2023-10-012024-09-302024-09-30false11117404QUICK SERV LIMITED2025-04-1456102falseiso4217:GBPxbrli:pure111174042023-10-01111174042024-09-30111174042023-10-012024-09-30111174042022-10-01111174042023-09-30111174042022-10-012023-09-3011117404bus:SmallEntities2023-10-012024-09-3011117404bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3011117404bus:FullAccounts2023-10-012024-09-3011117404bus:PrivateLimitedCompanyLtd2023-10-012024-09-3011117404core:WithinOneYear2024-09-3011117404core:AfterOneYear2024-09-3011117404core:WithinOneYear2023-09-3011117404core:AfterOneYear2023-09-3011117404core:ShareCapital2024-09-3011117404core:SharePremium2024-09-3011117404core:RevaluationReserve2024-09-3011117404core:OtherReservesSubtotal2024-09-3011117404core:RetainedEarningsAccumulatedLosses2024-09-3011117404core:ShareCapital2023-09-3011117404core:SharePremium2023-09-3011117404core:RevaluationReserve2023-09-3011117404core:OtherReservesSubtotal2023-09-3011117404core:RetainedEarningsAccumulatedLosses2023-09-3011117404core:LandBuildings2024-09-3011117404core:PlantMachinery2024-09-3011117404core:Vehicles2024-09-3011117404core:FurnitureFittings2024-09-3011117404core:OfficeEquipment2024-09-3011117404core:NetGoodwill2024-09-3011117404core:IntangibleAssetsOtherThanGoodwill2024-09-3011117404core:ListedExchangeTraded2024-09-3011117404core:UnlistedNon-exchangeTraded2024-09-3011117404core:LandBuildings2023-09-3011117404core:PlantMachinery2023-09-3011117404core:Vehicles2023-09-3011117404core:FurnitureFittings2023-09-3011117404core:OfficeEquipment2023-09-3011117404core:NetGoodwill2023-09-3011117404core:IntangibleAssetsOtherThanGoodwill2023-09-3011117404core:ListedExchangeTraded2023-09-3011117404core:UnlistedNon-exchangeTraded2023-09-3011117404core:LandBuildings2023-10-012024-09-3011117404core:PlantMachinery2023-10-012024-09-3011117404core:Vehicles2023-10-012024-09-3011117404core:FurnitureFittings2023-10-012024-09-3011117404core:OfficeEquipment2023-10-012024-09-3011117404core:NetGoodwill2023-10-012024-09-3011117404core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3011117404core:ListedExchangeTraded2023-10-012024-09-3011117404core:UnlistedNon-exchangeTraded2023-10-012024-09-3011117404core:MoreThanFiveYears2023-10-012024-09-3011117404core:Non-currentFinancialInstruments2024-09-3011117404core:Non-currentFinancialInstruments2023-09-3011117404dpl:CostSales2023-10-012024-09-3011117404dpl:DistributionCosts2023-10-012024-09-3011117404core:LandBuildings2023-10-012024-09-3011117404core:PlantMachinery2023-10-012024-09-3011117404core:Vehicles2023-10-012024-09-3011117404core:FurnitureFittings2023-10-012024-09-3011117404core:OfficeEquipment2023-10-012024-09-3011117404dpl:AdministrativeExpenses2023-10-012024-09-3011117404core:NetGoodwill2023-10-012024-09-3011117404core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3011117404dpl:GroupUndertakings2023-10-012024-09-3011117404dpl:ParticipatingInterests2023-10-012024-09-3011117404dpl:GroupUndertakingscore:ListedExchangeTraded2023-10-012024-09-3011117404core:ListedExchangeTraded2023-10-012024-09-3011117404dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-10-012024-09-3011117404core:UnlistedNon-exchangeTraded2023-10-012024-09-3011117404dpl:CostSales2022-10-012023-09-3011117404dpl:DistributionCosts2022-10-012023-09-3011117404core:LandBuildings2022-10-012023-09-3011117404core:PlantMachinery2022-10-012023-09-3011117404core:Vehicles2022-10-012023-09-3011117404core:FurnitureFittings2022-10-012023-09-3011117404core:OfficeEquipment2022-10-012023-09-3011117404dpl:AdministrativeExpenses2022-10-012023-09-3011117404core:NetGoodwill2022-10-012023-09-3011117404core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3011117404dpl:GroupUndertakings2022-10-012023-09-3011117404dpl:ParticipatingInterests2022-10-012023-09-3011117404dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-3011117404core:ListedExchangeTraded2022-10-012023-09-3011117404dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-3011117404core:UnlistedNon-exchangeTraded2022-10-012023-09-3011117404