Company registration number 00828842 (England and Wales)
QUALITY HEAT TREATMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
QUALITY HEAT TREATMENTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
QUALITY HEAT TREATMENTS LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
954,414
1,042,366
Current assets
Debtors
4
409,935
394,003
Cash at bank and in hand
381,376
493,807
791,311
887,810
Creditors: amounts falling due within one year
5
(332,545)
(406,264)
Net current assets
458,766
481,546
Total assets less current liabilities
1,413,180
1,523,912
Creditors: amounts falling due after more than one year
6
(7,191)
(17,977)
Provisions for liabilities
(121,100)
(137,300)
Net assets
1,284,889
1,368,635
Capital and reserves
Called up share capital
10,000
10,000
Non-distributable reserves
253,722
257,406
Profit and loss reserves
1,021,167
1,101,229
Total equity
1,284,889
1,368,635

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

QUALITY HEAT TREATMENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 23 June 2025 and are signed on its behalf by:
P Mattock
Director
Company Registration No. 00828842
QUALITY HEAT TREATMENTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
Share capital
Non-distributable reserves
Profit and loss reserves
Total
£
£
£
£
Balance at 1 October 2022
10,000
265,390
1,353,041
1,628,431
Year ended 30 September 2023:
Loss for the year
-
-
(180,463)
(180,463)
Other comprehensive income:
Tax relating to other comprehensive income
-
(1,100)
-
0
(1,100)
Total comprehensive income for the year
-
0
(1,100)
(180,463)
(181,563)
Dividends
-
-
(78,233)
(78,233)
Transfers
-
(6,884)
6,884
-
Balance at 30 September 2023
10,000
257,406
1,101,229
1,368,635
Year ended 30 September 2024:
Loss for the year
-
-
(26,166)
(26,166)
Other comprehensive income:
Tax relating to other comprehensive income
-
3,200
-
0
3,200
Total comprehensive income for the year
-
0
3,200
(26,166)
(22,966)
Dividends
-
-
(60,780)
(60,780)
Transfers
-
(6,884)
6,884
-
Balance at 30 September 2024
10,000
253,722
1,021,167
1,284,889
QUALITY HEAT TREATMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
1
Accounting policies
Company information

Quality Heat Treatments Limited is a private company, limited by shares and incorporated in England and Wales. The registered office is Chesterton Way, Eastwood Trading Estate, Rotherham, South Yorkshire, S65 1ST.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of services is recognised when the service has been performed, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings freehold
2% straight line
Plant and machinery
5 - 50% straight line
Fixtures, fittings & equipment
10 - 25% reducing balance
Motor vehicles
20% straight line
Furnaces
2 - 5% straight line

The part of the annual depreciation charge on the deemed cost assets which is in excess of the original cost, is transferred from non-distributable reserves to distributable reserves.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

QUALITY HEAT TREATMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

QUALITY HEAT TREATMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
16
16
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Furnaces
Total
£
£
£
£
Cost
At 1 October 2023
703,144
876,425
793,331
2,372,900
Additions
-
0
13,672
-
0
13,672
Disposals
-
0
(16,984)
-
0
(16,984)
At 30 September 2024
703,144
873,113
793,331
2,369,588
Depreciation and impairment
At 1 October 2023
204,275
703,697
422,562
1,330,534
Depreciation charged in the year
13,019
43,391
34,740
91,150
Eliminated in respect of disposals
-
0
(6,510)
-
0
(6,510)
At 30 September 2024
217,294
740,578
457,302
1,415,174
Carrying amount
At 30 September 2024
485,850
132,535
336,029
954,414
At 30 September 2023
498,869
172,728
370,769
1,042,366
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
347,763
324,094
Corporation tax recoverable
25,266
25,266
Other debtors
3,210
3,389
Prepayments and accrued income
33,696
41,254
409,935
394,003
QUALITY HEAT TREATMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 7 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
37,270
59,710
Taxation and social security
44,608
58,154
Other creditors
250,667
288,400
332,545
406,264

The total balance of secured creditors at the year end is £10,786 (2023 - £10,786). These are secured over the assets to which they relate.

6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
7,191
17,977

The total balance of secured creditors at the year end is £7,191 (2023 - £17,977). These are secured over the assets to which they relate.

7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Lease commitments
2,974
4,162
8
Directors' transactions

Interest free loans have been granted by the company to its directors amounting to £2,910 (2023 - £2,910).

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