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Registration number: 04668665

Quotemetoday.Co.Uk. Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Quotemetoday.Co.Uk. Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Quotemetoday.Co.Uk. Ltd

Company Information

Directors

Mr AH Jackson

Mr A Seager

Registered office

2ND Floor 5-10 Sparrow Way
Lakesview International Business Park
Hersden
Canterbury
Kent
CT3 4JH

 

Quotemetoday.Co.Uk. Ltd

(Registration number: 04668665)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

418,172

699,570

Current assets

 

Debtors

5

730,322

824,814

Cash at bank and in hand

 

1,241,660

1,469,927

 

1,971,982

2,294,741

Creditors: Amounts falling due within one year

6

(1,926,982)

(2,273,058)

Net current assets

 

45,000

21,683

Total assets less current liabilities

 

463,172

721,253

Creditors: Amounts falling due after more than one year

6

(343,012)

(501,293)

Provisions for liabilities

(58,129)

(113,378)

Net assets

 

62,031

106,582

Capital and reserves

 

Called up share capital

100

100

Retained earnings

61,931

106,482

Shareholders' funds

 

62,031

106,582

 

Quotemetoday.Co.Uk. Ltd

(Registration number: 04668665)
Balance Sheet as at 31 August 2024 (continued)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 October 2024 and signed on its behalf by:
 

.........................................
Mr AH Jackson
Director

.........................................
Mr A Seager
Director

 
     
 

Quotemetoday.Co.Uk. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2ND Floor 5-10 Sparrow Way
Lakesview International Business Park
Hersden
Canterbury
Kent
CT3 4JH
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Quotemetoday.Co.Uk. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

10 years straight line

Office Equipment

5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Quotemetoday.Co.Uk. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 80 (2023 - 80).

 

Quotemetoday.Co.Uk. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 September 2023

350,210

1,455,809

1,806,019

Additions

-

4,049

4,049

At 31 August 2024

350,210

1,459,858

1,810,068

Depreciation

At 1 September 2023

79,398

1,027,051

1,106,449

Charge for the year

34,842

250,605

285,447

At 31 August 2024

114,240

1,277,656

1,391,896

Carrying amount

At 31 August 2024

235,970

182,202

418,172

At 31 August 2023

270,812

428,758

699,570

 

Quotemetoday.Co.Uk. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

5

Debtors

Current

2024
£

2023
£

Trade debtors

705,601

805,989

Prepayments

24,721

18,825

 

730,322

824,814

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

109,512

148,979

Trade creditors

 

1,569,110

1,889,766

Taxation and social security

 

77,462

43,874

Accruals and deferred income

 

37,757

54,243

Other creditors

 

133,141

136,196

 

1,926,982

2,273,058

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

43,012

301,293

Other non-current financial liabilities

 

300,000

200,000

 

343,012

501,293

 

Quotemetoday.Co.Uk. Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

43,012

101,293

Directors loan account

-

200,000

43,012

301,293

Current loans and borrowings

2024
£

2023
£

Bank borrowings

66,646

148,979

Directors current account

42,866

-

109,512

148,979

8

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £2.50 per each Ordinary £1

250,000

250,000