Quanta Contracts Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04378732

Quanta Contracts Limited

Filleted Unaudited Financial Statements

For the year ended

30 April 2025

Quanta Contracts Limited

Statement of Financial Position

30 April 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	91,564	98,327

Current assets

Debtors	7	1,697,652	1,874,226
Cash at bank and in hand		13,611	486,086
		------------	------------
		1,711,263	2,360,312

Creditors: amounts falling due within one year	8	1,148,377	670,268
		------------	------------
Net current assets		562,886	1,690,044
		---------	------------
Total assets less current liabilities		654,450	1,788,371

Creditors: amounts falling due after more than one year	9	74,359	344,373

Provisions

Deferred taxation	–	7,078
	---------	------------
Net assets	580,091	1,436,920
	---------	------------

Capital and reserves

Called up share capital	6	56
Capital redemption reserve	100	50
Profit and loss account	579,985	1,436,814
	---------	------------
Shareholders funds	580,091	1,436,920
	---------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Quanta Contracts Limited

Statement of Financial Position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 8 December 2025 , and are signed on behalf of the board by:

J F Davis
Director

Company registration number: 04378732

Quanta Contracts Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Stephenson Court, Fraser Road, Priory Business Park, Bedford, MK44 3WJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered during the year, including estimates for amounts not invoiced at the year end. Turnover is stated net of discounts and of value added tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date where transactions or events have occurred at that date will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted by the reporting date.

Operating leases

Lease payments are recognised as an expense and lease receipts are recognised as income over the lease term on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	25% straight line
Plant & machinery	-	25% straight line
Fixtures, fittings & equipment	-	33% straight line
Motor vehicles	-	25% reducing balance

Investments in group undertakings

Investments in group undertakings accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income when received.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Finance lease and hire purchase payments are apportioned between the finance charges and reduction of the outstanding lease liability using the sum of the digits method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Pension contributions

The company makes contributions to the personal pension schemes of the director and certain employees. The annual contributions payable are recognised as an expense in the period in which the related services are provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 17 (2024: 9 ).

5. Tangible assets

	Leasehold improvements	Plant & machinery	Fixtures, fittings & equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 May 2024	35,256	390	142,563	134,903	313,112
Additions	–	–	4,604	66,490	71,094
Disposals	–	( 390)	( 54,513)	( 69,904)	( 124,807)
	--------	----	---------	---------	---------
At 30 April 2025	35,256	–	92,654	131,489	259,399
	--------	----	---------	---------	---------
Depreciation
At 1 May 2024	33,705	390	138,533	42,157	214,785
Charge for the year	698	–	3,154	27,403	31,255
Disposals	–	( 390)	( 54,513)	( 23,302)	( 78,205)
	--------	----	---------	---------	---------
At 30 April 2025	34,403	–	87,174	46,258	167,835
	--------	----	---------	---------	---------
Carrying amount
At 30 April 2025	853	–	5,480	85,231	91,564
	--------	----	---------	---------	---------
At 30 April 2024	1,551	–	4,030	92,746	98,327
	--------	----	---------	---------	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 May 2024 and 30 April 2025	1
	----
Impairment
At 1 May 2024 and 30 April 2025	1
	----

Carrying amount
At 30 April 2025	–
	----
At 30 April 2024	–
	----

Quanta Contracts Limited owned 100% of the share capital of TQ Interiors Limited, a company registered in England and Wales. TQ Interiors Limited entered into voluntary liquidation on 16 May 2022 and was subsequently dissolved on the 30 April 2025.

7. Debtors

	2025	2024
	£	£
Trade debtors	1,560,426	1,344,784
Other debtors	137,226	529,442
	------------	------------
	1,697,652	1,874,226
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans	525,783	166,667
Trade creditors	167,979	24,861
Social security and other taxes	315,387	233,387
Other creditors	139,228	245,353
	------------	---------
	1,148,377	670,268
	------------	---------

Included within bank loans is £166,667 (2024: £166,667) which is secured by way of a personal guarantee provided by the director. Included within other creditors is an amount of £nil (2024: £12,312) relating to assets acquired under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	74,359	333,333
Other creditors	–	11,040
	--------	---------
	74,359	344,373
	--------	---------

Included within bank loans is £74,359 (2024: £333,333) which is secured by way of a personal guarantee provided by the director. Included within other creditors is an amount of £nil (2024: £11,040) relating to assets acquired under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in debtors (note 7)	9,188	–
Included in provisions	–	( 7,078)
	-------	-------
	9,188	( 7,078)
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Capital allowances	( 9,188)	7,078
	-------	-------

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Later than 1 year and not later than 5 years	39,523	38,716
	--------	--------

12. Director's advances, credits and guarantees

At the start of the year, Director A had an overdrawn loan account with a balance outstanding of £243,081. Loans to the directors are unsecured and are charged annual interest at 2.25% when overdrawn. At the reporting date, Director A had repaid his loan account in full.