REGISTERED NUMBER: 07588822 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Quest Joinery Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Theakston

A Jackson

B Algate

REGISTERED OFFICE:

4-8 Maxted Park

Maxted Road

Hemel Hempstead

Hertfordshire

HP2 7EP

REGISTERED NUMBER:

07588822 (England and Wales)

ACCOUNTANTS:

Pace Accountants

Noble House

Eaton Road

Hemel Hempstead

Hertfordshire

HP2 7UB

FIXED ASSETS

Tangible assets

4

643,638

702,370

CURRENT ASSETS

Stocks

5

482,891

74,349

Debtors

6

1,837,536

1,602,855

Cash in hand

300,742

192,636

2,621,169

1,869,840

CREDITORS

Amounts falling due within one year

7

1,743,172

1,065,601

NET CURRENT ASSETS

877,997

804,239

TOTAL ASSETS LESS CURRENT LIABILITIES

1,521,635

1,506,609

CREDITORS

Amounts falling due after more than one year

8

(103,274

)

(228,244

)

PROVISIONS FOR LIABILITIES

(119,865

)

(145,891

)

NET ASSETS

1,298,496

1,132,474

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,298,396

1,132,374

1,298,496

1,132,474

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 6 October 2025 and were signed on its behalf by:

J Theakston - Director

1.	STATUTORY INFORMATION

Quest Joinery 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about Quest Joinery Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

10% on reducing balance

Computer equipment

-

33% 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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 49 (2024 - 47 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2024

93,572

785,158

151,524

Additions

-

522

15,998

At 30 April 2025

93,572

785,680

167,522

DEPRECIATION

At 1 May 2024

37,429

275,439

49,745

Charge for year

9,357

51,024

11,777

At 30 April 2025

46,786

326,463

61,522

NET BOOK VALUE

At 30 April 2025

46,786

459,217

106,000

At 30 April 2024

56,143

509,719

101,779

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

35,641

113,857

1,179,752

Additions

-

8,474

24,994

At 30 April 2025

35,641

122,331

1,204,746

DEPRECIATION

At 1 May 2024

6,772

107,997

477,382

Charge for year

2,887

8,681

83,726

At 30 April 2025

9,659

116,678

561,108

NET BOOK VALUE

At 30 April 2025

25,982

5,653

643,638

At 30 April 2024

28,869

5,860

702,370

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 May 2024

425,800

35,641

461,441

Transfer to ownership

(114,300

)

-

(114,300

)

At 30 April 2025

311,500

35,641

347,141

DEPRECIATION

At 1 May 2024

115,391

6,772

122,163

Charge for year

22,708

2,887

25,595

Transfer to ownership

(30,975

)

-

(30,975

)

At 30 April 2025

107,124

9,659

116,783

NET BOOK VALUE

At 30 April 2025

204,376

25,982

230,358

At 30 April 2024

310,409

28,869

339,278

5.

STOCKS

30.4.25

30.4.24

£

£

Stocks

43,696

53,240

Work-in-progress

439,195

21,109

482,891

74,349

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

1,298,739

1,107,625

Amounts owed by group undertakings

201,711

186,711

Other debtors

337,086

308,519

1,837,536

1,602,855

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

43,636

43,636

Hire purchase contracts (see note 9)

81,331

70,576

Trade creditors

615,452

532,526

Taxation and social security

104,692

186,822

Other creditors

898,061

232,041

1,743,172

1,065,601

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

43,634

87,273

Hire purchase contracts (see note 9)

59,640

140,971

103,274

228,244

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.4.25

30.4.24

£

£

Net obligations repayable:

Within one year

81,331

70,576

Between one and five years

59,640

140,971

140,971

211,547

Non-cancellable

operating leases

30.4.25

30.4.24

£

£

Within one year

273,495

364,131

Between one and five years

32,550

310,128

306,045

674,259

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Hire purchase contracts

140,971

211,547

11.	RELATED PARTY DISCLOSURES

Loans from Directors outstanding at the year end amounted to £2,315 [2024 £303].

Aggregated transactions with related parties during the year amounted to £137,655.

The balance owed to the company at the year end amounted to £283,873

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Quest Group Companies Ltd.