IRIS Accounts Production v25.4.0.155 01602429 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01602429 2024-03-31 01602429 2025-03-31 01602429 2024-04-01 2025-03-31 01602429 2023-03-31 01602429 2023-04-01 2024-03-31 01602429 2024-03-31 01602429 ns15:EnglandWales 2024-04-01 2025-03-31 01602429 ns14:PoundSterling 2024-04-01 2025-03-31 01602429 ns10:Director1 2024-04-01 2025-03-31 01602429 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01602429 ns10:SmallEntities 2024-04-01 2025-03-31 01602429 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01602429 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 01602429 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01602429 ns10:FullAccounts 2024-04-01 2025-03-31 01602429 ns10:Director2 2024-04-01 2025-03-31 01602429 ns10:Director3 2024-04-01 2025-03-31 01602429 ns10:CompanySecretary1 2024-04-01 2025-03-31 01602429 ns10:RegisteredOffice 2024-04-01 2025-03-31 01602429 ns5:CurrentFinancialInstruments 2025-03-31 01602429 ns5:CurrentFinancialInstruments 2024-03-31 01602429 ns5:Non-currentFinancialInstruments 2025-03-31 01602429 ns5:Non-currentFinancialInstruments 2024-03-31 01602429 ns5:ShareCapital 2025-03-31 01602429 ns5:ShareCapital 2024-03-31 01602429 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 01602429 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 01602429 ns5:LandBuildings 2024-04-01 2025-03-31 01602429 ns5:PlantMachinery 2024-04-01 2025-03-31 01602429 ns5:LandBuildings 2024-03-31 01602429 ns5:LeaseholdImprovements 2024-03-31 01602429 ns5:PlantMachinery 2024-03-31 01602429 ns5:LeaseholdImprovements 2024-04-01 2025-03-31 01602429 ns5:LandBuildings 2025-03-31 01602429 ns5:LeaseholdImprovements 2025-03-31 01602429 ns5:PlantMachinery 2025-03-31 01602429 ns5:LandBuildings 2024-03-31 01602429 ns5:LeaseholdImprovements 2024-03-31 01602429 ns5:PlantMachinery 2024-03-31 01602429 ns5:FurnitureFittings 2024-03-31 01602429 ns5:MotorVehicles 2024-03-31 01602429 ns5:ComputerEquipment 2024-03-31 01602429 ns5:FurnitureFittings 2024-04-01 2025-03-31 01602429 ns5:MotorVehicles 2024-04-01 2025-03-31 01602429 ns5:ComputerEquipment 2024-04-01 2025-03-31 01602429 ns5:FurnitureFittings 2025-03-31 01602429 ns5:MotorVehicles 2025-03-31 01602429 ns5:ComputerEquipment 2025-03-31 01602429 ns5:FurnitureFittings 2024-03-31 01602429 ns5:MotorVehicles 2024-03-31 01602429 ns5:ComputerEquipment 2024-03-31 01602429 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-03-31 01602429 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-03-31 01602429 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-04-01 2025-03-31 01602429 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-03-31 01602429 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 01602429 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31

REGISTERED NUMBER: 01602429 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Quickflash Limited |

| Quickflash Limited (Registered number: 01602429) |

Contents of the Financial Statements

for the year ended 31 March 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| Quickflash Limited |

Company Information

for the year ended 31 March 2025

| DIRECTORS: | G Farrow

| A Farrow

| L M Ross

| SECRETARY: | M A Downes

| REGISTERED OFFICE: | 2 Roker Avenue

| Roker

| Sunderland

| Tyne and Wear

| SR6 0BY

| REGISTERED NUMBER: | 01602429 (England and Wales)

| ACCOUNTANTS: | TTR Barnes

| Chartered Accountants

| 3-5 Grange Terrace

| Stockton Road

| Sunderland

| Tyne & Wear

| SR2 7DG

| BANKERS: | The Royal Bank of Scotland plc

| 64 Fawcett Street

| Sunderland

| Tyne and Wear

| SR1 1BB

| Quickflash Limited (Registered number: 01602429) |

Statement of Financial Position

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 909,514 |  | 543,680 |  |

CURRENT ASSETS

Stocks | 22,750 |  | 21,750 |  |

Debtors | 5 | 314,904 |  | 326,867 |  |

Cash at bank and in hand | 280,142 |  | 534,151 |  |

617,796 |  | 882,768 |  |

CREDITORS

Amounts falling due within one year | 6 | 417,679 |  | 415,954 |  |

NET CURRENT ASSETS | 200,117 |  | 466,814 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,109,631 |  | 1,010,494 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (860 | ) | (1,956 | ) |

