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Company Registration No. 10097826 (England and Wales)
QUALITY WAY LTD Unaudited accounts for the year ended 31 August 2025
QUALITY WAY LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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QUALITY WAY LTD Company Information for the year ended 31 August 2025
Directors
Abdul Azim Masjidi Jaspreet Singh Dhillon
Company Number
10097826 (England and Wales)
Registered Office
142 JOHNSON STREET UNIT 7 SOUTHALL UB2 5FD ENGLAND
Accountants
SAMI & CO ACCOUNTANTS 48 BILTON ROAD PERIVALE MIDDLESEX UB6 7DH
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QUALITY WAY LTD Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
5,646
7,057
Current assets
Inventories
462,000
511,305
Debtors
5
35,617
98,506
Cash at bank and in hand
41,468
47,056
539,085
656,867
Creditors: amounts falling due within one year
6
(59,292)
(139,496)
Net current assets
479,793
517,371
Total assets less current liabilities
485,439
524,428
Creditors: amounts falling due after more than one year
7
(88,949)
(99,095)
Net assets
396,490
425,333
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
395,490
424,333
Shareholders' funds
396,490
425,333
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2026 and were signed on its behalf by
Abdul Azim Masjidi Director Company Registration No. 10097826
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QUALITY WAY LTD Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
QUALITY WAY LTD is a private company, limited by shares, registered in England and Wales, registration number 10097826. The registered office is 142 JOHNSON STREET, UNIT 7, SOUTHALL, UB2 5FD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing balance
Computer equipment
20% Reducing balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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QUALITY WAY LTD Notes to the Accounts for the year ended 31 August 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 September 2024
23,232
650
23,882
At 31 August 2025
23,232
650
23,882
Depreciation
At 1 September 2024
16,311
514
16,825
Charge for the year
1,384
27
1,411
At 31 August 2025
17,695
541
18,236
Net book value
At 31 August 2025
5,537
109
5,646
At 31 August 2024
6,921
136
7,057
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
35,617
98,506
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
5,551
2,957
Trade creditors
37,704
119,076
Taxes and social security
16,037
17,463
59,292
139,496
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
8,961
19,107
Loans from directors
79,988
79,988
88,949
99,095
8
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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