IRIS Accounts Production v24.3.2.46 02387918 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023879182023-03-31023879182024-03-31023879182023-04-012024-03-31023879182022-03-31023879182022-04-012023-03-31023879182023-03-3102387918ns15:EnglandWales2023-04-012024-03-3102387918ns14:PoundSterling2023-04-012024-03-3102387918ns10:Director12023-04-012024-03-3102387918ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102387918ns10:SmallEntities2023-04-012024-03-3102387918ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102387918ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102387918ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102387918ns10:FullAccounts2023-04-012024-03-3102387918ns10:Director22023-04-012024-03-3102387918ns10:CompanySecretary12023-04-012024-03-3102387918ns10:RegisteredOffice2023-04-012024-03-3102387918ns5:CurrentFinancialInstruments2024-03-3102387918ns5:CurrentFinancialInstruments2023-03-3102387918ns5:ShareCapital2024-03-3102387918ns5:ShareCapital2023-03-3102387918ns5:RetainedEarningsAccumulatedLosses2024-03-3102387918ns5:RetainedEarningsAccumulatedLosses2023-03-3102387918ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-04-012024-03-3102387918ns5:FurnitureFittings2023-04-012024-03-3102387918ns5:LandBuildings2023-03-3102387918ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3102387918ns5:FurnitureFittings2023-03-3102387918ns5:LandBuildings2023-04-012024-03-3102387918ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3102387918ns5:LandBuildings2024-03-3102387918ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3102387918ns5:FurnitureFittings2024-03-3102387918ns5:LandBuildings2023-03-3102387918ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3102387918ns5:FurnitureFittings2023-03-3102387918ns5:CostValuation2023-03-3102387918ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3102387918ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 02387918 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

QUINTIN ELECTRICS LIMITED

QUINTIN ELECTRICS LIMITED (REGISTERED NUMBER: 02387918)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUINTIN ELECTRICS LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M A Seedat
Y A Seedat





SECRETARY: Y A Seedat





REGISTERED OFFICE: 331Derby Street
Bolton
Lancashire
BL3 6LH





REGISTERED NUMBER: 02387918 (England and Wales)





ACCOUNTANTS: K G Solanki & Co.
Hamilton House
315 St Saviours Road
Leicester
Leicestershire
LE5 4HG

QUINTIN ELECTRICS LIMITED (REGISTERED NUMBER: 02387918)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,291,673 4,565,426
Investments 5 100 100
4,291,773 4,565,526

CURRENT ASSETS
Debtors 6 882,003 162,277
Cash in hand 1,324,390 2,112,095
2,206,393 2,274,372
CREDITORS
Amounts falling due within one year 7 315,525 504,986
NET CURRENT ASSETS 1,890,868 1,769,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,182,641

6,334,912

CAPITAL AND RESERVES
Called up share capital 370,199 370,199
Retained earnings 5,812,442 5,964,713
SHAREHOLDERS' FUNDS 6,182,641 6,334,912

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

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

QUINTIN ELECTRICS LIMITED (REGISTERED NUMBER: 02387918)

Balance Sheet - continued
31 MARCH 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 14 February 2025 and were signed on its behalf by:





M A Seedat - Director


QUINTIN ELECTRICS LIMITED (REGISTERED NUMBER: 02387918)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Quintin Electrics 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 10% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

QUINTIN ELECTRICS LIMITED (REGISTERED NUMBER: 02387918)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and
property leasehold fittings Totals
£    £    £    £   
COST
At 1 April 2023 2,252,385 3,620,446 37,506 5,910,337
Disposals (187,145 ) - - (187,145 )
At 31 March 2024 2,065,240 3,620,446 37,506 5,723,192
DEPRECIATION
At 1 April 2023 126,480 1,180,926 37,505 1,344,911
Charge for year 14,199 72,409 - 86,608
At 31 March 2024 140,679 1,253,335 37,505 1,431,519
NET BOOK VALUE
At 31 March 2024 1,924,561 2,367,111 1 4,291,673
At 31 March 2023 2,125,905 2,439,520 1 4,565,426

5. FIXED ASSET INVESTMENTS
Other
investmen
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

QUINTIN ELECTRICS LIMITED (REGISTERED NUMBER: 02387918)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 2,797 378
Other debtors 860,000 150,000
Prepayments and accrued income 19,206 11,899
882,003 162,277

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 27,105 39,267
Tax 116,438 92,817
VAT 3,831 3,754
Directors' current accounts 166,856 367,821
Accrued expenses 1,295 1,327
315,525 504,986

8. RELATED PARTY DISCLOSURES

The two directors are also directors of Benningford Limited.
Quintin Electrics Limited is the holding company of Benningford Limited.

9. CONTROLLING INTEREST

Mr M A Seedat , Mr Y A Seedat are directors and controlling shareholders in Quintin Electrics Limited.