Company Registration No. SC657152 (Scotland)
QUALITY PARTS LTD
Unaudited accounts
for the year ended 31 March 2025
QUALITY PARTS LTD
Unaudited accounts
Contents
QUALITY PARTS LTD
Company Information
for the year ended 31 March 2025
Director
Romualdas Dabasinskas
Company Number
SC657152 (Scotland)
Registered Office
157 NORMAN RISE
LIVINGSTON
EH54 6NN
SCOTLAND
Accountants
Eurofirma Ltd
59 Devons Road
London
E3 3DW
QUALITY PARTS LTD
Statement of financial position
as at 31 March 2025
Inventories
607,500
507,350
Cash at bank and in hand
7,584
7,706
Creditors: amounts falling due within one year
(525,189)
(418,267)
Net current assets
90,010
96,889
Total assets less current liabilities
90,010
96,889
Creditors: amounts falling due after more than one year
(53,649)
(62,827)
Called up share capital
100
100
Profit and loss account
36,261
33,962
Shareholders' funds
36,361
34,062
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 October 2025 and were signed on its behalf by
Romualdas Dabasinskas
Director
Company Registration No. SC657152
QUALITY PARTS LTD
Notes to the Accounts
for the year ended 31 March 2025
QUALITY PARTS LTD is a private company, limited by shares, registered in Scotland, registration number SC657152. The registered office is 157 NORMAN RISE, LIVINGSTON, EH54 6NN, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Amounts falling due within one year
Amounts falling due after more than one year
Accrued income and prepayments
15
-
5
Creditors: amounts falling due within one year
2025
2024
Trade creditors
968
11,761
Taxes and social security
3,431
5,118
Loans from directors
494,389
395,418
6
Creditors: amounts falling due after more than one year
2025
2024
7
Average number of employees
During the year the average number of employees was 8 (2024: 13).