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REGISTERED NUMBER: 00634519 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

QUALITY CASTINGS (SLOUGH) LIMITED

QUALITY CASTINGS (SLOUGH) LIMITED (REGISTERED NUMBER: 00634519)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUALITY CASTINGS (SLOUGH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr P E Tarrant
Mrs M A Tarrant
Mrs P A Honeyman





SECRETARY: Mrs M A Tarrant





REGISTERED OFFICE: Northern Way
Bury St Edmunds
Suffolk
IP32 6NW





REGISTERED NUMBER: 00634519 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

QUALITY CASTINGS (SLOUGH) LIMITED (REGISTERED NUMBER: 00634519)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,682 75,239

CURRENT ASSETS
Stocks 5 161,999 80,527
Debtors 6 1,506,618 1,379,570
Cash at bank and in hand 108,279 177,077
1,776,896 1,637,174
CREDITORS
Amounts falling due within one year 7 1,079,320 754,293
NET CURRENT ASSETS 697,576 882,881
TOTAL ASSETS LESS CURRENT
LIABILITIES

765,258

958,120

PROVISIONS FOR LIABILITIES - (9,060 )

ACCRUALS AND DEFERRED INCOME - 6,961
NET ASSETS 765,258 956,021

CAPITAL AND RESERVES
Called up share capital 250,000 250,000
Retained earnings 515,258 706,021
SHAREHOLDERS' FUNDS 765,258 956,021

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

QUALITY CASTINGS (SLOUGH) LIMITED (REGISTERED NUMBER: 00634519)

BALANCE SHEET - continued
31 AUGUST 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 19 February 2025 and were signed on its behalf by:





Mr P E Tarrant - Director


QUALITY CASTINGS (SLOUGH) LIMITED (REGISTERED NUMBER: 00634519)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Quality Castings (Slough) 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.
Plant & machinery - 20% on reducing balance
Fixtures & fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 33% 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

QUALITY CASTINGS (SLOUGH) LIMITED (REGISTERED NUMBER: 00634519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 31 ) .

4. TANGIBLE FIXED ASSETS
Plant & Fixtures Motor
machinery & fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 1,250,045 37,845 52,250 138,960 1,479,100
Additions 16,045 1,484 - 384 17,913
Disposals (13,632 ) - (31,400 ) (2,863 ) (47,895 )
At 31 August 2024 1,252,458 39,329 20,850 136,481 1,449,118
DEPRECIATION
At 1 September 2023 1,186,074 36,946 43,657 137,184 1,403,861
Charge for year 12,160 477 456 1,801 14,894
Eliminated on disposal (9,824 ) - (24,632 ) (2,863 ) (37,319 )
At 31 August 2024 1,188,410 37,423 19,481 136,122 1,381,436
NET BOOK VALUE
At 31 August 2024 64,048 1,906 1,369 359 67,682
At 31 August 2023 63,971 899 8,593 1,776 75,239

5. STOCKS
2024 2023
£    £   
Stocks 161,999 80,527

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 840,599 739,633
Other debtors 584 1,829
Prepayments 109,863 94,800
951,046 836,262

Amounts falling due after more than one year:
Amounts owed by group undertakings 555,572 543,308

Aggregate amounts 1,506,618 1,379,570

QUALITY CASTINGS (SLOUGH) LIMITED (REGISTERED NUMBER: 00634519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 740,045 510,124
Social security and other taxes 79,482 85,960
Other creditors 5,682 5,375
Directors' current accounts 217,511 118,046
Accrued expenses 36,600 34,788
1,079,320 754,293