REGISTERED NUMBER: 12065487 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024

FOR

QUALITY BALUSTRADES LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

66,281

81,239

CURRENT ASSETS

Stocks

35,000

53,000

Debtors

5

12,444

28,703

Cash at bank and in hand

101

20,502

47,545

102,205

CREDITORS

Amounts falling due within one year

6

155,121

124,707

NET CURRENT LIABILITIES

(107,576

)

(22,502

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,295

)

58,737

CREDITORS

Amounts falling due after more than one year

7

122,452

107,539

NET LIABILITIES

(163,747

)

(48,802

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(163,748

)

(48,803

)

SHAREHOLDERS' FUNDS

(163,747

)

(48,802

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Statement of Income and Retained Earnings 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 A Mander - Director

Mrs L C Taylor - Director

1.	STATUTORY INFORMATION

Quality Balustrades Limited is a private company, limited by shares, registered in England and Wales, registered number 12065487. Its registered office is Unit 2, Winchester Works, Malt Mill Lane, Halesowen, West Midlands, B62 8JF.

The financial statements are presented in Sterling, which is the functional currency of the company.

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 etc

-

25% on reducing balance, 20% on reducing balance and 10% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial liabilities, including trade and other debtors and creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts or payments discounted at a market rate of interest.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

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.

Going concern

The accounts have been drawn up on the going concern basis. The company's ongoing activities are dependent upon the continued support of a director, who has undertaken that this support will be given for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2023

125,173

Additions

17,095

Disposals

(14,000

)

At 31 December 2024

128,268

DEPRECIATION

At 1 July 2023

43,934

Charge for period

27,556

Eliminated on disposal

(9,503

)

At 31 December 2024

61,987

NET BOOK VALUE

At 31 December 2024

66,281

At 30 June 2023

81,239

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.6.23

£

£

Other debtors

12,444

28,703

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.6.23

£

£

Bank loans and overdrafts

4,160

3,888

Hire purchase contracts

4,375

5,613

Trade creditors

116,584

85,818

Taxation and social security

371

5,219

Other creditors

29,631

24,169

155,121

124,707

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

30.6.23

£

£

Bank loans

2,659

8,479

Hire purchase contracts

3,950

10,716

Other creditors

115,843

88,344

122,452

107,539

The hire purchase liabilities are secured against the assets acquired.