Quartermaster Supplies Ltd - Filleted accounts

Registered number

07560913

Quartermaster Supplies Ltd

Filleted Accounts

31 August 2025

Quartermaster Supplies Ltd
Registered number:		07560913
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Current assets
Debtors	3	63,136			219,035
Cash at bank and in hand		945			3,474
		64,081			222,509

Creditors: amounts falling due within one year	4	(130,524)			(95,548)

Net current assets			(66,443)			126,961

Total assets less current liabilities			(66,443)			126,961

Creditors: amounts falling due after more than one year	5		(54,881)			(64,833)



Net assets/(liabilities)			(121,324)			62,128

Capital and reserves
Called up share capital			100			100
Profit and loss account			(121,424)			62,028

Shareholder's funds			(121,324)			62,128

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




Mr. P M Patel
Director
Approved by the board on 27 May 2026

Quartermaster Supplies Ltd
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	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 at rates calculated to write off
	the cost, less accumulated residual value, of each asset over its expected useful life, as follows

	Plant and machinery	over 4 years


	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Going concern
	The accounts are prepared under the going concern convention which assumes the
	continuing financial support of the company director. After reviewing the company's forecasts
	and projections, the director has a reasonable expectation that the company has adequate
	resources to confinue in operational existence for the forseeable future.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Debtors		2025		2024
£				£

	Trade debtors		-		2,252
	Amounts owed by a company with a common director		45,268		45,268
	Other debtors		17,868		171,515
			63,136		219,035


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

	Bank loans and overdrafts		4,189		5,484
	Trade creditors		7,080		5,562
	Taxation and social security costs		7,919		19,086
	Other creditors		111,336		65,416
			130,524		95,548


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

	Bank loans		-		4,185
	Other creditors		54,881		60,648
			54,881		64,833

	Included in other creditors is £54,881 (2024: £60,648) owing to the director. The loan is interest-free and there is no fixed date of repayment. The director has confirmed that the loan will only be repaid as and when cash flow permits.


6	Related party transactions

	At the balance sheet date, an amount of £45,268 (2024 £45,268) was due from Quartermasters Ltd, a company of which Mr. P M Patel is director.


7	Controlling party

	The company is controlled by the director who owns the entire share capital of the company.


8	Other information

	Quartermaster Supplies Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Devonshire House
	582 Honeypot Lane
	Stanmore
	HA7 1JS