REGISTERED NUMBER: 01602429 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Quickflash Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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

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.