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Company Registration No. 07279003 (England and Wales)
Quality and Excellence Limited Unaudited accounts for the year ended 30 June 2024
Quality and Excellence Limited Unaudited accounts Contents
Page
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Quality and Excellence Limited Company Information for the year ended 30 June 2024
Directors
Sarah Jane Scrace Mark Anthony Scrace
Company Number
07279003 (England and Wales)
Registered Office
12 FOREST DRIVE THEYDON BOIS ESSEX CM16 7EY GB
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Quality and Excellence Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,509 
2,509 
Tangible assets
3,647 
10,577 
6,156 
13,086 
Current assets
Inventories
2,382 
1,986 
Debtors
54,470 
50,355 
Cash at bank and in hand
(55,414)
(56,099)
1,438 
(3,758)
Creditors: amounts falling due within one year
(61,824)
(53,275)
Net current liabilities
(60,386)
(57,033)
Total assets less current liabilities
(54,230)
(43,947)
Creditors: amounts falling due after more than one year
(25,977)
(32,889)
Net liabilities
(80,207)
(76,836)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(80,209)
(76,838)
Shareholders' funds
(80,207)
(76,836)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by
Mark Anthony Scrace Director Company Registration No. 07279003
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Quality and Excellence Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Quality and Excellence Limited is a private company, limited by shares, registered in England and Wales, registration number 07279003. The registered office is 12 FOREST DRIVE, THEYDON BOIS, ESSEX, CM16 7EY, GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2023
2,509 
At 30 June 2024
2,509 
Amortisation
At 1 July 2023
- 
At 30 June 2024
- 
Net book value
At 30 June 2024
2,509 
At 30 June 2023
2,509 
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Quality and Excellence Limited Notes to the Accounts for the year ended 30 June 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
3,976 
15,122 
8,311 
9,903 
37,312 
Additions
1,784 
- 
- 
- 
1,784 
Disposals
- 
(3,122)
- 
- 
(3,122)
At 30 June 2024
5,760 
12,000 
8,311 
9,903 
35,974 
Depreciation
At 1 July 2023
1,812 
12,000 
7,283 
5,640 
26,735 
Charge for the year
1,832 
- 
- 
3,760 
5,592 
At 30 June 2024
3,644 
12,000 
7,283 
9,400 
32,327 
Net book value
At 30 June 2024
2,116 
- 
1,028 
503 
3,647 
At 30 June 2023
2,164 
3,122 
1,028 
4,263 
10,577 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
19,358 
11,658 
Trade debtors
35,112 
38,697 
54,470 
50,355 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
(43,211)
(55,132)
Taxes and social security
24,778 
24,440 
Other creditors
8,969 
8,967 
Loans from directors
71,288 
75,000 
61,824 
53,275 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,366 
32,889 
Taxes and social security
611 
- 
25,977 
32,889 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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Quality and Excellence Limited Notes to the Accounts for the year ended 30 June 2024
10
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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