REGISTERED NUMBER: 08003680 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

QUARTUS CONSTRUCTION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W A Worden

M J Hegarty

P J Hegarty

REGISTERED OFFICE:

Unit 38

Old Mill Industrial Estate

Bamber Bridge

Preston

Lancashire

PR5 6SY

REGISTERED NUMBER:

08003680 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

51,353

25,340

CURRENT ASSETS

Debtors

5

198,400

240,418

Cash at bank

577

266

198,977

240,684

CREDITORS

Amounts falling due within one year

6

139,536

200,243

NET CURRENT ASSETS

59,441

40,441

TOTAL ASSETS LESS CURRENT LIABILITIES

110,794

65,781

CREDITORS

Amounts falling due after more than one year

7

(32,597

)

(15,833

)

PROVISIONS FOR LIABILITIES

(12,838

)

(4,557

)

NET ASSETS

65,359

45,391

RESERVES

Retained earnings

8

65,359

45,391

65,359

45,391

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 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 2 July 2025 and were signed on its behalf by:

W A Worden - Director

M J Hegarty - Director

P J Hegarty - Director

1.	STATUTORY INFORMATION

Quartus Construction Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 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

-

25% on reducing balance and 25% on cost

Fixtures and fittings

-

25% on reducing balance and 25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance and 25% on cost

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.

Going concern

In the opinion of the Director, the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Therefore, the Going Concern policy has been adopted for the preparation of the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

15,928

528

42,720

8,592

67,768

Additions

-

145

51,896

633

52,674

Disposals

-

-

(7,601

)

-

(7,601

)

At 31 March 2025

15,928

673

87,015

9,225

112,841

DEPRECIATION

At 1 April 2024

9,042

527

25,508

7,351

42,428

Charge for year

2,906

36

15,377

741

19,060

At 31 March 2025

11,948

563

40,885

8,092

61,488

NET BOOK VALUE

At 31 March 2025

3,980

110

46,130

1,133

51,353

At 31 March 2024

6,886

1

17,212

1,241

25,340

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

181,444

211,541

Other debtors

370

280

VAT

15,535

27,083

Prepayments and accrued income

1,051

1,514

198,400

240,418

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

25,030

11,691

Hire purchase contracts

5,425

1,400

Trade creditors

36,164

91,601

Tax

19,610

18,516

Social security and other taxes

4,706

11,213

Other creditors

41,008

59,320

Directors' current accounts

489

378

Accrued expenses

7,104

6,124

139,536

200,243

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans - 1-2 years

5,833

10,000

Bank loans - 2-5 years

-

5,833

Hire purchase contracts

26,764

-

32,597

15,833

8.

RESERVES

Retained

earnings

£

At 1 April 2024

45,391

Profit for the year

79,968

Dividends

(60,000

)

At 31 March 2025

65,359

9.	ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party are the directors as disclosed in the Directors' Report on page 2.