Quarters Construction Limited - Filleted accounts

Registered number

12515909

Quarters Construction Limited

Filleted Accounts

31 March 2025

Quarters Construction Limited
Registered number:		12515909
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		240,763			285,055

Current assets
Stocks		5,262,798			1,588,763
Debtors	4	300,350			296,008
Cash at bank and in hand		1,968			28,768
		5,565,116			1,913,539

Creditors: amounts falling due within one year	5	(5,036,601)			(1,249,826)

Net current assets			528,515			663,713

Total assets less current liabilities			769,278			948,768

Creditors: amounts falling due after more than one year	6		(464,592)			(690,204)



Net assets			304,686			258,564

Capital and reserves
Called up share capital			100			100
Profit and loss account			304,586			258,464

Shareholders' funds			304,686			258,564

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Jason Clay
Director
Approved by the board on 30 December 2025

Quarters Construction Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer Equipment			Over 5 years
	Plant and machinery			25% reducing balance
	Motor vehicles			20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					6		6


3	Tangible fixed assets
		Computer Equipment		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	6,092		176,957		293,573		476,622
	Additions	-		-		186,200		186,200
	Disposals	-		-		(179,575)		(179,575)
	At 31 March 2025	6,092		176,957		300,198		483,247

	Depreciation
	At 1 April 2024	4,045		102,408		85,114		191,567
	Charge for the year	1,523		18,637		46,082		66,242
	On disposals	-		-		(15,325)		(15,325)
	At 31 March 2025	5,568		121,045		115,871		242,484

	Net book value
	At 31 March 2025	524		55,912		184,327		240,763
	At 31 March 2024	2,047		74,549		208,459		285,055


4	Debtors					2025		2024
£							£

	Trade debtors					85,167		93,285
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					183,500		183,500
	Other debtors					31,683		19,223
						300,350		296,008


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					139,451		57,559
	Obligations under finance lease and hire purchase contracts					82,649		29,847
	Trade creditors					1,077,101		755,658
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					3,475,681		335,167
	Taxation and social security costs					72,827		44,520
	Other creditors					188,892		27,075
						5,036,601		1,249,826


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					274,568		410,489
	Obligations under finance lease and hire purchase contracts					190,024		279,715
						464,592		690,204


7	Related party transactions

	During the year the Director loaned the Company £137,064. As at the 31 March 2025 the Company owed the director £156,954 (2024 - £19,890).


8	Other information

	Quarters Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Knabbs Ash, Skipton Road
	Felliscliffe
	Harrogate
	North Yorkshire
	HG3 2LT