QUICK SERV LIMITED


Directors	Mrs N L Fairbairn
	Mr R D Fairbairn


Registered Address	Subway
	96-106 Whitegate Drive
	Blackpool
	FY3 9ES


Registered Number	11117404 (England and Wales)

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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/or 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.

Turnover policy

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/or 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.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	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
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Land and buildings	10
	Plant and machinery	7

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	93		82

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 October 24	472,395	34,462	506,857
At 30 September 25	472,395	34,462	506,857
Amortisation and impairment
At 01 October 24	216,355	17,423	233,778
Charge for year	46,907	3,460	50,367
At 30 September 25	263,262	20,883	284,145
Net book value
At 30 September 25	209,133	13,579	222,712
At 30 September 24	256,040	17,039	273,079

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Total
	£	£	£
Cost or valuation
At 01 October 24	300,317	575,868	876,185
Additions	-	287,150	287,150
At 30 September 25	300,317	863,018	1,163,335
Depreciation and impairment
At 01 October 24	129,415	277,790	407,205
Charge for year	30,034	80,484	110,518
At 30 September 25	159,449	358,274	517,723
Net book value
At 30 September 25	140,868	504,744	645,612
At 30 September 24	170,902	298,078	468,980

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	30,400	29,393
Total	30,400	29,393

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	1	3,806
Amounts owed by group undertakings	548,236	442,746
Other debtors	7,307	8,071
Prepayments and accrued income	47,549	27,703
Total	603,093	482,326

7.	Debtors: amounts due after one year

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	619,433	429,182
Bank borrowings and overdrafts	-	59,489
Taxation and social security	102,850	87,121
Finance lease and HP contracts	-	95,105
Other creditors	563,232	481,634
Accrued liabilities and deferred income	157,570	74,284
Total	1,443,085	1,226,815

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	108,208	127,471
Other creditors	-	5,866
Total	108,208	133,337

10.	Secured creditors
	Included in bank borrowings are loans which are secured by personal guarantees entered into by the directors and are by fixed and floating charges over the company assets.

11.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	-		100,971

12.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	118,087	56,020
Total	118,087	56,020

13.	Other commitments
	The total amount of financial commitments not included in the balance sheet at the year end is £635,488 (2024: £906,427).

14.	Related party transactions
	Quick Serv Limited borrowed funds from a company of which of which Mr R D Fairbairn is a director and shareholder. The amount outstanding at the year end was £290,398 (31 October 2024 - £370,961). Interest is charged at 12% and the loan is repayable on demand. Quick Serv Limited loaned funds to another company of which Mr R D Fairbairn is a director and shareholder. The amount outstanding at the year end was £547,600 (31 October 2024 - £442,746). The loan is interest free and is repayable on demand.

14.

Related party transactions

Quick Serv Limited borrowed funds from a company of which of which Mr R D Fairbairn is a director and shareholder. The amount outstanding at the year end was £290,398 (31 October 2024 - £370,961). Interest is charged at 12% and the loan is repayable on demand.

Quick Serv Limited loaned funds to another company of which Mr R D Fairbairn is a director and shareholder. The amount outstanding at the year end was £547,600 (31 October 2024 - £442,746). The loan is interest free and is repayable on demand.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		222,712		273,079
Tangible assets	4		645,612		468,980
			868,324		742,059
Current assets
Stocks	5	30,400		29,393
Debtors	6,7	603,093		482,326
Cash at bank and on hand		295,305		165,984
		928,798		677,703
Creditors amounts falling due within one year	8	(1,443,085)		(1,226,815)
Net current assets (liabilities)			(514,287)		(549,112)
Total assets less current liabilities			354,037		192,947
Creditors amounts falling due after one year	9		(108,208)		(133,337)
Provisions for liabilities	12		(118,087)		(56,020)
Net assets			127,742		3,590
Capital and reserves
Called up share capital			100		100
Profit and loss account			127,642		3,490
Shareholders' funds			127,742		3,590