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REGISTERED NUMBER: 04631815 (England and Wales)















QUALITY PAVING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






QUALITY PAVING LIMITED (REGISTERED NUMBER: 04631815)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


QUALITY PAVING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mrs S A Plunkett
M Plunkett





SECRETARY: Mrs S A Plunkett





REGISTERED OFFICE: 36 Albery Way
New Waltham
Grimsby
N E Lincolnshire
DN36 4WF





REGISTERED NUMBER: 04631815 (England and Wales)





ACCOUNTANTS: Xeinadin Grimsby
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB

QUALITY PAVING LIMITED (REGISTERED NUMBER: 04631815)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,664 2,318
1,664 2,318

CURRENT ASSETS
Debtors 6 48,332 52,066

CREDITORS
Amounts falling due within one year 7 46,816 50,612
NET CURRENT ASSETS 1,516 1,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,180

3,772

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,178 3,770
3,180 3,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

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

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:





M Plunkett - Director


QUALITY PAVING LIMITED (REGISTERED NUMBER: 04631815)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Quality Paving 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.

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.
Plant and machinery - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

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 1 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 30,000
AMORTISATION
At 1st April 2023
and 31st March 2024 30,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

QUALITY PAVING LIMITED (REGISTERED NUMBER: 04631815)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023
and 31st March 2024 998 12,000 3,299 16,297
DEPRECIATION
At 1st April 2023 998 9,978 3,003 13,979
Charge for year - 405 249 654
At 31st March 2024 998 10,383 3,252 14,633
NET BOOK VALUE
At 31st March 2024 - 1,617 47 1,664
At 31st March 2023 - 2,022 296 2,318

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,411 1,571
Directors' current accounts 34,507 37,579
S419 tax repayable 12,414 12,758
VAT - 158
48,332 52,066

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 37,472 47,585
Trade creditors 2,393 97
Tax 4,401 2,166
Social security and other taxes 829 (593 )
VAT 221 -
Other creditors 290 147
Accrued expenses 1,210 1,210
46,816 50,612