REGISTERED NUMBER: SC173499 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

QUALITAS INTERNATIONAL LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs M Quinn

J A J Quinn

REGISTERED OFFICE:

1 Young Street

Wishaw

ML2 8HJ

REGISTERED NUMBER:

SC173499 (Scotland)

ACCOUNTANTS:

Thomson Currie Accountancy Limited

Chartered Accountants

7 Pickering House

Netherton Road

Wishaw

ML2 0EQ

FIXED ASSETS

Tangible assets

4

72,218

87,899

CURRENT ASSETS

Stocks

2,368

15,544

Debtors

39,481

36,532

Cash at bank

8,874

27,797

50,723

79,873

CREDITORS

Amounts falling due within one year

41,949

31,774

NET CURRENT ASSETS

8,774

48,099

TOTAL ASSETS LESS CURRENT LIABILITIES

80,992

135,998

RESERVES

Income and expenditure account

80,992

135,998

80,992

135,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 surplus or deficit 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

J A J Quinn - Director

1.	STATUTORY INFORMATION

QUALITAS INTERNATIONAL LIMITED is a private company, limited by guarantee , 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 consideration received or receivable, excluding value added tax. Turnover

from the provision of services is recognised on completion of the service.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

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 year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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 13 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

142,362

Additions

2,338

Disposals

(21,050

)

At 31 March 2025

123,650

DEPRECIATION

At 1 April 2024

54,463

Charge for year

13,484

Eliminated on disposal

(16,515

)

At 31 March 2025

51,432

NET BOOK VALUE

At 31 March 2025

72,218

At 31 March 2024

87,899

5.	SECURED DEBTS

On 13 December 2018 the company granted a floating charge in favour of The Royal Bank of Scotland plc. The floating charge covers all the property or undertaking of the company, and was delivered to Companies House on 17 December 2018.

6.	OTHER FINANCIAL COMMITMENTS

Total future financial commitments which are not included in the balance sheet amount to Nil. (At 31 March 2024 - £3,518)

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY