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Registration number: 06011790

Quadzilla Limited

Annual Report and Financial Statements

for the Year Ended 30 September 2024

 

Quadzilla Limited

Contents

Company Information

1

Strategic Report

2

Director's Report

3

Statement of Director's Responsibilities

4

Independent Auditor's Report

5 to 7

Profit and Loss Account and Statement of Retained Earnings

8

Balance Sheet

9

Statement of Cash Flows

10

Notes to the Financial Statements

11 to 19

 

Quadzilla Limited

Company Information

Director

H M Hinkley

Company secretary

M Lee

Registered office

Lodge Farm,
Tetford Road
High Toynton
Lincolnshire
LN9 6NR

Auditors

Forrester Boyd Robson Limited
Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

 

Quadzilla Limited

Strategic Report for the Year Ended 30 September 2024

The Director presents the strategic report for the year ended 30 September 2024.

Principal activity

The principal activity of the Company continues to be the importation and wholesale distribution of all-terrain vehicles.

Fair review of the business

I aim to present a balanced and comprehensive review of the development and performance of the business during the period and its position at the period end.

My review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainities I face.

During the 2023/24 financial year, the Company strategically streamlined its core business operations, placing a strong emphasis on the distribution and promotion of CFMOTO branded products. In alignment with our future growth strategy, significant investment has been made in enhancing the digital aspects of our operations. This digital transformation is expected to increase our efficiency, responsiveness, and overall market competitiveness.

Financial performance during the year demonstrated continued strength and resilience, reflecting our focused approach and strategic realignment.

The Company's key financial and other performance indicators during the year were as follows:

Financial KPIs

Unit

2024

2023

Turnover

£

15,205,927

15,425,360

Gross profit margin

%

26

29

Profit before tax

£

2,676,625

3,177,201

Principal risks and uncertainties

The Company operates within an environment that continues to present a variety of risks and uncertainties. Among these, global economic uncertainty remains a significant concern, potentially affecting consumer confidence and demand for all-terrain vehicles. Additionally, the UK's broader economic strategy and ongoing adjustments in farming policy may directly influence our core customer segments.

Currency fluctuations also represent a substantial area of risk, given our reliance on international supply chains and imports. Moreover, recent volatility within the banking sector could impact financial stability and credit availability, both for our Company and for our dealers and distributors.

Furthermore, the market saturation and competitive offerings from other industry players require continual innovation and market responsiveness to maintain our position and growth trajectory. The Director remains mindful of these risks, proactively managing them through prudent financial management and strategic planning.

Approved and authorised by the director on 24 April 2025
 

.........................................
H M Hinkley
Director

 

Quadzilla Limited

Director's Report for the Year Ended 30 September 2024

The report and the financial statements for the year ended 30 September 2024.

Director of the Company

The Director who held office during the year was as follows:

H M Hinkley

Financial instruments

Objectives and policies

The overall objective of the directors is to ensure that the business is profitable and stable and will continue to be successful for the benefit of the shareholders and employees.

Price risk, credit risk, liquidity risk and cash flow risk

The business' principle financial instruments comprise bank balances, bank overdrafts, trade debtors and trade creditors. The main purpose of these instruments is to finance the business' operations.

In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of overdrafts at floating rates of interest.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors.

Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

Disclosure of information to the auditors

The Director has taken steps that ought to have taken as a Director in order to make aware of any relevant audit information and to establish that the Company's auditors are aware of that information. The Director confirms that there is no relevant information that of and of which the auditors are unaware.

Approved and authorised by the director on 24 April 2025
 

.........................................
H M Hinkley
Director

 

Quadzilla Limited

Statement of Director's Responsibilities

The responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Director to prepare financial statements for each financial year. Under that law the Director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Director must not approve the financial statements unless satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the Director is required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable to ensure that the financial statements comply with the Companies Act 2006. also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Quadzilla Limited

Independent Auditor's Report to the Members of Quadzilla Limited

Opinion

We have audited the financial statements of Quadzilla Limited (the 'Company') for the year ended 30 September 2024, which comprise the Profit and Loss Account and Statement of Retained Earnings, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the Company's affairs as at 30 September 2024 and of its profit for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the Director with respect to going concern are described in the relevant sections of this report.

