Quadrilect Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02939410

Quadrilect Limited

Filleted Unaudited Financial Statements

31 December 2024

Quadrilect Limited

Balance Sheet

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	6	–	375

Current assets

Debtors	7	87,140	73,382
Cash at bank and in hand		184,000	314,883
		---------	---------
		271,140	388,265

Creditors: amounts falling due within one year	8	114,416	223,281
		---------	---------
Net current assets		156,724	164,984
		---------	---------
Total assets less current liabilities		156,724	165,359
		---------	---------
Net assets		156,724	165,359
		---------	---------

Capital and reserves

Called up share capital	3	3
Capital redemption reserve	1	1
Profit and loss account	156,720	165,355
	---------	---------
Shareholder funds	156,724	165,359
	---------	---------

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 income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Quadrilect Limited

Balance Sheet (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 25 June 2025 , and are signed on behalf of the board by:

Rachel Manchester
Director

Company registration number: 02939410

Quadrilect Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Geary Partnership, Chartered Accountants, 159a Chase Side, Enfield, Middlesex, EN2 0PW.

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

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, unless otherwise specified within these accounting policies. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Revenue recognition

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

(c) Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

(d) Tangible fixed assets

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

(e) Depreciation

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

IT equipment - 50% straight line

(f) Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

(g) Defined contribution plans

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	285,000
	---------
Amortisation
At 1 January 2024 and 31 December 2024	285,000
	---------
Carrying amount
At 31 December 2024	–
	---------
At 31 December 2023	–
	---------

6. Tangible assets

	IT equipment
	£
Cost
At 1 January 2024 and 31 December 2024	1,126
	-------
Depreciation
At 1 January 2024	751
Charge for the year	375
	-------
At 31 December 2024	1,126
	-------
Carrying amount
At 31 December 2024	–
	-------
At 31 December 2023	375
	-------

7. Debtors

	2024	2023
	£	£
Trade debtors	62,887	64,464
Other debtors	24,253	8,918
	--------	--------
	87,140	73,382
	--------	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	8,509	84,576
Social security and other taxes	4,409	4,698
Other creditors	101,498	134,007
	---------	---------
	114,416	223,281
	---------	---------