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Company Registration No. 14574452 (England and Wales)
Qfs Manufacturing Ltd Unaudited accounts for the year ended 31 March 2025
Qfs Manufacturing Ltd Unaudited accounts Contents
Page
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Qfs Manufacturing Ltd Company Information for the year ended 31 March 2025
Directors
H Atkinson R Burton R Gale
Company Number
14574452 (England and Wales)
Registered Office
Unit 3 Chelmsley Wood Industrial Estate Waterloo Avenue Birmingham B37 6QQ United Kingdom
Accountants
Reconcile Accountants 59 Nicholas Road Streetly Sutton Coldfield West Midlands B74 3QR
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Qfs Manufacturing Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
40,000 
45,000 
Tangible assets
1,389,442 
1,412,509 
1,429,442 
1,457,509 
Current assets
Inventories
470,124 
352,594 
Debtors
792,906 
790,124 
Cash at bank and in hand
26,995 
45,817 
1,290,025 
1,188,535 
Creditors: amounts falling due within one year
(1,368,432)
(1,389,790)
Net current liabilities
(78,407)
(201,255)
Total assets less current liabilities
1,351,035 
1,256,254 
Creditors: amounts falling due after more than one year
(1,100,785)
(1,014,348)
Provisions for liabilities
Deferred tax
(55,153)
(52,617)
Net assets
195,097 
189,289 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
195,095 
189,287 
Shareholders' funds
195,097 
189,289 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by
R Burton Director Company Registration No. 14574452
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Qfs Manufacturing Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Qfs Manufacturing Ltd is a private company, limited by shares, registered in England and Wales, registration number 14574452. The registered office is Unit 3 Chelmsley Wood Industrial Estate, Waterloo Avenue, Birmingham, B37 6QQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10/20/33% SL
Motor vehicles
20/33% SL
Fixtures & fittings
20/33% SL
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is charged at a rate of 10% SL.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Qfs Manufacturing Ltd Notes to the Accounts for the year ended 31 March 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2024
50,000 
At 31 March 2025
50,000 
Amortisation
At 1 April 2024
5,000 
Charge for the year
5,000 
At 31 March 2025
10,000 
Net book value
At 31 March 2025
40,000 
At 31 March 2024
45,000 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
1,489,530 
26,500 
6,057 
1,522,087 
Additions
145,023 
- 
750 
145,773 
At 31 March 2025
1,634,553 
26,500 
6,807 
1,667,860 
Depreciation
At 1 April 2024
104,826 
3,889 
863 
109,578 
Charge for the year
161,335 
5,832 
1,673 
168,840 
At 31 March 2025
266,161 
9,721 
2,536 
278,418 
Net book value
At 31 March 2025
1,368,392 
16,779 
4,271 
1,389,442 
At 31 March 2024
1,384,704 
22,611 
5,194 
1,412,509 
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Qfs Manufacturing Ltd Notes to the Accounts for the year ended 31 March 2025
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
635,530 
713,779 
Accrued income and prepayments
98,710 
74,295 
Other debtors
58,666 
2,050 
792,906 
790,124 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
834,684 
807,818 
VAT
102,563 
180,890 
Trade creditors
362,908 
261,237 
Taxes and social security
39,972 
105,890 
Other creditors
11,805 
13,405 
Accruals
16,500 
20,550 
1,368,432 
1,389,790 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
1,100,785 
1,014,348 
9
Average number of employees
During the year the average number of employees was 43 (2024: 45).
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