Other information

The Director is responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

 

Quadzilla Limited

Independent Auditor's Report to the Members of Quadzilla Limited

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of Director's remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

Responsibilities of the Director

As explained more fully in the Statement of Director's Responsibilities [set out on page 4], the Director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Director is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Director either intends to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- testing management override controls including journal testing and review accounting estimates for
reasonableness
- enquiries of management of actual and potential litigation claims
- enquiries of management including fraud and associated risks
- discussions with management, including consideration of known or suspected instances of non-compliance
- testing focussing on the area of the financial statements most suspectible to material error including completeness
of income to ensure correct matching of revenue and costs.

Because of inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from events and transactions reflected in
the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also
greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment,
forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the Company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

 

Quadzilla Limited

Independent Auditor's Report to the Members of Quadzilla Limited

......................................
Adam Millson ACA (Senior Statutory Auditor)
For and on behalf of Forrester Boyd Robson Limited, Statutory Auditor

Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

24 April 2025

 

Quadzilla Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 30 September 2024

Note

2024
£

2023
£

Turnover

3

15,205,927

15,425,360

Cost of sales

 

(11,262,708)

(10,927,565)

Gross profit

 

3,943,219

4,497,795

Administrative expenses

 

(1,303,448)

(1,321,921)

Operating profit

4

2,639,771

3,175,874

Other interest receivable and similar income

5

8,365

1,062

Interest payable and similar charges

6

28,489

265

 

36,854

1,327

Profit before tax

 

2,676,625

3,177,201

Taxation

10

(679,411)

(707,003)

Profit for the financial year

 

1,997,214

2,470,198

Retained earnings brought forward

 

6,768,401

4,326,203

Dividends paid

 

-

(28,000)

Retained earnings carried forward

 

8,765,615

6,768,401

 

Quadzilla Limited

(Registration number: 06011790)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

11

838

978

Tangible assets

12

1,322,498

1,423,205

 

1,323,336

1,424,183

Current assets

 

Stocks

13

2,656,967

3,474,730

Debtors

14

4,548,981

835,703

Cash at bank and in hand

 

1,818,760

2,637,000

 

9,024,708

6,947,433

Creditors: Amounts falling due within one year

16

(1,512,413)

(1,524,008)

Net current assets

 

7,512,295

5,423,425

Total assets less current liabilities

 

8,835,631

6,847,608

Provisions for liabilities

17

(69,916)

(79,107)

Net assets

 

8,765,715

6,768,501

Capital and reserves

 

Called up share capital

100

100

Retained earnings

8,765,615

6,768,401

Shareholders' funds

 

8,765,715

6,768,501

Approved and authorised by the director on 24 April 2025
 

.........................................
H M Hinkley
Director

 

Quadzilla Limited

Statement of Cash Flows for the Year Ended 30 September 2024

Note

2024
£

2023
£

Cash flows from operating activities

Profit for the year

 

1,997,214

2,470,198

Adjustments to cash flows from non-cash items

 

Depreciation and amortisation

4

94,735

101,940

(Profit)/loss on disposal of tangible assets

(4,380)

23,611

Finance income

5

(8,365)

(1,062)

Income tax expense

10

679,411

707,003

 

2,758,615

3,301,690

Working capital adjustments

 

Decrease/(increase) in stocks

13

817,763

(2,510,507)

(Increase)/decrease in trade debtors

14

(3,713,278)

466,535

(Decrease)/increase in trade creditors

16

(826)

215,662

Cash generated from operations

 

(137,726)

1,473,380

Income taxes paid

10

(697,076)

