Tqr Exeter Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

25,870

37,996

Investments

5

50

-

25,920

37,996

CURRENT ASSETS

Debtors

6

701,150

655,554

Cash at bank

44,284

10,540

745,434

666,094

CREDITORS

Amounts falling due within one year

7

754,737

663,326

NET CURRENT (LIABILITIES)/ASSETS

(9,303

)

2,768

TOTAL ASSETS LESS CURRENT LIABILITIES

16,617

40,764

CREDITORS

Amounts falling due after more than one year

8

(14,988

)

(29,307

)

PROVISIONS FOR LIABILITIES

(4,915

)

(7,360

)

NET (LIABILITIES)/ASSETS

(3,286

)

4,097

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(3,386

)

3,997

(3,286

)

4,097

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:

Mrs M S Seaward - Director

1.	STATUTORY INFORMATION

Tqr Exeter Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11626915

Registered office:

Unit 8 Fair Oak Close

Clyst Honiton

Exeter

Devon

EX5 2UX

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.

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 355 (2023 - 361 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

66,384

Additions

639

Disposals

(9,659

)

At 31 December 2024

57,364

DEPRECIATION

At 1 January 2024

28,388

Charge for year

8,623

Eliminated on disposal

(5,517

)

At 31 December 2024

31,494

NET BOOK VALUE

At 31 December 2024

25,870

At 31 December 2023

37,996

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

50

At 31 December 2024

50

NET BOOK VALUE

At 31 December 2024

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

375,054

334,948

Other debtors

326,096

320,606

701,150

655,554

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,125

10,212

Hire purchase contracts

4,280

4,280

Trade creditors

134,092

105,886

Taxation and social security

243,310

233,963

Other creditors

362,930

308,985

754,737

663,326

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

9,281

19,320

Hire purchase contracts

5,707

9,987

14,988

29,307

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

£

£

Mrs M S Seaward and A R Seaward

Balance outstanding at start of year

156,116

87,782

Amounts advanced

61,381

68,334

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

217,497

156,116

Included in other debtors are loans totalling £217,497 (£156,116 2023) to the directors, which are repayable on demand. During the year interest at a rate of 2.25% was payable to the company on these balances.