PROVISIONS FOR LIABILITIES | (26,277 | ) | (9,713 | ) |

NET ASSETS | 1,082,494 |  | 998,825 |  |

CAPITAL AND RESERVES

Called up share capital | 75 |  | 75 |  |

Retained earnings | 1,082,419 |  | 998,750 |  |

SHAREHOLDERS' FUNDS | 1,082,494 |  | 998,825 |  |

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 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.

| Quickflash Limited (Registered number: 01602429) |

Statement of Financial Position - continued

31 March 2025

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by:

A Farrow - Director

| Quickflash Limited (Registered number: 01602429) |

Notes to the Financial Statements

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| Quickflash Limited 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.

| The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

| Turnover

| Turnover represents sales of goods and services, excluding value added tax.

| 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.

| Land and buildings | - | not provided

| Plant and machinery etc | - | 33% on reducing balance, 25% Straight line, 20% on reducing balance, 10% on reducing balance and not provided

| Stocks

| Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable is less than cost.

| Financial instruments

| The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Quickflash Limited (Registered number: 01602429) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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 17 (2024 - 15 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 April 2024 | 489,139 |  | 13,423 |  | 166,904 |  |

| Additions | 280,935 |  | 19,052 |  | 84,647 |  |

| At 31 March 2025 | 770,074 |  | 32,475 |  | 251,551 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | - |  | 135,635 |  |

| Charge for year | - |  | - |  | 19,409 |  |

| At 31 March 2025 | - |  | - |  | 155,044 |  |

| NET BOOK VALUE

| At 31 March 2025 | 770,074 |  | 32,475 |  | 96,507 |  |

| At 31 March 2024 | 489,139 |  | 13,423 |  | 31,269 |  |

| Quickflash Limited (Registered number: 01602429) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 27,858 |  | 5,833 |  | 12,088 |  | 715,245 |  |

| Additions | 3,319 |  | - |  | - |  | 387,953 |  |

| At 31 March 2025 | 31,177 |  | 5,833 |  | 12,088 |  | 1,103,198 |  |

| DEPRECIATION

| At 1 April 2024 | 21,428 |  | 4,804 |  | 9,698 |  | 171,565 |  |

| Charge for year | 895 |  | 1,029 |  | 786 |  | 22,119 |  |

| At 31 March 2025 | 22,323 |  | 5,833 |  | 10,484 |  | 193,684 |  |

| NET BOOK VALUE

| At 31 March 2025 | 8,854 |  | - |  | 1,604 |  | 909,514 |  |

| At 31 March 2024 | 6,430 |  | 1,029 |  | 2,390 |  | 543,680 |  |

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

| Plant and

| machinery

£ |

| COST

| At 1 April 2024 | 13,659 |  |

| Transfer to ownership | (8,138 | ) |

| At 31 March 2025 | 5,521 |  |

| DEPRECIATION

| At 1 April 2024 | 5,788 |  |

| Charge for year | 636 |  |

| Transfer to ownership | (3,449 | ) |

| At 31 March 2025 | 2,975 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,546 |  |

| At 31 March 2024 | 7,871 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 3,748 |  | 45,548 |  |

| Amounts owed by group undertakings | 307,526 |  | 277,026 |  |

| Other debtors | 3,630 |  | 4,293 |  |

314,904 |  | 326,867 |  |

| Quickflash Limited (Registered number: 01602429) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 1,097 |  | 2,218 |  |

| Trade creditors | 107,446 |  | 106,085 |  |

| Taxation and social security | 98,230 |  | 118,708 |  |

| Other creditors | 210,906 |  | 188,943 |  |

417,679 |  | 415,954 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 860 |  | 1,956 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 1,957 |  | 4,174 |  |

| Hire purchase contracts are secured upon the assets to which they relate.

9. | ULTIMATE PARENT COMPANY

| The ultimate parent company is Hi Performance (Holdings) Limited, registered office address 2 Roker Avenue, Sunderland, SR6 0BY.