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Unaudited Financial Statements for the Year Ended 31 March 2024

for

AL Quick Limited

AL Quick Limited (Registered number: 00370523)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AL Quick Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D E Hardyman
M P Upton





REGISTERED OFFICE: Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR





REGISTERED NUMBER: 00370523 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

AL Quick Limited (Registered number: 00370523)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 5,453

CURRENT ASSETS
Stocks - 105,268
Debtors 5 65,949 17,844
Cash at bank 12,349 59,750
78,298 182,862
CREDITORS
Amounts falling due within one year 6 81,018 103,166
NET CURRENT (LIABILITIES)/ASSETS (2,720 ) 79,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,720

)

85,149

PROVISIONS FOR LIABILITIES 7 - 1,036
NET (LIABILITIES)/ASSETS (2,720 ) 84,113

CAPITAL AND RESERVES
Called up share capital 8 100 100
Capital redemption reserve 9 50 50
Retained earnings 9 (2,870 ) 83,963
SHAREHOLDERS' FUNDS (2,720 ) 84,113

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.

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 31 October 2024 and were signed on its behalf by:





M P Upton - Director


AL Quick Limited (Registered number: 00370523)

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

1. STATUTORY INFORMATION

AL Quick 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

Storage building (£4,210) has been capitalised to plant and machinery.

Stocks
Stock is valued at the lower of cost and selling price less costs to complete and sell. Cost is calculated using the first-in, first-out (FIFO) method.

Financial instruments
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of 3 months or less from the date of acquisition or opening of the deposit or similar account.

Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discount due.

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due.

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.

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 2 (2023 - 3 ) .

AL Quick Limited (Registered number: 00370523)

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

4. TANGIBLE FIXED ASSETS
Fixtures Office &
Plant and and sundry
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 40,922 1,250 2,311 44,483
Disposals (40,922 ) (1,250 ) (2,311 ) (44,483 )
At 31 March 2024 - - - -
DEPRECIATION
At 1 April 2023 36,118 1,220 1,692 39,030
Charge for year 480 3 62 545
Eliminated on disposal (36,598 ) (1,223 ) (1,754 ) (39,575 )
At 31 March 2024 - - - -
NET BOOK VALUE
At 31 March 2024 - - - -
At 31 March 2023 4,804 30 619 5,453

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 17,844
Other debtors 50,050 -
Tax 12,000 -
VAT 3,899 -
65,949 17,844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 32,508
Tax - 16,332
Social security and other taxes - 1,482
VAT - 1,180
Directors' current accounts 81,018 48,664
Accrued expenses - 3,000
81,018 103,166

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax - 1,036

Deferred
tax
£   
Balance at 1 April 2023 1,036
Deferred tax (1,036 )
Balance at 31 March 2024 -

AL Quick Limited (Registered number: 00370523)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2023 83,963 50 84,013
Deficit for the year (77,833 ) (77,833 )
Dividends (9,000 ) (9,000 )
At 31 March 2024 (2,870 ) 50 (2,820 )

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the estate of AL Quick..