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Company Registration No. 06304569 (England and Wales)
Quattro Sports Limited Unaudited accounts for the year ended 31 July 2024
Quattro Sports Limited Unaudited accounts Contents
Page
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Quattro Sports Limited Company Information for the year ended 31 July 2024
Director
Peter White
Company Number
06304569 (England and Wales)
Registered Office
72 Sands Lane Scotter Lincolnshire DN21 3TS United Kingdom
Accountants
Elevate Accounting Solutions Limited 14 John Bradshaw Court Alexandria Way Congleton CW12 1LB
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Quattro Sports Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
68 
102 
Tangible assets
21,369 
2,181 
21,437 
2,283 
Current assets
Inventories
401,530 
471,558 
Debtors
4,040 
3,922 
Cash at bank and in hand
969 
56,603 
406,539 
532,083 
Creditors: amounts falling due within one year
(163,021)
(285,716)
Net current assets
243,518 
246,367 
Total assets less current liabilities
264,955 
248,650 
Creditors: amounts falling due after more than one year
(9,341)
- 
Provisions for liabilities
Deferred tax
(4,073)
(434)
Net assets
251,541 
248,216 
Capital and reserves
Called up share capital
103 
103 
Profit and loss account
251,438 
248,113 
Shareholders' funds
251,541 
248,216 
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 15 January 2025 and were signed on its behalf by
Peter White Director Company Registration No. 06304569
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Quattro Sports Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Quattro Sports Limited is a private company, limited by shares, registered in England and Wales, registration number 06304569. The registered office is 72 Sands Lane, Scotter, Lincolnshire, DN21 3TS, United Kingdom.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Plant & machinery
5 years - straight line on cost
Motor vehicles
3 years - straight line on cost
Computer equipment
3 years - straight line on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Quattro Sports Limited Notes to the Accounts for the year ended 31 July 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2023
170 
At 31 July 2024
170 
Amortisation
At 1 August 2023
68 
Charge for the year
34 
At 31 July 2024
102 
Net book value
At 31 July 2024
68 
At 31 July 2023
102 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
5,301 
8,500 
8,770 
22,571 
Additions
23,942 
- 
1,784 
25,726 
At 31 July 2024
29,243 
8,500 
10,554 
48,297 
Depreciation
At 1 August 2023
4,768 
8,500 
7,122 
20,390 
Charge for the year
5,043 
- 
1,495 
6,538 
At 31 July 2024
9,811 
8,500 
8,617 
26,928 
Net book value
At 31 July 2024
19,432 
- 
1,937 
21,369 
At 31 July 2023
533 
- 
1,648 
2,181 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,870 
2,772 
Other debtors
1,170 
1,150 
4,040 
3,922 
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Quattro Sports Limited Notes to the Accounts for the year ended 31 July 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
78,831 
80,894 
VAT
31,085 
43,234 
Obligations under finance leases and hire purchase contracts
6,007 
- 
Trade creditors
45,414 
113,568 
Taxes and social security
4,200 
35,035 
Other creditors
(2,516)
404 
Loans from directors
- 
12,581 
163,021 
285,716 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
9,341 
- 
9
Average number of employees
During the year the average number of employees was 4 (2023: 5).
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