge for year 5,665 2,970 3 8,638
At 29th February 2024 48,112 30,713 3,595 82,420
NET BOOK VALUE
At 29th February 2024 29,380 11,879 - 41,259
At 28th February 2023 35,045 14,849 3 49,897

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 61,651 24,572
Other debtors 146,468 179,775
208,119 204,347

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 74,023 76,081
Trade creditors (2,271 ) (591 )
Taxation and social security 61,668 36,946
Other creditors 71,213 89,916
204,633 202,352

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 62,500 112,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
300 Ordinary £1 300 300

QCA QUALITY COVERS ALL LIMITED (REGISTERED NUMBER: 09433766)

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


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29th February 2024 and 28th February 2023:

29.2.24 28.2.23
£    £   
G Bungay
Balance outstanding at start of year 63,763 53,701
Amounts advanced 37,104 22,162
Amounts repaid (43,836 ) (12,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 57,031 63,763

P Wilkins
Balance outstanding at start of year 61,919 51,784
Amounts advanced 37,310 22,127
Amounts repaid (44,076 ) (11,992 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,153 61,919

Interest has been charged on the overdrawn directors loan account and is repayable on demand.