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
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
Quality and Excellence Limited
Statement of financial position
as at 30 June 2024
Intangible assets
2,509
2,509
Tangible assets
3,647
10,577
Cash at bank and in hand
(55,414)
(56,099)
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)
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
Quality and Excellence Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
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
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
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
Amounts falling due within one year
Trade debtors
35,112
38,697
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
8
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
611
-
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
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).