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REGISTERED NUMBER: SC307569 (Scotland)















Quarch Technology Limited

Financial Statements For The Period 1 September 2023 to 31 December 2024






Quarch Technology Limited (Registered number: SC307569)






Contents of the Financial Statements
For The Period 1 September 2023 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Quarch Technology Limited

Company Information
For The Period 1 September 2023 to 31 December 2024







DIRECTORS: Mr M P Dearman
Mr A M Norrie
Mr M Pasquali



REGISTERED OFFICE: Unit 7
Dalfaber Industrial Estate
Aviemore
Inverness-shire
PH22 1ST



REGISTERED NUMBER: SC307569 (Scotland)



ACCOUNTANTS: The Long Partnership
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: The Royal Bank of Scotland
Elgin Branch
Cartsdyke Avenue
Cartsburn East
Greenock
PA15 1EF

Quarch Technology Limited (Registered number: SC307569)

Balance Sheet
31 December 2024

31.12.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 19,140 36,624

CURRENT ASSETS
Stocks 768,332 673,627
Debtors 5 656,490 786,271
Cash at bank 1,133,773 722,615
2,558,595 2,182,513
CREDITORS
Amounts falling due within one year 6 221,275 188,288
NET CURRENT ASSETS 2,337,320 1,994,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,356,460

2,030,849

CAPITAL AND RESERVES
Called up share capital 8 210 210
Share premium 9 197,150 197,150
Retained earnings 9 2,159,100 1,833,489
2,356,460 2,030,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:




Mr A M Norrie - Director


Quarch Technology Limited (Registered number: SC307569)

Notes to the Financial Statements
For The Period 1 September 2023 to 31 December 2024

1. STATUTORY INFORMATION

Quarch Technology Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 22 (2023 - 22 ) .

Quarch Technology Limited (Registered number: SC307569)

Notes to the Financial Statements - continued
For The Period 1 September 2023 to 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 196,255 6,311 49,150 251,716
Additions 608 1,475 3,752 5,835
At 31 December 2024 196,863 7,786 52,902 257,551
DEPRECIATION
At 1 September 2023 175,174 6,015 33,903 215,092
Charge for period 10,878 488 11,953 23,319
At 31 December 2024 186,052 6,503 45,856 238,411
NET BOOK VALUE
At 31 December 2024 10,811 1,283 7,046 19,140
At 31 August 2023 21,081 296 15,247 36,624

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.8.23
£    £   
Trade debtors 548,619 425,167
Other debtors 107,871 361,104
656,490 786,271

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.8.23
£    £   
Trade creditors 79,739 82,663
Taxation and social security 132,579 91,974
Other creditors 8,957 13,651
221,275 188,288

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.8.23
£    £   
Within one year 128,333 231,000

Quarch Technology Limited (Registered number: SC307569)

Notes to the Financial Statements - continued
For The Period 1 September 2023 to 31 December 2024

8. CALLED UP SHARE CAPITAL

Number Class Nominal Value 31.12.24 31.8.23
69300 A Ordinary 0.002 139 139
29700 B Ordinary 0.002 59 59
700 C Ordinary 0.002 1 1
300 D Ordinary 0.002 1 1
5057 E Ordinary 0.002 10 10
210 210

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 September 2023 1,833,489 197,150 2,030,639
Profit for the period 325,611 325,611
At 31 December 2024 2,159,100 197,150 2,356,250

10. RELATED PARTY DISCLOSURES

During the period the company rented a property from a connected party, Nordman Property Ltd. Rent of £102,667 was paid during the year (2023 - £77,000). As at 31 December 2024 Quarch Technology Limited owed Nordman Property Ltd £7,700.