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REGISTERED NUMBER: 04867445 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Quad Bikes R Us Ltd

Quad Bikes R Us Ltd (Registered number: 04867445)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quad Bikes R Us Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs K Marven





SECRETARY: Mrs K Marven





REGISTERED OFFICE: 2 Beacon End Courtyard
London Road
Stanway
Colchester
Essex
CO3 0NU





REGISTERED NUMBER: 04867445 (England and Wales)





ACCOUNTANTS: Passmore Weeks and Richardson
A Xeinadin Company
2 Beacon End Courtyard
London Road, Stanway
Colchester
Essex
CO3 0NU

Quad Bikes R Us Ltd (Registered number: 04867445)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 155,133 169,240
155,133 169,240

CURRENT ASSETS
Stocks 693,374 541,185
Debtors 6 165,622 121,481
Cash at bank and in hand 85,065 79,004
944,061 741,670
CREDITORS
Amounts falling due within one year 7 1,024,135 814,183
NET CURRENT LIABILITIES (80,074 ) (72,513 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,059

96,727

CREDITORS
Amounts falling due after more than one
year

8

34,669

47,830
NET ASSETS 40,390 48,897

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings 15,390 23,897
SHAREHOLDERS' FUNDS 40,390 48,897

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Quad Bikes R Us Ltd (Registered number: 04867445)

Balance Sheet - continued
31 March 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 director and authorised for issue on 30 October 2024 and were signed by:





Mrs K Marven - Director


Quad Bikes R Us Ltd (Registered number: 04867445)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Quad Bikes R Us Ltd 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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Goodwill
Goodwill paid in connection with the purchase of a business, is being amortised evenly over its estimated useful life of 5 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% 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 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.

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.

Quad Bikes R Us Ltd (Registered number: 04867445)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 4 ) .

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

Quad Bikes R Us Ltd (Registered number: 04867445)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 147,088 108,085 255,173
Additions - 931 931
At 31 March 2024 147,088 109,016 256,104
DEPRECIATION
At 1 April 2023 20,561 65,372 85,933
Charge for year 2,942 12,096 15,038
At 31 March 2024 23,503 77,468 100,971
NET BOOK VALUE
At 31 March 2024 123,585 31,548 155,133
At 31 March 2023 126,527 42,713 169,240

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 9,850
DEPRECIATION
At 1 April 2023 123
Charge for year 1,478
At 31 March 2024 1,601
NET BOOK VALUE
At 31 March 2024 8,249
At 31 March 2023 9,727

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 17,696 13,103
Other debtors 147,926 108,378
165,622 121,481

Quad Bikes R Us Ltd (Registered number: 04867445)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,804 10,196
Hire purchase contracts (see note 9) 2,357 2,176
Payments on account - 7,819
Trade creditors 578,543 553,916
Taxation and social security 13,519 4,121
Other creditors 418,912 235,955
1,024,135 814,183

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 29,591 40,395
Hire purchase contracts (see note 9) 5,078 7,435
34,669 47,830

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 2,357 2,176
Between one and five years 5,078 7,435
7,435 9,611

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 114,500 113,000
Between one and five years 282,250 361,250
396,750 474,250