core:NetGoodwill2024-09-3011117404core:IntangibleAssetsOtherThanGoodwill2024-09-3011117404core:LandBuildings2024-09-3011117404core:PlantMachinery2024-09-3011117404core:Vehicles2024-09-3011117404core:FurnitureFittings2024-09-3011117404core:OfficeEquipment2024-09-3011117404core:AfterOneYear2024-09-3011117404core:WithinOneYear2024-09-3011117404core:ListedExchangeTraded2024-09-3011117404core:UnlistedNon-exchangeTraded2024-09-3011117404core:ShareCapital2024-09-3011117404core:SharePremium2024-09-3011117404core:RevaluationReserve2024-09-3011117404core:OtherReservesSubtotal2024-09-3011117404core:RetainedEarningsAccumulatedLosses2024-09-3011117404core:NetGoodwill2023-09-3011117404core:IntangibleAssetsOtherThanGoodwill2023-09-3011117404core:LandBuildings2023-09-3011117404core:PlantMachinery2023-09-3011117404core:Vehicles2023-09-3011117404core:FurnitureFittings2023-09-3011117404core:OfficeEquipment2023-09-3011117404core:AfterOneYear2023-09-3011117404core:WithinOneYear2023-09-3011117404core:ListedExchangeTraded2023-09-3011117404core:UnlistedNon-exchangeTraded2023-09-3011117404core:ShareCapital2023-09-3011117404core:SharePremium2023-09-3011117404core:RevaluationReserve2023-09-3011117404core:OtherReservesSubtotal2023-09-3011117404core:RetainedEarningsAccumulatedLosses2023-09-3011117404core:NetGoodwill2022-10-0111117404core:IntangibleAssetsOtherThanGoodwill2022-10-0111117404core:LandBuildings2022-10-0111117404core:PlantMachinery2022-10-0111117404core:Vehicles2022-10-0111117404core:FurnitureFittings2022-10-0111117404core:OfficeEquipment2022-10-0111117404core:AfterOneYear2022-10-0111117404core:WithinOneYear2022-10-0111117404core:ListedExchangeTraded2022-10-0111117404core:UnlistedNon-exchangeTraded2022-10-0111117404core:ShareCapital2022-10-0111117404core:SharePremium2022-10-0111117404core:RevaluationReserve2022-10-0111117404core:OtherReservesSubtotal2022-10-0111117404core:RetainedEarningsAccumulatedLosses2022-10-0111117404core:AfterOneYear2023-10-012024-09-3011117404core:WithinOneYear2023-10-012024-09-3011117404core:Non-currentFinancialInstrumentscore:CostValuation2023-10-012024-09-3011117404core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-012024-09-3011117404core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-012024-09-3011117404core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-012024-09-3011117404core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-012024-09-3011117404core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-012024-09-3011117404core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3011117404core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3011117404core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3011117404core:Non-currentFinancialInstrumentscore:CostValuation2024-09-3011117404core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-09-3011117404core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-09-3011117404core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-09-3011117404core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-09-3011117404core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-09-3011117404core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-09-3011117404core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-09-3011117404core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-09-3011117404core:Non-currentFinancialInstrumentscore:CostValuation2023-09-3011117404core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-3011117404core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-3011117404core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-3011117404core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-3011117404core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-3011117404core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-3011117404core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-3011117404core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-3011117404bus:Director12023-10-012024-09-3011117404bus:Director22023-10-012024-09-30

