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REGISTERED NUMBER: 05450594 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Quattro's One Limited

Quattro's One Limited (Registered number: 05450594)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Quattro's One Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs L Atzeni
Mrs S L McCrory
Mr R Atzeni



SECRETARY: Mrs L Atzeni



REGISTERED OFFICE: Rainford Road
Bickerstaffe
Ormskirk
Lancashire
L39 0HF



REGISTERED NUMBER: 05450594 (England and Wales)



ACCOUNTANTS: Ashworth Treasure Limited
Chartered Accountants
17-19 Park Street
Lytham
Lancashire
FY8 5LU



BANKERS: Royal Bank of Scotland plc
Preston Fishergate branch
97 Fishergate
PRESTON
Lancashire
PR1 2DP

Quattro's One Limited (Registered number: 05450594)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 40,000
Tangible assets 5 413,918 437,160
433,918 477,160

CURRENT ASSETS
Stocks 5,850 4,800
Debtors 21,735 38,975
Prepayments and accrued income 18,973 962
Cash at bank and in hand 335,109 334,850
381,667 379,587
CREDITORS
Amounts falling due within one year 167,876 225,451
NET CURRENT ASSETS 213,791 154,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

647,709

631,296

CREDITORS
Amounts falling due after more than one
year

6

(111,607

)

(125,982

)

PROVISIONS FOR LIABILITIES (15,402 ) (18,767 )
NET ASSETS 520,700 486,547

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 520,200 486,047
SHAREHOLDERS' FUNDS 520,700 486,547

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's One Limited (Registered number: 05450594)

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 20 February 2025 and were signed on its behalf by:





Mrs S L McCrory - Director


Quattro's One Limited (Registered number: 05450594)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Quattro's One 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at purchase price, less depreciation and amounts written off.

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.

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 27 (2023 - 25 ) .

Quattro's One Limited (Registered number: 05450594)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 400,000
AMORTISATION
At 1 July 2023 360,000
Amortisation for year 20,000
At 30 June 2024 380,000
NET BOOK VALUE

At 30 June 2024 20,000
At 30 June 2023 40,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 885,218
Disposals (25,378 )
At 30 June 2024 859,840
DEPRECIATION
At 1 July 2023 448,058
Charge for year 20,701
Eliminated on disposal (22,837 )
At 30 June 2024 445,922
NET BOOK VALUE
At 30 June 2024 413,918
At 30 June 2023 437,160

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 57,947 76,137

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 125,022 146,443

Quattro's One Limited (Registered number: 05450594)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mrs L Atzeni
Balance outstanding at start of year 21,335 30,047
Amounts advanced 19,521 21,288
Amounts repaid (22,000 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,856 21,335

Mr R Atzeni
Balance outstanding at start of year 10,080 (5,375 )
Amounts advanced 1,751 30,455
Amounts repaid (15,000 ) (15,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,169 ) 10,080

Interest is charged on overdrawn loan amounts at the official rate.