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Registration number: 14347209

Quatreau Manufacturing Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Quatreau Manufacturing Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 10

 

Quatreau Manufacturing Ltd

Company Information

Directors

Mr Sean Prakash Natarajan

Mr Roger Mark Wiltshire

Registered office

Beckett House Wyrefields
Poulton Industrial Estate
Poulton-Le-Fylde
Lancashire
FY6 8JX

Accountants

Beckett Rawcliffe Limited Unit 17, Beckett House
Sovereign Court
Wyrefields
Poulton Le Fylde
Lancashire
FY6 8JX

 

Quatreau Manufacturing Ltd

(Registration number: 14347209)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

285,716

321,430

Tangible assets

5

10,780

18,715

 

296,496

340,145

Current assets

 

Stocks

6

228,432

215,264

Debtors

7

75,859

34,545

Cash at bank and in hand

 

19,897

86,977

 

324,188

336,786

Creditors: Amounts falling due within one year

8

(210,911)

(53,372)

Net current assets

 

113,277

283,414

Total assets less current liabilities

 

409,773

623,559

Creditors: Amounts falling due after more than one year

8

(555,000)

(425,000)

Net (liabilities)/assets

 

(145,227)

198,559

Capital and reserves

 

Called up share capital

9

100

100

Share premium reserve

357,044

357,044

Retained earnings

(502,371)

(158,585)

Shareholders' (deficit)/funds

 

(145,227)

198,559

For the financial year ending 31 December 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; and

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 April 2025 and signed on its behalf by:
 

.........................................
Mr Sean Prakash Natarajan
Director

.........................................
Mr Roger Mark Wiltshire
Director

 
     
 

Quatreau Manufacturing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Beckett House Wyrefields
Poulton Industrial Estate
Poulton-Le-Fylde
Lancashire
FY6 8JX
England

These financial statements were authorised for issue by the Board on 10 April 2025.

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services 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.

Tangible assets

Tangible assets are stated in the balance sheet 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, other than land and properties under construction over their estimated useful lives, as follows:

 

Quatreau Manufacturing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Asset class

Depreciation method and rate

Property improvements

Straight line over 5 years

Motor vehicles

Straight line over 2 years

Furniture, fixtures and office equipment

Straight line over 2 years

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

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

Intellectual property

Straight line over 10 years

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Quatreau Manufacturing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

Quatreau Manufacturing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 January 2024

357,144

357,144

At 31 December 2024

357,144

357,144

Amortisation

At 1 January 2024

35,714

35,714

Amortisation charge

35,714

35,714

At 31 December 2024

71,428

71,428

Carrying amount

At 31 December 2024

285,716

285,716

At 31 December 2023

321,430

321,430

The aggregate amount of research and development expenditure recognised as an expense during the period is £9,554 (2023 - £4,820).
 

 

Quatreau Manufacturing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Motor vehicles
 £

Other tangible assets
 £

Total
£

Cost or valuation

At 1 January 2024

9,162

9,694

2,500

239

21,595

Additions

-

(523)

-

-

(523)

At 31 December 2024

9,162

9,171

2,500

239

21,072

Depreciation

At 1 January 2024

239

1,778

624

-

2,641

Charge for the year

2,075

4,328

1,248

-

7,651

At 31 December 2024

2,314

6,106

1,872

-

10,292

Carrying amount

At 31 December 2024

6,848

3,065

628

239

10,780

At 31 December 2023

8,923

7,916

1,876

-

18,715

Included within the net book value of land and buildings above is £6,848 (2023 - £8,923) in respect of freehold land and buildings.
 

 

Quatreau Manufacturing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Stocks

2024
£

2023
£

Other inventories

228,432

215,264

7

Debtors

Current

2024
£

2023
£

Trade debtors

140

3,206

Prepayments

50,688

4,792

Other debtors

25,031

26,547

 

75,859

34,545

 

Quatreau Manufacturing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

46,691

41,287

Accruals and deferred income

30,066

2,536

Other creditors

134,154

9,549

210,911

53,372

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

555,000

425,000

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

10

Reserves

30% of the losses are attributable to the director, Mr Roger Mark Wiltshire, the amount being £103,136 in 2024 (£47,576 in 2023).

11

Related party transactions

Summary of transactions with parent

Global Water Solutions UK Pvt Ltd - Parent Company

Global Water Solutions Ltd - Ultimate Holding Company
Inter Company Loan Account

Management Charges

Expenditure with and payables to related parties

 

Quatreau Manufacturing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2024

2023

Parent
£

Rendering of services

47,500

Loans from related parties

2024

Parent
£

Total
£

At start of period

425,000

425,000

Advanced

130,000

130,000

At end of period

555,000

555,000

2023

Parent
£

Total
£

Advanced

425,000

425,000

At end of period

425,000

425,000

12

Parent and ultimate parent undertaking

The company's immediate parent is Global Water Solutions UK Pvt Ltd, incorporated in United Kingdom.

 The ultimate parent is Global Water Solutions Ltd, incorporated in Jersey.

 The ultimate controlling party is Sean Prakash Natarajan.