QUICK SERV LIMITED

Registered Number
11117404
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

QUICK SERV LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

FAIRBAIRN, Natalie Louise
FAIRBAIRN, Ross Daniel

Registered Address

Subway
96-106 Whitegate Drive
Blackpool
FY3 9ES

Registered Number

11117404 (England and Wales)
QUICK SERV LIMITED
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3273,079371,788
Tangible assets4468,980566,167
742,059937,955
Current assets
Stocks529,39342,044
Debtors6482,326562,805
Cash at bank and on hand165,984178,836
677,703783,685
Creditors amounts falling due within one year7(1,226,815)(1,703,548)
Net current assets (liabilities)(549,112)(919,863)
Total assets less current liabilities192,94718,092
Creditors amounts falling due after one year8(133,337)(206,475)
Provisions for liabilities11(56,020)(50,694)
Net assets3,590(239,077)
Capital and reserves
Called up share capital100100
Profit and loss account3,490(239,177)
Shareholders' funds3,590(239,077)
The financial statements were approved and authorised for issue by the Board of Directors on 14 April 2025, and are signed on its behalf by:
FAIRBAIRN, Ross Daniel
Director
Registered Company No. 11117404
QUICK SERV LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings10
Plant and machinery7
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year8286
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 October 23553,84439,612593,456
Disposals(81,449)(5,150)(86,599)
At 30 September 24472,39534,462506,857
Amortisation and impairment
At 01 October 23205,22216,446221,668
Charge for year56,1353,80359,938
On disposals(45,001)(2,827)(47,828)
At 30 September 24216,35617,422233,778
Net book value
At 30 September 24256,03917,040273,079
At 30 September 23348,62223,166371,788
4.Tangible fixed assets

Land & buildings

Plant & machinery

Total

£££
Cost or valuation
At 01 October 23301,605574,941876,546
Additions-1,0771,077
Disposals(1,288)(150)(1,438)
At 30 September 24300,317575,868876,185
Depreciation and impairment
At 01 October 2399,920210,459310,379
Charge for year30,16067,40297,562
On disposals(665)(71)(736)
At 30 September 24129,415277,790407,205
Net book value
At 30 September 24170,902298,078468,980
At 30 September 23201,685364,482566,167
5.Stocks

2024

2023

££
Raw materials and consumables29,39342,044
Total29,39342,044
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables3,8063,579
Other debtors450,817548,558
Prepayments and accrued income27,70310,668
Total482,326562,805
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables429,182428,321
Bank borrowings and overdrafts135,159152,779
Taxation and social security87,12139,572
Finance lease and HP contracts95,10581,075
Other creditors405,963724,809
Accrued liabilities and deferred income74,285276,992
Total1,226,8151,703,548
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts127,471206,475
Other creditors5,866-
Total133,337206,475
9.Secured creditors
Included in bank borrowings are loans which are secured by personal guarantees entered into by the directors and are by fixed and floating charges over the company assets.
10.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts5,866-
11.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)56,02050,694
Total56,02050,694
12.Other commitments
The total amount of financial commitments not included in the balance sheet at the year end is £906,427 (2023: £1,000,028).
13.Operating lease commitments
At 30 September 2024 the company had future minimum lease payments under non-cancellable operating leases of £45,533 (2023: £98,707). The operating lease agreements are secured by the underlying assets held under such agreements. Additional security has only been offered by the shareholders of the company in the form of personal guarantees.
14.Related party transactions
A balance of £37,617 included in other loans is secured on the property that belongs to another company of which Mr R D Fairbairn is also a director and shareholder (2023: £62,789). Quick Serv Limited borrowed funds from a company of which of which Mr R D Fairbairn is a director and shareholder. The amount outstanding at the year end was £370,961 (31 October 2023 - £679,444). Interest is charged at 10% and the loan is repayable on demand. Quick Serv Limited loaned funds to another company of which Mr R D Fairbairn is a director and shareholder. The amount outstanding at the year end was £442,746 (31 October 2023 - £462,736). The loan is interest free and is repayable on demand.