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REGISTERED NUMBER: 04128852 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 December 2024

for

Quality Conveyors Limited

Quality Conveyors Limited (Registered number: 04128852)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quality Conveyors Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: T R Hogan





SECRETARY: Mrs S E Hogan





REGISTERED OFFICE: 10-13 Marshall Hall Mills
Elland Lane
Elland
Halifax
West Yorkshire
HX5 9DU





REGISTERED NUMBER: 04128852 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

Quality Conveyors Limited (Registered number: 04128852)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,703 4,569

CURRENT ASSETS
Stocks 20,034 18,845
Debtors 5 222,837 171,872
Cash at bank 161,395 82,089
404,266 272,806
CREDITORS
Amounts falling due within one year 6 267,622 240,833
NET CURRENT ASSETS 136,644 31,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,347

36,542

PROVISIONS FOR LIABILITIES 5,434 1,210
NET ASSETS 151,913 35,332

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Capital redemption reserve 3,500 3,500
Retained earnings 138,413 21,832
SHAREHOLDERS' FUNDS 151,913 35,332

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

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

The director acknowledges his 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.

Quality Conveyors Limited (Registered number: 04128852)

Balance Sheet - continued
31 December 2024


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 director and authorised for issue on 10 February 2025 and were signed by:





T R Hogan - Director


Quality Conveyors Limited (Registered number: 04128852)

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

1. STATUTORY INFORMATION

Quality Conveyors Limited is a private company, limited by shares , registered in England and Wales. 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

Taxation
Taxation for the year 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 year 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.

Quality Conveyors Limited (Registered number: 04128852)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 65,971 6,641 10,500 1,117 84,229
Additions 20,000 205 - - 20,205
Disposals - (405 ) - - (405 )
At 31 December 2024 85,971 6,441 10,500 1,117 104,029
DEPRECIATION
At 1 January 2024 63,397 6,183 9,099 981 79,660
Charge for year 3,386 100 350 135 3,971
Eliminated on disposal - (305 ) - - (305 )
At 31 December 2024 66,783 5,978 9,449 1,116 83,326
NET BOOK VALUE
At 31 December 2024 19,188 463 1,051 1 20,703
At 31 December 2023 2,574 458 1,401 136 4,569

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 130,458 93,160
Other debtors 92,379 78,712
222,837 171,872

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 3,940 9,896
Amounts owed to group undertakings 170,000 150,000
Taxation and social security 69,199 65,159
Other creditors 24,483 15,778
267,622 240,833

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T R Hogan.