QUADRANT CONTRACT FLOORINGS LIMITED

Company Registration Number:
02838711 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

QUADRANT CONTRACT FLOORINGS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

QUADRANT CONTRACT FLOORINGS LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 332,438 361,512
Total fixed assets: 332,438 361,512
Current assets
Stocks: 6,090 5,965
Debtors:   407,846 590,135
Cash at bank and in hand: 202,303 139,359
Total current assets: 616,239 735,459
Creditors: amounts falling due within one year:   (210,030) (360,227)
Net current assets (liabilities): 406,209 375,232
Total assets less current liabilities: 738,647 736,744
Creditors: amounts falling due after more than one year: 4 (48,134) (65,781)
Total net assets (liabilities): 690,513 670,963
Capital and reserves
Called up share capital: 25,001 25,001
Share premium account: 25,000 25,000
Profit and loss account: 640,512 620,962
Shareholders funds: 690,513 670,963

The notes form part of these financial statements

QUADRANT CONTRACT FLOORINGS LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 November 2024
and signed on behalf of the board by:

Name: Mr M Allan
Status: Director

The notes form part of these financial statements

QUADRANT CONTRACT FLOORINGS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings 10 years straight line Motor vehicles 25% reducing balance Fixtures, fittings, tools and equipment Nil written down value

QUADRANT CONTRACT FLOORINGS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 20 20

QUADRANT CONTRACT FLOORINGS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 538,284
At 28 February 2024 538,284
Depreciation
At 01 March 2023 176,772
Charge for year 29,074
At 28 February 2024 205,846
Net book value
At 28 February 2024 332,438
At 28 February 2023 361,512

QUADRANT CONTRACT FLOORINGS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due after more than one year note

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.