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QUAGGA DESIGN LIMITED

Registered Number
05763599
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

QUAGGA DESIGN LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Director

Steven David Green

Registered Address

Unit 2 Preston Lodge Court
Preston Deanery
Northampton
NN7 2DS

Registered Number

05763599 (England and Wales)
QUAGGA DESIGN LIMITED
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets347,17376,350
47,17376,350
Current assets
Stocks418,46391,094
Debtors5476,886438,234
Current asset investments33
Cash at bank and on hand336,000151,340
831,352680,671
Creditors amounts falling due within one year6(410,695)(294,245)
Net current assets (liabilities)420,657386,426
Total assets less current liabilities467,830462,776
Creditors amounts falling due after one year7(44,908)(57,248)
Provisions for liabilities9(9,953)(17,073)
Net assets412,969388,455
Capital and reserves
Called up share capital186100
Profit and loss account412,783388,355
Shareholders' funds412,969388,455
The financial statements were approved and authorised for issue by the Director on 11 July 2025, and are signed on its behalf by:
Steven David Green
Director
Registered Company No. 05763599
QUAGGA DESIGN LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Vehicles4
Office Equipment4
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
2.Average number of employees

20252024
Average number of employees during the year1012
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 April 2492,98093,008185,988
Additions-2,7232,723
Disposals-(61,113)(61,113)
At 31 March 2592,98034,618127,598
Depreciation and impairment
At 01 April 2438,24371,395109,638
Charge for year23,2458,65531,900
On disposals-(61,113)(61,113)
At 31 March 2561,48818,93780,425
Net book value
At 31 March 2531,49215,68147,173
At 31 March 2454,73721,61376,350
4.Stocks

2025

2024

££
Work in progress13,46386,094
Other stocks5,0005,000
Total18,46391,094
5.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables322,438289,212
Other debtors131,398128,507
Prepayments and accrued income23,05020,515
Total476,886438,234
6.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables282,223187,184
Bank borrowings and overdrafts1831,804
Taxation and social security63,07148,801
Finance lease and HP contracts12,3408,937
Other creditors41,19039,729
Accrued liabilities and deferred income11,6887,790
Total410,695294,245
7.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts16,82023,036
Other creditors28,08834,212
Total44,90857,248
8.Obligations under finance leases

2025

2024

££
Finance lease and HP contracts28,08934,213
9.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)9,95317,073
Total9,95317,073
10.Operating lease commitments
At 31 March 2025 (Company year end), the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £17,679 (2024 – £19,320).
11.Share capital
The company has issued 158 ordinary shares of £1 each. On 1 July 2024 £58 of the accumulated revenue reserves were capitalised and issued to shareholders of the ordinary shares of £1 each. On 1 July 2024 28 ordinary B shares were issued at £1 each. Total share capital at 31 March 2025 was 186 shares of £1 each.
12.Related party transactions
During the year the company entered into the following transactions with related parties: Ivory and Olive Limited A company incorporated in the UK, of which the director is a shareholder. During 2021, a loan was made to Ivory and Olive Limited of £250,000. The loan is repayable on demand. Interest is being charged on the loan at 2.25%. In respect of this loan £131,398 (2024: £128,507) is included in other debtors.