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Registered Number: 10703096
England and Wales

 

 

 

QUICK FIT FLOORS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
  2024   2023
    £ £   £ £
Fixed assets   7,010      8,549 
Current assets 186,579      206,152   
Creditors: amount falling due within one year (168,115)     (165,571)  
Net current assets   18,464      40,581 
Total assets less current liabilities   25,474      49,130 
Creditors: amount falling due after more than one year   (30,874)     (30,874)
Net assets   (5,400)     18,256 
 

         
Capital and reserves   (5,400)     18,256 
 
NOTES TO THE ACCOUNTS

General Information
QUICK FIT FLOORS LTD is a private company, limited by shares, registered in England and Wales, registration number 10703096, registration address 2115-2117 Coventry Road , Sheldon, Birmingham, West Midlands, B26 3EA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 18% Reducing Balance
Motor Vehicles 18% Reducing Balance
Fixtures and Fittings 18% Reducing Balance
Computer Equipment 18% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 May 2023 1,500    4,550    15,400    595    22,045 
Additions        
Disposals        
At 30 April 2024 1,500    4,550    15,400    595    22,045 
Depreciation
At 01 May 2023 984    1,319    10,718    475    13,496 
Charge for year 93    582    843    21    1,539 
On disposals        
At 30 April 2024 1,077    1,901    11,561    496    15,035 
Net book values
Closing balance as at 30 April 2024 423    2,649    3,839    99    7,010 
Opening balance as at 01 May 2023 516    3,231    4,682    120    8,549 


3.

Average number of employees

Average number of employees during the year was 5 (2023 : 3).


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 14 June 2024 and were signed on its behalf by:


--------------------------------
Javed Iqbal
Director
1