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REGISTERED NUMBER: 03118417 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Quadmost Engineering Limited

Quadmost Engineering Limited (Registered number: 03118417)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Quadmost Engineering Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: D P Wareham





SECRETARY: Mrs J Wareham





REGISTERED OFFICE: 28 Bunting Close
St Leonards on Sea
East Sussex
TN38 8DG





REGISTERED NUMBER: 03118417 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
36 Cambridge Road
Hastings
East Sussex
TN34 1DU

Quadmost Engineering Limited (Registered number: 03118417)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,859 4,143

CURRENT ASSETS
Stocks 10,000 12,500
Debtors 5 18,844 48,277
Cash at bank 88,475 68,856
117,319 129,633
CREDITORS
Amounts falling due within one year 6 34,887 47,527
NET CURRENT ASSETS 82,432 82,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,291

86,249

PROVISIONS FOR LIABILITIES 733 1,108
NET ASSETS 85,558 85,141

CAPITAL & RESERVES
Called up share capital 8 100 100
Retained earnings 85,458 85,041
SHAREHOLDERS' FUNDS 85,558 85,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 January 2025 and were signed by:





D P Wareham - Director


Quadmost Engineering Limited (Registered number: 03118417)

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

1. STATUTORY INFORMATION

Quadmost 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.
Short leasehold - over the lease term
Plant & machinery - 20% on reducing balance
Fixtures & fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

Quadmost Engineering Limited (Registered number: 03118417)

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

4. TANGIBLE FIXED ASSETS
Short Plant & Fixtures
leasehold machinery & fittings
£    £    £   
COST
At 1 August 2023 1,561 35,505 15,877
Additions - - -
At 31 July 2024 1,561 35,505 15,877
DEPRECIATION
At 1 August 2023 1,561 33,884 15,043
Charge for year - 325 167
At 31 July 2024 1,561 34,209 15,210
NET BOOK VALUE
At 31 July 2024 - 1,296 667
At 31 July 2023 - 1,621 834

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 16,870 3,149 72,962
Additions - 786 786
At 31 July 2024 16,870 3,935 73,748
DEPRECIATION
At 1 August 2023 15,182 3,149 68,819
Charge for year 422 156 1,070
At 31 July 2024 15,604 3,305 69,889
NET BOOK VALUE
At 31 July 2024 1,266 630 3,859
At 31 July 2023 1,688 - 4,143

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,844 48,277

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,407 6,467
Corporation tax 16,856 21,029
Social security & other taxes 2,805 1,300
VAT 4,917 15,076
Other creditors 999 736
Directors' current accounts 63 79
Accrued expenses 2,840 2,840
34,887 47,527

Quadmost Engineering Limited (Registered number: 03118417)

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

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 5,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20 Ordinary £1 20 20
70 A Ordinary £1 70 70
10 B ordinary £1 10 10
100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D P Wareham.