REGISTERED NUMBER: SC667929 (Scotland)

Report of the Director and

Unaudited Financial Statements for the Period 1 August 2023 to 31 January 2025

for

Quickline Recovery Ltd

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

R Hardie

SECRETARY:

REGISTERED OFFICE:

191 Station Road

Shotts

North Lanarkshire

ML7 4BA

REGISTERED NUMBER:

SC667929 (Scotland)

ACCOUNTANTS:

EAC Accountancy Limited

191 Station Road

Shotts

North Lanarkshire

ML7 4BA

The director presents his report with the financial statements of the company for the period 1 August 2023 to 31 January 2025.

DIRECTOR

R Hardie held office during the whole of the period from 1 August 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

R Hardie - Director

31 October 2025

TURNOVER

41,270

69,036

Cost of sales

5,184

8,685

GROSS PROFIT

36,086

60,351

Administrative expenses

27,112

46,818

OPERATING PROFIT

4

8,974

13,533

Interest payable and similar expenses

1,226

-

PROFIT BEFORE TAXATION

7,748

13,533

Tax on profit

1,788

613

PROFIT FOR THE FINANCIAL PERIOD

5,960

12,920

FIXED ASSETS

Tangible assets

5

48,010

38,490

CURRENT ASSETS

Cash at bank

551

906

CREDITORS

Amounts falling due within one year

6

9,320

2,213

NET CURRENT LIABILITIES

(8,769

)

(1,307

)

TOTAL ASSETS LESS CURRENT LIABILITIES

39,241

37,183

CREDITORS

Amounts falling due after more than one year

7

6,281

8,871

NET ASSETS

32,960

28,312

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

32,959

28,311

32,960

28,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 31 October 2025 and were signed by:

R Hardie - Director

1.	STATUTORY INFORMATION

Quickline Recovery Ltd is a private company, limited by shares , registered in Scotland. 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.

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.

25% Reducing Balance

Taxation

Taxation for the period 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.8.23

to

Year Ended

31.1.25

31.7.23

£

£

Depreciation - owned assets

16,003

12,829

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2023

60,600

Additions

36,000

Disposals

(48,500

)

Reclassification/transfer

26,500

At 31 January 2025

74,600

DEPRECIATION

At 1 August 2023

22,110

Charge for period

16,003

Eliminated on disposal

(26,844

)

Reclassification/transfer

15,321

At 31 January 2025

26,590

NET BOOK VALUE

At 31 January 2025

48,010

At 31 July 2023

38,490

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.7.23

£

£

Hire purchase contracts

3,619

-

Taxation and social security

2,401

613

Other creditors

3,300

1,600

9,320

2,213

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.7.23

£

£

Hire purchase contracts

6,281

-

Other creditors

-

8,871

6,281

8,871