(80,955)

Net cash flow from operating activities

 

(834,802)

1,392,425

Cash flows from investing activities

 

Interest received

5

8,365

1,062

Acquisitions of tangible assets

(47,758)

(327,254)

Proceeds from sale of tangible assets

 

58,250

34,500

Net cash flows from investing activities

 

18,857

(291,692)

Cash flows from financing activities

 

Dividends paid

21

-

(28,000)

Net (decrease)/increase in cash and cash equivalents

 

(815,945)

1,072,733

Cash and cash equivalents at 1 October

 

2,634,705

1,561,972

Cash and cash equivalents at 30 September

 

1,818,760

2,634,705

 

Quadzilla Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales and the company registration number is 06011790.

The address of its registered office is:
Lodge Farm,
Tetford Road
High Toynton
Lincolnshire
LN9 6NR
United Kingdom

These financial statements were authorised for issue by the director on 24 April 2025.

These accounts cover the individual entity, Quadzilla Limited.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Quadzilla Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets as follows:

Asset class

Depreciation method and rate

Land

No depreciation is charged

Freehold property

2% straight line basis

Leasehold property

10% straight line basis

Plant & machinery

15% reducing balance basis

Motor vehicles

25% reducing balance basis

Equipment

25% reducing balance basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Other intangible assets

10% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Finished stocks and raw materials are stated at the lower of cost and estimated selling price less costs to complete and sell whereby cost is valued at the last purchase price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

 

Quadzilla Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Turnover

The analysis of the Company's Turnover for the year from continuing operations is as follows:

2024
£

2023
£

Sale of goods

15,114,048

15,299,926

Haulage

91,879

125,434

15,205,927

15,425,360

The analysis of the Company's Turnover for the year by market is as follows:

2024
£

2023
£

UK

13,697,563

15,425,360

Europe

1,508,364

-

15,205,927

15,425,360

4

Operating profit

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

94,595

101,800

Amortisation expense

140

140

(Profit)/loss on disposal of property, plant and equipment

(4,380)

23,611

5

Other interest receivable and similar income

2024
£

2023
£

Interest income on bank deposits

8,114

1,062

Other finance income

251

-

8,365

1,062

 

Quadzilla Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

6

Interest payable and similar expenses

2024
£

2023
£

Foreign exchange losses

(28,489)

(265)

7

Staff costs

The aggregate payroll costs (including Director's remuneration) were as follows:

2024
£

2023
£

Wages and salaries

433,362

482,611

Social security costs

38,678

43,018

Pension costs, defined contribution scheme

20,674

14,954

492,714

540,583

The average number of persons employed by the Company (including the Director) during the year, analysed by category was as follows:

2024
No.

2023
No.

Administration and support

15

17

15

17

8

Director's remuneration

The Director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

34,000

56,895

9

Auditors' remuneration

2024
£

2023
£

Audit of the financial statements

4,000

-


 

 

Quadzilla Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

10

Taxation

Tax charged/(credited) in the profit and loss account

2024
£

2023
£

Current taxation

UK corporation tax

688,602

697,076

UK corporation tax adjustment to prior periods

-

(8,174)

688,602

688,902

Deferred taxation

Arising from origination and reversal of timing differences

(9,191)

18,101

Tax expense in the income statement

679,411

707,003

The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2023 - the same as the standard rate of corporation tax in the UK) of 25% (2023 - 22%).

