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REGISTERED NUMBER: 05230316 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Quatreus Limited

Quatreus Limited (Registered number: 05230316)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Quatreus Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R J T Edwards
Mr B P Hutchinson
Mr J L Hazelwood





REGISTERED OFFICE: 4 Cedar Park Cobham Road
Ferndown Industrial Estate
Wimborne Minster
Dorset
BH21 7SF





REGISTERED NUMBER: 05230316 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Quatreus Limited (Registered number: 05230316)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,600 4,418
21,600 4,418

CURRENT ASSETS
Stocks 150 18,771
Debtors 76,582 170,876
Prepayments and accrued income 32,399 5,211
Cash at bank and in hand 1,038,395 924,738
1,147,526 1,119,596
CREDITORS
Amounts falling due within one year 540,686 563,258
NET CURRENT ASSETS 606,840 556,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

628,440

560,756

PROVISIONS FOR LIABILITIES (4,938 ) -

ACCRUALS AND DEFERRED INCOME (23,534 ) (24,567 )
NET ASSETS 599,968 536,189

CAPITAL AND RESERVES
Called up share capital 1,140 1,140
Capital redemption reserve 760 760
Retained earnings 598,068 534,289
SHAREHOLDERS' FUNDS 599,968 536,189

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.

Quatreus Limited (Registered number: 05230316)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 November 2024 and were signed on its behalf by:





Mr B P Hutchinson - Director


Quatreus Limited (Registered number: 05230316)

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

1. STATUTORY INFORMATION

Quatreus 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
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of QUATREUS LIMITED is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill
Goodwill has been fully amortised in the accounts as at 31 March 2020.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is charged so as to allocate the cost of assets less their residual value over heir estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:
Plant & machinery - 25%
Fixtures & fittings - 25%
Office equipment - 25%

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Quatreus Limited (Registered number: 05230316)

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

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 310,335
Disposals (310,335 )
At 31 March 2024 -
AMORTISATION
At 1 April 2023 310,335
Eliminated on disposal (310,335 )
At 31 March 2024 -
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 21,342
Additions 33,192
At 31 March 2024 54,534
DEPRECIATION
At 1 April 2023 16,924
Charge for year 16,010
At 31 March 2024 32,934
NET BOOK VALUE
At 31 March 2024 21,600
At 31 March 2023 4,418

Quatreus Limited (Registered number: 05230316)

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

6. PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £51,576 (2023 - £57,806). Contributions totalling £947 (2023 - £878) were payable to the fund at the balance sheet date and are included in creditors.