REGISTERED NUMBER: 11442260 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Quality Parcel Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Cecherlan-Richards

I Cecherlan-Richards

REGISTERED OFFICE:

C/o Baines & Co

46 Rolle Street,

Exmouth,

Devon.

EX8 2SQ

REGISTERED NUMBER:

11442260 (England and Wales)

ACCOUNTANTS:

Baines & Co

46 Rolle Street

Exmouth

Devon

EX8 2SQ

BANKERS:

NatWest Bank Plc

18 St Thomas Centre

Cowick Street

Exeter

Devon

EX4 1DE

FIXED ASSETS

Intangible assets

4

3,000

4,000

Tangible assets

5

627,693

635,355

630,693

639,355

CURRENT ASSETS

Debtors

6

754,618

798,326

Cash at bank

221,590

71,273

976,208

869,599

CREDITORS

Amounts falling due within one year

7

76,870

29,660

NET CURRENT ASSETS

899,338

839,939

TOTAL ASSETS LESS CURRENT LIABILITIES

1,530,031

1,479,294

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

1,530,029

1,479,292

SHAREHOLDERS' FUNDS

1,530,031

1,479,294

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 10 November 2025 and were signed on its behalf by:

I Cecherlan-Richards - Director

Mrs J Cecherlan-Richards - Director

1.	STATUTORY INFORMATION

Quality Parcel Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

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.

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 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

10,000

AMORTISATION

At 1 July 2024

6,000

Amortisation for year

1,000

At 30 June 2025

7,000

NET BOOK VALUE

At 30 June 2025

3,000

At 30 June 2024

4,000

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

613,633

32,027

8,000

8,571

662,231

Additions

6,798

-

6,200

1,797

14,795

At 30 June 2025

620,431

32,027

14,200

10,368

677,026

DEPRECIATION

At 1 July 2024

12,000

7,473

2,700

4,703

26,876

Charge for year

12,068

6,405

2,220

1,764

22,457

At 30 June 2025

24,068

13,878

4,920

6,467

49,333

NET BOOK VALUE

At 30 June 2025

596,363

18,149

9,280

3,901

627,693

At 30 June 2024

601,633

24,554

5,300

3,868

635,355

Freehold property purchased, located in Italy. Rental of this began in the year.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

13,751

68,447

Other debtors

740,264

729,276

Prepayments

603

603

754,618

798,326

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

15,754

1,276

Tax

24,720

(14,679

)

Social security and other taxes

67

67

VAT

24,401

4,998

Directors' current accounts

728

27,998

Accrued expenses

11,200

10,000

76,870

29,660

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

2

ordinary

1

2

2

9.

RESERVES

Retained

earnings

£

At 1 July 2024

1,479,292

Profit for the year

102,737

Dividends

(52,000

)

At 30 June 2025

1,530,029

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £52,000 (2024 - £100,000) were paid to the directors .

11.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors jointly.

The ultimate controlling party is the directors jointly.