REGISTERED NUMBER: 01139040 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

QUICKSILVER TECHNOLOGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Goddard

P A J Goddard

Mrs B Lambert

REGISTERED OFFICE:

5 Cheapside Court

Sunninghill Road

Ascot

Berkshire

SL5 7RF

REGISTERED NUMBER:

01139040 (England and Wales)

ACCOUNTANTS:

Minerva Accountants Ltd

5 Cheapside Court

Sunninghill Road

Ascot

Berkshire

SL5 7RF

FIXED ASSETS

Tangible assets

4

92,288

110,822

CURRENT ASSETS

Stocks

34,600

33,652

Debtors

5

177,771

162,846

Cash at bank

15,434

48,676

227,805

245,174

CREDITORS

Amounts falling due within one year

6

146,083

148,853

NET CURRENT ASSETS

81,722

96,321

TOTAL ASSETS LESS CURRENT LIABILITIES

174,010

207,143

CREDITORS

Amounts falling due after more than one year

7

-

(12,255

)

PROVISIONS FOR LIABILITIES

(23,072

)

(15,793

)

NET ASSETS

150,938

179,095

CAPITAL AND RESERVES

Called up share capital

3,075

3,075

Capital redemption reserve

9,225

9,225

Retained earnings

138,638

166,795

SHAREHOLDERS' FUNDS

150,938

179,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 profit or loss 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

P A J Goddard - Director

1.	STATUTORY INFORMATION

Quicksilver Technology Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

in accordance with the property

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 Income Statement, 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 profit or loss 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 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

260,866

33,518

294,384

Additions

2,522

-

2,522

Disposals

(14,243

)

-

(14,243

)

At 31 December 2024

249,145

33,518

282,663

DEPRECIATION

At 1 January 2024

171,782

11,780

183,562

Charge for year

18,118

2,938

21,056

Eliminated on disposal

(14,243

)

-

(14,243

)

At 31 December 2024

175,657

14,718

190,375

NET BOOK VALUE

At 31 December 2024

73,488

18,800

92,288

At 31 December 2023

89,084

21,738

110,822

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

157,507

90,802

Other debtors

20,264

72,044

177,771

162,846

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

14,787

14,318

Trade creditors

60,562

70,254

Taxation and social security

60,851

53,112

Other creditors

9,883

11,169

146,083

148,853

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

-

12,255

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

A Goddard

Balance outstanding at start of year

48,000

48,000

Amounts repaid

(48,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

48,000

Mrs C S Goddard

Balance outstanding at start of year

3,647

4,007

Amounts repaid

(3,647

)

(360

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,647

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the Directors.