Qualitape (UK) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03755648

Qualitape (UK) Limited

Filleted Unaudited Financial Statements

For the year ended

30 June 2025

Qualitape (UK) Limited

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	583	1,583
Tangible assets	6	69,585	62,737
Investments	7	–	10,000
		--------	--------
		70,168	74,320

Current assets

Stocks		121,359	138,079
Debtors	8	243,566	273,461
Cash at bank and in hand		139,385	205,867
		---------	---------
		504,310	617,407

Creditors: amounts falling due within one year	9	391,536		428,810
		---------		---------
Net current assets			112,774	188,597
			---------	---------
Total assets less current liabilities			182,942	262,917

Creditors: amounts falling due after more than one year	10		21,860	22,555

Provisions

Deferred taxation	17,396	15,684
	---------	---------
Net assets	143,686	224,678
	---------	---------

Capital and reserves

Called up share capital	12	20
Capital redemption reserve	9	–
Profit and loss account	143,665	224,658
	---------	---------
Shareholders funds	143,686	224,678
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- 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 ;

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

Qualitape (UK) Limited

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

K Stolworthy	I Stolworthy
Director	Director

Company registration number: 03755648

Qualitape (UK) Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Sarah Court, Piperell Way, Haverhill, Suffolk, CB9 8PA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied during the year, stated net of discounts and of value added tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being recognised in profit or loss.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis .

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Patents, trademarks and licences	-	20% straight line
Website	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures, fittings and plant	-	15% straight line
Motor vehicles	-	25% reducing balance
Office equipment	-	33% straight line

Investments in associates and participating interests

Investments in associates and participating interests accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions receivable from the investment are recognised as income when received.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Lease or hire purchase payments are apportioned between the finance charges and reduction of the outstanding lease liability using the sum of the digits method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined pension contribution plans

The company makes contributions to the personal pension schemes of certain employees and directors. The annual contributions payable are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 9 ).

5. Intangible assets

	Patents, trademarks and licences	Website	Total
	£	£	£
Cost
At 1 July 2024 and 30 June 2025	2,850	5,000	7,850
	-------	-------	-------
Amortisation
At 1 July 2024	2,850	3,417	6,267
Charge for the year	–	1,000	1,000
	-------	-------	-------
At 30 June 2025	2,850	4,417	7,267
	-------	-------	-------
Carrying amount
At 30 June 2025	–	583	583
	-------	-------	-------
At 30 June 2024	–	1,583	1,583
	-------	-------	-------

6. Tangible assets

	Fixtures, fittings and plant	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost
At 1 July 2024	99,460	1,750	10,987	112,197
Additions	–	27,813	762	28,575
	--------	--------	--------	---------
At 30 June 2025	99,460	29,563	11,749	140,772
	--------	--------	--------	---------
Depreciation
At 1 July 2024	41,663	37	7,760	49,460
Charge for the year	13,372	6,222	2,133	21,727
	--------	--------	--------	---------
At 30 June 2025	55,035	6,259	9,893	71,187
	--------	--------	--------	---------
Carrying amount
At 30 June 2025	44,425	23,304	1,856	69,585
	--------	--------	--------	---------
At 30 June 2024	57,797	1,713	3,227	62,737
	--------	--------	--------	---------

7. Investments

	Shares in participating interests
	£
Cost
At 1 July 2024 and 30 June 2025	40,225
	--------
Impairment
At 1 July 2024	30,225
Impairment losses	10,000
	--------
At 30 June 2025	40,225
	--------

Carrying amount
At 30 June 2025	–
	--------
At 30 June 2024	10,000
	--------

The company owned 50% of the share capital of Vehicle Resources Limited, a company registered in England and Wales. On the 5 December 2024, Vehicle Resources Limited ceased trading and the company was subsequently dissolved on the 4 March 2025.

8. Debtors

	2025	2024
	£	£
Trade debtors	243,566	242,784
Other debtors	–	30,677
	---------	---------
	243,566	273,461
	---------	---------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans	159,188	173,667
Trade creditors	129,747	147,409
Social security and other taxes	85,018	97,386
Other creditors	17,583	10,348
	---------	---------
	391,536	428,810
	---------	---------

The bank loan of £149,188 (2024: £163,667) is secured against the assets of the company whilst the bank loan of £10,000 (2024: £10,000) has been provided to the company under the Bounce Back Loan scheme. Included within other creditors is an amount of £14,860 (2024: £9,309) relating to assets acquired under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	–	10,000
Other creditors	21,860	12,555
	--------	--------
	21,860	22,555
	--------	--------

The bank loan of £nil (2024: £10,000) has been provided to the company under the Bounce Back Loan scheme. Included within other creditors is an amount of £21,860 (2024: £12,555) relating to assets acquired under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	17,396	15,684
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	17,396	15,684
	--------	--------

12. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Later than 1 year and not later than 5 years	20,546	41,096
	--------	--------