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REGISTERED NUMBER: 08101557 (England and Wales)

















Quicklee Engineering Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






Quicklee Engineering Limited (Registered number: 08101557)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quicklee Engineering Limited

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: Mr A G Lee





REGISTERED OFFICE: 9 Market Place
Hedon
East Yorkshire
HU12 8JA





REGISTERED NUMBER: 08101557 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Quicklee Engineering Limited (Registered number: 08101557)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 531,647 331,347

CURRENT ASSETS
Debtors 5 292,318 153,518
Cash at bank 6,627 81,128
298,945 234,646
CREDITORS
Amounts falling due within one year 6 316,814 197,329
NET CURRENT (LIABILITIES)/ASSETS (17,869 ) 37,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

513,778

368,664

CREDITORS
Amounts falling due after more than one
year

7

(243,980

)

(224,386

)

PROVISIONS FOR LIABILITIES (91,338 ) (56,542 )
NET ASSETS 178,460 87,736

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 178,360 87,636
SHAREHOLDERS' FUNDS 178,460 87,736

Quicklee Engineering Limited (Registered number: 08101557)

BALANCE SHEET - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





Mr A G Lee - Director


Quicklee Engineering Limited (Registered number: 08101557)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Quicklee Engineering 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.

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.
Cranes - 10% on reducing balance
Motor vehicles - 25% on reducing balance and 25% on cost less residual value
Equipment - Straight line over 3 years

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.

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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Quicklee Engineering Limited (Registered number: 08101557)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Motor
Cranes vehicles Equipment Totals
£    £    £    £   
COST
At 1 July 2023 377,500 102,799 19,862 500,161
Additions 265,000 14,148 5,415 284,563
Disposals - (23,875 ) - (23,875 )
At 30 June 2024 642,500 93,072 25,277 760,849
DEPRECIATION
At 1 July 2023 102,303 50,904 15,607 168,814
Charge for year 54,019 15,489 4,170 73,678
Eliminated on disposal - (13,290 ) - (13,290 )
At 30 June 2024 156,322 53,103 19,777 229,202
NET BOOK VALUE
At 30 June 2024 486,178 39,969 5,500 531,647
At 30 June 2023 275,197 51,895 4,255 331,347

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
Cranes vehicles Totals
£    £    £   
COST
At 1 July 2023 377,500 102,799 480,299
Additions 265,000 - 265,000
Disposals - (23,875 ) (23,875 )
Transfer to ownership - (9,939 ) (9,939 )
At 30 June 2024 642,500 68,985 711,485
DEPRECIATION
At 1 July 2023 102,303 50,904 153,207
Charge for year 54,019 10,904 64,923
Eliminated on disposal - (13,290 ) (13,290 )
Transfer to ownership - (5,746 ) (5,746 )
At 30 June 2024 156,322 42,772 199,094
NET BOOK VALUE
At 30 June 2024 486,178 26,213 512,391
At 30 June 2023 275,197 51,895 327,092

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 290,196 149,651
VAT 1,460 3,342
Prepayments 662 525
292,318 153,518

Quicklee Engineering Limited (Registered number: 08101557)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 41,207 37,264
Hire purchase contracts and finance leases 135,319 79,838
Trade creditors 96,172 58,075
Social security and other taxes 16,167 15,897
Credit card - 753
Directors' current accounts 18,003 3,126
Accruals 9,946 2,376
316,814 197,329

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans - 1-2 years 22,210 41,207
Other loans - 2-5 years - 22,210
Hire purchase contracts and finance leases 221,770 160,969
243,980 224,386