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REGISTERED NUMBER: 07248943 (England and Wales)















QUATTRO FOODS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






QUATTRO FOODS LIMITED (REGISTERED NUMBER: 07248943)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


QUATTRO FOODS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: R A Simon
S Brower





REGISTERED OFFICE: 8 The Nelson Centre
Portfield Road
Portsmouth
Hampshire
PO3 5SF





REGISTERED NUMBER: 07248943 (England and Wales)





ACCOUNTANTS: DJH Bury Limited
The Exchange
5 Bank Street
Bury
BL9 0DN

QUATTRO FOODS LIMITED (REGISTERED NUMBER: 07248943)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 454,651 483,831

CURRENT ASSETS
Inventories 344,085 319,610
Debtors 5 655,999 662,529
Cash in hand 13,803 254
1,013,887 982,393
CREDITORS
Amounts falling due within one year 6 (1,255,588 ) (1,246,393 )
NET CURRENT LIABILITIES (241,701 ) (264,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,950

219,831

CREDITORS
Amounts falling due after more than one
year

7

(59,905

)

(120,160

)

PROVISIONS FOR LIABILITIES (15,354 ) (17,215 )
NET ASSETS 137,691 82,456

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 135,691 80,456
SHAREHOLDERS' FUNDS 137,691 82,456

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.

QUATTRO FOODS LIMITED (REGISTERED NUMBER: 07248943)

STATEMENT OF FINANCIAL POSITION - 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.

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 4 February 2025 and were signed on its behalf by:





S Brower - Director


QUATTRO FOODS LIMITED (REGISTERED NUMBER: 07248943)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Quattro Foods Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07248943 and its registered office address is 8 The Nelson Centre, Portfield Road, Portsmouth, Hampshire, PO3 5SF.

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.

The company is in a solvent position as at the year end date. The directors are confident that working capital can continue to be appropriately managed to ensure debts are paid as they fall due. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue
Revenue comprises the aggregate of the fair value of the sale of goods, net of value added tax, rebates and discounts.

Sale of goods revenue is recognised when the company has delivered products to the customer, the customer has accepted the products and collection of the related receivables is anticipated.

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

Plant and machinery etc. 10 years straight line , 5 years straight line

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Government grants
Grants of a revenue nature are credited to income in the period to which they relate.

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

The cost comprises of actual purchase price.

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 statement of financial position date.


QUATTRO FOODS LIMITED (REGISTERED NUMBER: 07248943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement 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 income statement in the period to which they relate.

Critical accounting estimates and judgements
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Estimating the useful economic life of an asset and the anticipated residual value are considered key judgement in calculating an appropriate depreciation charge.

The directors also exercise judgement when establishing an appropriate level of provision against the value of inventories.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

QUATTRO FOODS LIMITED (REGISTERED NUMBER: 07248943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 42 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 46,924 1,071,656 1,118,580
Additions - 129,981 129,981
Disposals - (77,158 ) (77,158 )
At 30 June 2024 46,924 1,124,479 1,171,403
DEPRECIATION
At 1 July 2023 8,038 626,709 634,747
Charge for year 5,982 103,767 109,749
Eliminated on disposal - (27,744 ) (27,744 )
At 30 June 2024 14,020 702,732 716,752
NET BOOK VALUE
At 30 June 2024 32,904 421,747 454,651
At 30 June 2023 38,886 444,947 483,833

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 97,962
Additions 72,685
Disposals (60,140 )
At 30 June 2024 110,507
DEPRECIATION
At 1 July 2023 3,202
Charge for year 9,982
Eliminated on disposal (18,042 )
At 30 June 2024 (4,858 )
NET BOOK VALUE
At 30 June 2024 115,365
At 30 June 2023 94,760

QUATTRO FOODS LIMITED (REGISTERED NUMBER: 07248943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 498,748 500,761
Other debtors 157,251 161,768
655,999 662,529

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 74,130 123,316
Hire purchase contracts (see note 8) 49,717 32,071
Trade creditors 380,324 409,584
Taxation and social security 26,621 127,566
Other creditors 724,796 553,856
1,255,588 1,246,393

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 74,130
Hire purchase contracts (see note 8) 59,905 46,030
59,905 120,160

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 49,717 32,071
Between one and five years 59,905 46,030
109,622 78,101

Non-cancellable operating leases
2024 2023
£    £   
Within one year 116,082 116,082
Between one and five years 402,641 436,641
In more than five years 67,841 149,923
586,564 702,646

QUATTRO FOODS LIMITED (REGISTERED NUMBER: 07248943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 74,130 155,000
Hire purchase contracts 109,622 78,101
Invoice discounting 448,163 436,882
631,915 669,983

Hire purchase contracts are secured on the assets concerned.

The invoice discounting creditor is secured over the debts to which it relates.

The bank loan is secured against a fixed and a floating charge.