The differences are reconciled below:

2024
£

2023
£

Profit before tax

2,676,625

3,177,201

Corporation tax at standard rate

669,156

698,984

Decrease in UK and foreign current tax from adjustment for prior periods

(4,482)

(8,174)

Tax increase from effect of capital allowances and depreciation

14,045

15,086

Effect of expense not deductible in determining taxable profit (tax loss)

692

1,107

Total tax charge

679,411

707,003

Deferred tax

Deferred tax assets and liabilities

2024

Liability
£

Difference between accumulated depreciation and capital allowances

70,482

Pension creditor

(566)

69,916

2023

Liability
£

Difference between accumulated depreciation and capital allowances

74,625

74,625

 

Quadzilla Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

11

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 October 2023

1,398

1,398

At 30 September 2024

1,398

1,398

Amortisation

At 1 October 2023

420

420

Amortisation charge

140

140

At 30 September 2024

560

560

Carrying amount

At 30 September 2024

838

838

At 30 September 2023

978

978

12

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

1,230,767

327,485

174,917

1,733,169

Additions

19,900

27,858

-

47,758

Disposals

-

-

(79,762)

(79,762)

At 30 September 2024

1,250,667

355,343

95,155

1,701,165

Depreciation

At 1 October 2023

89,724

126,029

94,211

309,964

Charge for the year

47,487

34,808

12,300

94,595

Eliminated on disposal

-

-

(25,892)

(25,892)

At 30 September 2024

137,211

160,837

80,619

378,667

Carrying amount

At 30 September 2024

1,113,456

194,506

14,536

1,322,498

At 30 September 2023

1,141,043

201,456

80,706

1,423,205

13

Stocks

2024
£

2023
£

Other inventories

2,656,967

3,474,730

 

Quadzilla Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

14

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

1,037,568

578,196

Amounts owed by related parties

3,237,250

-

Other debtors

 

107,717

4,885

Prepayments and accrued income

 

166,446

252,622

   

4,548,981

835,703

15

Cash and cash equivalents

2024
£

2023
£

Cash on hand

150

150

Cash at bank

1,552,301

1,372,940

Short-term deposits

266,309

1,263,910

1,818,760

2,637,000

Bank overdrafts

-

(2,295)

Cash and cash equivalents in statement of cash flows

1,818,760

2,634,705

16

Creditors

Note

2024
£

2023
£

Due within one year

 

Bank overdraft

20

-

2,295

Trade creditors

 

407,306

372,977

Social security and other taxes

 

1,086,409

994,814

Outstanding defined contribution pension costs

 

3,236

2,584

Other payables

 

7,462

146,538

Accruals and deferred income

 

8,000

4,800

 

1,512,413

1,524,008

17

Provisions for liabilities

Deferred tax
£

Total
£

At 1 October 2023

79,107

79,107

Increase (decrease) in existing provisions

(9,191)

(9,191)

At 30 September 2024

69,916

69,916

 

Quadzilla Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

18

Pension and other schemes

Defined contribution pension scheme

The Company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the Company to the scheme and amounted to £20,674 (2023 - £14,954).

Contributions totalling £3,236 (2023 - £2,584) were payable to the scheme at the end of the year and are included in creditors.

19

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

Rights, preferences and restrictions

Ordinary shares have the following rights, preferences and restrictions:
Normal voting and participation rights

20

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

-

2,295

21

Dividends

Final dividends paid

2024
£

2023
£

Final dividend of £Nil (2023 - £2,800.00) per each Ordinary shares

-

28,000

 

 
 

Quadzilla Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

22

Contingent liabilities

Quadzilla Int Limited has entered into a financial agreement to secure a loan liability against the assets and liabilities of Quadzilla Limited. The current balance of the secured liability is £2,264,668.

23

Analysis of changes in net debt

At 1 October 2023
£

Financing cash flows
£

At 30 September 2024
£

Cash and cash equivalents

Cash

2,637,000

(818,240)

1,818,760

Overdrafts

(2,295)

2,295

-

2,634,705

(815,945)

1,818,760

 

2,634,705

(815,945)

1,818,760

24

Relationship between entity and parents

The parent of the largest group in which these financial statements are consolidated is Quadzilla Int Limited, incorporated in United Kingdom.

The address of Quadzilla Int Limited is:
Lodge Farm,
Tetford Road,
High Toynton,
Horncastle,
Lincolnshire,
LN9 6NR