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REGISTERED NUMBER: 11274788 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

QUARK MIDLANDS LTD

QUARK MIDLANDS LTD (BY SHARES) (REGISTERED NUMBER: 11274788)






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




Page

Balance Sheet 1


QUARK MIDLANDS LTD (BY SHARES) (REGISTERED NUMBER: 11274788)

Balance Sheet
31 March 2024

2024 2023
£    £    £    £   
FIXED ASSETS 3,328 3,650

CURRENT ASSETS 387,390 424,068

CREDITORS
Amounts falling due within one year (39,082 ) (39,010 )
NET CURRENT ASSETS 348,308 385,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

351,636

388,708

CREDITORS
Amounts falling due after more than one year 97,550 200,000
NET ASSETS 254,086 188,708

CAPITAL AND RESERVES 254,086 188,708

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2023 - 1 ) .

2. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Sharonjeet Kaur Gill and Amrik Singh Gill
Balance outstanding at start of year (209,809 ) (149,679 )
Amounts advanced 184,096 5,000
Amounts repaid (71,837 ) (65,130 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (97,550 ) (209,809 )

Dividends issued during the period is £43,000 (£45,000 in 2023)



QUARK MIDLANDS LTD (BY SHARES) (REGISTERED NUMBER: 11274788)

Balance Sheet - continued
31 March 2024


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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2024 and were signed on its behalf by:





Sharonjeet Kaur Gill - Director