HM Quickshifter (UK) Ltd

Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs Z Hopkins

REGISTERED OFFICE:

Red Sky House

Fairclough Hall

Halls Green

Weston

Hertfordshire

SG4 7DP

REGISTERED NUMBER:

05999130 (England and Wales)

ACCOUNTANTS:

Hargreaves Owen Ltd

Chartered Certified Accountants

Red Sky House

Fairclough Hall, Halls Green

Weston

Hertfordshire

SG4 7DP

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

16,373

21,830

16,373

21,830

CURRENT ASSETS

Stocks

38,000

45,052

Debtors

6

22,401

26,408

Cash at bank

11,078

11,235

71,479

82,695

CREDITORS

Amounts falling due within one year

7

82,050

83,966

NET CURRENT LIABILITIES

(10,571

)

(1,271

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,802

20,559

CREDITORS

Amounts falling due after more than one
year

8

1,212

15,757

NET ASSETS

4,590

4,802

CAPITAL AND RESERVES

Called up share capital

450

Retained earnings

4,140

4,352

SHAREHOLDERS' FUNDS

4,590

4,802

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

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

The director acknowledges her 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 director and authorised for issue on 28 November 2025 and were signed by:

Mrs Z Hopkins - Director

1.	STATUTORY INFORMATION

HM Quickshifter (UK) 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2012 is now fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to leasehold

-

over 3 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

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 4 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

39,400

AMORTISATION

At 1 April 2024

and 31 March 2025

39,400

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

11,267

76,033

8,034

26,516

121,850

DEPRECIATION

At 1 April 2024

11,263

61,848

6,532

20,377

100,020

Charge for year

-

3,547

375

1,535

5,457

At 31 March 2025

11,263

65,395

6,907

21,912

105,477

NET BOOK VALUE

At 31 March 2025

4

10,638

1,127

4,604

16,373

At 31 March 2024

4

14,185

1,502

6,139

21,830

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

18,875

24,527

VAT

3,526

1,881

22,401

26,408

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

26,496

14,546

Trade creditors

6,019

16,494

Corporation tax

-

(873

)

PAYE

2,112

4,515

Pension fund

-

323

Other creditor - G Lavilla

4,960

Other creditor - V Wheeler

4,346

Directors' current accounts

36,117

37,655

Accrued expenses

2,000

82,050

83,966

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 2-5 years

1,212

15,757