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REGISTERED NUMBER: 04691314 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Quality & Environmental
Development Limited

Quality & Environmental
Development Limited (Registered number: 04691314)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Quality & Environmental
Development Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: D Evans





REGISTERED OFFICE: 1 Tucker Hill
Balmoral Park
Clitheroe
Lancashire
BB7 2NR





REGISTERED NUMBER: 04691314 (England and Wales)





ACCOUNTANTS: FS Accountants Limited
2 York Street
Clitheroe
Lancashire
BB7 2DL

Quality & Environmental
Development Limited (Registered number: 04691314)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,512 2,016
1,512 2,016

CURRENT ASSETS
Debtors 2,340 11,593
Cash at bank 39,556 27,806
41,896 39,399
CREDITORS
Amounts falling due within one year 12,192 11,215
NET CURRENT ASSETS 29,704 28,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,216

30,200

PROVISIONS FOR LIABILITIES 302 403
NET ASSETS 30,914 29,797

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 30,804 29,687
SHAREHOLDERS' FUNDS 30,914 29,797

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 director acknowledges his 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 & Environmental
Development Limited (Registered number: 04691314)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 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 director and authorised for issue on 25 March 2025 and were signed by:





D Evans - Director


Quality & Environmental
Development Limited (Registered number: 04691314)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Quality & Environmental Development 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 2004, 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.
Plant and machinery - 15% on reducing balance
Computer equipment - 25% on reducing balance

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.

Quality & Environmental
Development Limited (Registered number: 04691314)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 86,600
AMORTISATION
At 1 April 2023
and 31 March 2024 86,600
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 15,031
DEPRECIATION
At 1 April 2023 13,015
Charge for year 504
At 31 March 2024 13,519
NET BOOK VALUE
At 31 March 2024 1,512
At 31 March 2023 2,016

6. ULTIMATE CONTROLLING PARTY

The controlling party is D Evans.