IRIS Accounts Productionv24.3.2.4602144668Board of Directors1.7.2330.6.2430.6.24falsetruefalsefalsefalsetruefalse iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021446682023-06-30021446682024-06-30021446682023-07-012024-06-30021446682022-06-30021446682022-07-012023-06-30021446682023-06-3002144668ns15:EnglandWales2023-07-012024-06-3002144668ns14:PoundSterling2023-07-012024-06-3002144668ns10:Director12023-07-012024-06-3002144668ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3002144668ns10:SmallEntities2023-07-012024-06-3002144668ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3002144668ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002144668ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002144668ns10:AbridgedAccounts2023-07-012024-06-300214466812023-07-012024-06-3002144668ns5:CurrentFinancialInstruments2024-06-3002144668ns5:CurrentFinancialInstruments2023-06-3002144668ns5:FurtherSpecificReserve1ComponentTotalEquity2024-06-3002144668ns5:FurtherSpecificReserve1ComponentTotalEquity2023-06-3002144668ns5:RetainedEarningsAccumulatedLosses2024-06-3002144668ns5:RetainedEarningsAccumulatedLosses2023-06-3002144668ns5:NetGoodwill2023-07-012024-06-3002144668ns5:LeaseholdImprovements2023-07-012024-06-3002144668ns5:PlantMachinery2023-07-012024-06-3002144668ns5:FurnitureFittings2023-07-012024-06-3002144668ns5:MotorVehicles2023-07-012024-06-30

REGISTERED NUMBER: 02144668 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024


FOR



QUENTOR LIMITED


QUENTOR LIMITED (REGISTERED NUMBER: 02144668)


ABRIDGED BALANCE SHEET

30 June 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Intangible assets

5

-


-



Tangible assets

6

642,170


751,634



642,170


751,634




CURRENT ASSETS

Stocks

982,973


942,230



Debtors

1,456,298


1,032,086



Cash at bank and in hand

915,290


247,384



3,354,561


2,221,700



CREDITORS

Amounts falling due within one year

1,713,836


1,065,356



NET CURRENT ASSETS

1,640,725


1,156,344



TOTAL ASSETS LESS CURRENT

LIABILITIES

2,282,895


1,907,978




PROVISIONS FOR LIABILITIES

172,100


187,350



NET ASSETS

2,110,795


1,720,628




RESERVES

Called up share capital

94


94



Retained earnings

2,110,701


1,720,534



SHAREHOLDERS' FUNDS

2,110,795


1,720,628




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.


QUENTOR LIMITED (REGISTERED NUMBER: 02144668)


ABRIDGED BALANCE SHEET - continued

30 June 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 30 June 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 17 January 2025 and were signed on its behalf by:






K E Asbury - Director



QUENTOR LIMITED (REGISTERED NUMBER: 02144668)


NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 June 2024


1.

STATUTORY INFORMATION



Quentor Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02144668 and the registered office is 6 Lansdowne Road, Norwich, Norfolk, NR6 6NF.



The presentation currency of the financial statements is sterling.


2.

STATEMENT OF COMPLIANCE



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.  


3.

ACCOUNTING POLICIES



Basis of preparing the financial statements


The financial statements have been prepared under the historical cost convention.



Turnover


Turnover comprises the value of goods and services invoiced to customers less returns after deducting trade and other discounts and excluding value added tax together with contracted uninvoiced work and progress.



Goodwill

Goodwill has been written off over five years being its estimated useful life.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Tenants capital outlay

-

10% on cost


Tooling

-

10% on cost


Fixtures, fittings and equipment

-

at varying rates on cost


Motor vehicles

-

25% on cost



Stocks


Stocks are stated at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items on a basis consistent with previous years.



Costs comprises all costs incurred in bringing each product to its present location and condition. Net realisable value is based on estimated selling price less further costs expected to be incurred to completion and disposal.



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.


QUENTOR LIMITED (REGISTERED NUMBER: 02144668)


NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2024


3.

ACCOUNTING POLICIES - continued



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.


Research and development

Research and development expenditure is written off in the year in which it is incurred, except that development expenditure incurred on an individual project is carried forward when its future recoverability can be foreseen with reasonable assurance. Any expenditure carried forward is treated as an intangible fixed asset and amortised over its estimated economic life in line with anticipated sales from the related project.


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.


Operating leases


Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.


4.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 44 (2023 - NIL ) .


During the year, employees were transferred from the parent company to the subsidiary as part of a restructuring process.


5.

INTANGIBLE FIXED ASSETS


Totals

£   



COST


At 1 July 2023


and 30 June 2024

8,200




AMORTISATION


At 1 July 2023


and 30 June 2024

8,200




NET BOOK VALUE



At 30 June 2024

-




At 30 June 2023

-




QUENTOR LIMITED (REGISTERED NUMBER: 02144668)


NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2024


6.

TANGIBLE FIXED ASSETS


Totals

£   



COST


At 1 July 2023

1,623,359




Additions

94,532




Disposals

(24,224

)



At 30 June 2024

1,693,667




DEPRECIATION


At 1 July 2023

871,725




Charge for year

203,996




Eliminated on disposal

(24,224

)



At 30 June 2024

1,051,497




NET BOOK VALUE


At 30 June 2024

642,170




At 30 June 2023

751,634




7.

OTHER FINANCIAL COMMITMENTS


The company had total guarantees and commitments at the balance sheet date of £201,250 (2023 £402,500).

8.

RELATED PARTY DISCLOSURES



The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.