REGISTERED NUMBER: 10797648 (England and Wales)

QUALITY PODS (WALES) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N S Lewis

J H Lewis

SECRETARY:

REGISTERED OFFICE:

Castle Chambers

6 Westgate Hill

Pembroke

Pembrokeshire

SA71 4LB

REGISTERED NUMBER:

10797648 (England and Wales)

ACCOUNTANTS:

Bevan Buckland LLP

Chartered Accountants

Castle Chambers

6 Westgate Hill

Pembroke

Pembrokeshire

SA71 4LB

FIXED ASSETS

Tangible assets

4

236,655

195,827

CURRENT ASSETS

Debtors

5

222,239

217,236

Cash at bank and in hand

98,199

65,269

320,438

282,505

CREDITORS

Amounts falling due within one year

6

209,496

162,551

NET CURRENT ASSETS

110,942

119,954

TOTAL ASSETS LESS CURRENT LIABILITIES

347,597

315,781

CREDITORS

Amounts falling due after more than one year

7

1,667

15,026

NET ASSETS

345,930

300,755

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

345,730

300,555

345,930

300,755

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

N S Lewis - Director

1.	STATUTORY INFORMATION

Quality Pods (Wales) 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

161,834

52,308

214,142

Additions

27,839

32,336

60,175

Disposals

-

(10,995

)

(10,995

)

At 31 March 2025

189,673

73,649

263,322

DEPRECIATION

At 1 April 2024

475

17,840

18,315

Charge for year

456

9,545

10,001

Eliminated on disposal

-

(1,649

)

(1,649

)

At 31 March 2025

931

25,736

26,667

NET BOOK VALUE

At 31 March 2025

188,742

47,913

236,655

At 31 March 2024

161,359

34,468

195,827

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

38,563

48,807

Other debtors

183,676

168,429

222,239

217,236

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

8,831

3,857

Trade creditors

106,434

50,801

Taxation and social security

28,647

33,277

Other creditors

55,584

64,616

209,496

162,551

Other creditors includes deposits received.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,667

11,667

Hire purchase contracts

-

3,359

1,667

15,026

8.	RELATED PARTY DISCLOSURES

During the year the Company traded at a fair market value with a Company of which Mr N S Lewis is a director, on normal trading terms. £35,723 (2024 £nil) was outstanding at the year end and is included in Trade Creditors in the Balance Sheet. The Company used premises owned by a Company of which Mr N S Lewis is a director during the year and no rent (2024 £nil) has been charged in the accounts.

During the year the Company loaned £83,959 (2024 £77,959) to a Company of which Mr N S Lewis is a director, and this is outstanding at the Balance Sheet date.

9.	ULTIMATE CONTROLLING PARTY

10.

BANK LOAN

Bounce Back Loan £50,000 received in 2021.

* The UK Government will pay the interest for the first 12 months of the term of the Bounce Back Loan.

After this period there is a fixed interest rate of 2.5%