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REGISTERED NUMBER: 04207983 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Quad Vehicle Consultants Limited

Quad Vehicle Consultants Limited (Registered number: 04207983)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Quad Vehicle Consultants Limited (Registered number: 04207983)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible fixed assets 4 978,202 1,000,086

Current assets
Debtors 5 56,861 194,752
Cash at bank 37,642 37,168
94,503 231,920
Creditors: amounts falling due within
one year

6

96,572

140,050
Net current (liabilities)/assets (2,069 ) 91,870
Total assets less current liabilities 976,133 1,091,956

Creditors: amounts falling due after
more than one year

7

(16,530

)

(120,781

)

Provisions for liabilities (170,819 ) (180,767 )
Net assets 788,784 790,408

Capital and reserves
Called up share capital 9 100 100
Fair value reserve 10 524,233 524,233
Retained earnings 264,451 266,075
Shareholders' funds 788,784 790,408

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 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.

Quad Vehicle Consultants Limited (Registered number: 04207983)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





A K Heitman - Director


Quad Vehicle Consultants Limited (Registered number: 04207983)

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

1. Statutory information

Quad Vehicle Consultants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04207983

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. When the outcome of a transaction involving the rendering of services can be reliably estimated, turnover from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, turnover is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost (land not depreciated)
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Quad Vehicle Consultants Limited (Registered number: 04207983)

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

2. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 NIL (2023 - NIL).

Quad Vehicle Consultants Limited (Registered number: 04207983)

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

4. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Cost
At 1 April 2023
and 31 March 2024 1,032,714 29,227 15,190
Depreciation
At 1 April 2023 39,699 24,754 14,282
Charge for year 20,654 671 136
At 31 March 2024 60,353 25,425 14,418
Net book value
At 31 March 2024 972,361 3,802 772
At 31 March 2023 993,015 4,473 908

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 April 2023
and 31 March 2024 118,597 634 1,196,362
Depreciation
At 1 April 2023 116,907 634 196,276
Charge for year 423 - 21,884
At 31 March 2024 117,330 634 218,160
Net book value
At 31 March 2024 1,267 - 978,202
At 31 March 2023 1,690 - 1,000,086

The freehold properties' fair value of £1,032,714 was determined by the directors based on the market value of similar properties in the area.

Quad Vehicle Consultants Limited (Registered number: 04207983)

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

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 6,680 6,833
Other debtors 50,181 187,919
56,861 194,752

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 2,915 20,415
Trade creditors 10,922 12,723
Taxation and social security 22,459 25,907
Other creditors 60,276 81,005
96,572 140,050

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 16,530 120,781

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by
instalment

7,639

28,161

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank Loans - 118,974

Secured liabilities are secured by a fixed legal charge on the freehold property, buildings and fixtures (including trade fixtures) and assignment with full title guarantee of rent, licence fee, service charges, rent deposits and any other amounts payable by any tenant of the mortgaged property.

Quad Vehicle Consultants Limited (Registered number: 04207983)

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

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. Reserves
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 524,233

11. Directors' advances, credits and guarantees

During the year, the company advanced a director £50,928 (2023: £18,427) and he repaid £45,883 (2023: £49,542). At the year end, the director owed the company £5,045 (2023: £nil). The advances were interest-free, unsecured and repayable on demand.

12. Related party disclosures

At the year end the company owed a related party £56,825 (2023: £56,452)

At the year end, the company owed the directors £nil (2023: £21,268).