Registration number:
Quadzilla Int Limited
for the Year Ended 30 September 2025
Quadzilla Int Limited
Contents
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Company Information |
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Strategic Report |
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Director's Report |
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Statement of Director's Responsibilities |
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Independent Auditor's Report |
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Consolidated Profit and Loss Account |
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Consolidated Statement of Comprehensive Income |
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Consolidated Balance Sheet |
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Balance Sheet |
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Consolidated Statement of Changes in Equity |
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Statement of Changes in Equity |
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Consolidated Statement of Cash Flows |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Quadzilla Int Limited
Company Information
|
Director |
H Hinkley |
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Registered office |
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Auditors |
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Quadzilla Int Limited
Strategic Report for the Year Ended 30 September 2025
The Director presents his strategic report for the year ended 30 September 2025.
Principal activity
The principal activity of the Group is continues to be the importation and wholesale distribution of all-terrain vehicles.
Fair review of the business
I aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year-end.
My review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties I face.
During the 2023/24 financial year, the Company strategically streamlined its core business operations, placing a strong emphasis on the distribution and promotion of CFMOTO branded products. In alignment with our future growth strategy, significant investment has been made in enhancing the digital aspects of our operations. This digital transformation is expected to increase our efficiency, responsiveness, and overall market competitiveness.
Financial performance during the year demonstrated continued strength and resilience, reflecting our focused approach and strategic realignment.
The Company's key financial and other performance indicators during the year were as follows:
|
Financial KPIs |
Unit |
2025 |
2024 |
|
Turnover |
£ |
19,819,615 |
11,582,622 |
|
Gross margin |
% |
22.8 |
23.8 |
|
Profit before tax |
£ |
3,102,026 |
1,803,779 |
Principal risks and uncertainties
The Company operates within an environment that continues to present a variety of risks and uncertainties. Among these, global economic uncertainty remains a significant concern, potentially affecting consumer confidence and demand for all-terrain vehicles. Additionally, the UK's broader economic strategy and ongoing adjustments in farming policy may directly influence our core customer segments.
Currency fluctuations also represent a substantial area of risk, given our reliance on international supply chains and imports. Moreover, recent volatility within the banking sector could impact financial stability and credit availability, both for our Company and for our dealers and distributors.
Furthermore, the market saturation and competitive offerings from other industry players require continual innovation and market responsiveness to maintain our position and growth trajectory. The Director remains mindful of these risks, proactively managing them through prudent financial management and strategic planning.
Approved and authorised by the
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......................................... |
Quadzilla Int Limited
Director's Report for the Year Ended 30 September 2025
The Director presents his report and the for the year ended 30 September 2025.
Director of the Group
The Director who held office during the year was as follows:
Financial instruments
Objectives and policies
The overall objective of the directors is to ensure that the business is profitable and stable and will continue to be successful for the benefit of the shareholders and employees.
Price risk, credit risk, liquidity risk and cash flow risk
The business' principle financial instruments comprise bank balances, bank overdrafts, trade debtors and trade creditors. The main purpose of these instruments is to finance the business' operations.
In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of overdrafts at floating rates of interest.
Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors.
Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.
Disclosure of information to the auditor
The Director has taken steps that he ought to have taken as a Director in order to make himself aware of any relevant audit information and to establish that the Company's auditor is aware of that information. The Director confirms that there is no relevant information that he knows of and of which he knows the auditor is unaware.
Approved and authorised by the
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......................................... |
Quadzilla Int Limited
Statement of Director's Responsibilities
The Director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the Director to prepare financial statements for each financial year. Under that law the Director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Group and the Company and of the profit or loss of the Group for that period. In preparing these financial statements, the Director is required to:
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• |
select suitable accounting policies and apply them consistently; |
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• |
make judgements and accounting estimates that are reasonable and prudent; |
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• |
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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• |
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. |
The Director is responsible for keeping adequate accounting records that are sufficient to show and explain the Group's and the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Quadzilla Int Limited
Independent Auditor's Report to the Members of Quadzilla Int Limited
Opinion
We have audited the financial statements of Quadzilla Int Limited (the 'parent Company') and its subsidiary (the 'Group') for the year ended 30 September 2025, which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Changes in Equity, Statement of Changes in Equity, Consolidated Statement of Cash Flows, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the Group's and the parent Company's affairs as at 30 September 2025 and of the Group's profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the Director with respect to going concern are described in the relevant sections of this report.
Other information
The Director is responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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• |
the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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• |
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements. |
Quadzilla Int Limited
Independent Auditor's Report to the Members of Quadzilla Int Limited
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept by the parent Company, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the parent Company financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of Director's remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of the Director
As explained more fully in the Statement of Director's Responsibilities [set out on page 4], the Director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Director is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Director either intends to liquidate the Company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- testing management override of controls including journal testing and review accounting estimates for
reasonableness
- enquiries of management of actual and potential litigation claims
- enquiries of management including fraud and associated risks
- discussions with management, including consideration of known or suspected instances of non-compliance
- testing focussing on the area of the financial statements most suspectible to material error including completeness
of income to ensure correct matching of revenue and costs.
Because of inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from events and transactions reflected in
the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also
greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment,
forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the Company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Quadzilla Int Limited
Independent Auditor's Report to the Members of Quadzilla Int Limited
......................................
For and on behalf of
139 Eastgate
Louth
Lincolnshire
LN11 9QQ
Quadzilla Int Limited
Consolidated Profit and Loss Account for the Year Ended 30 September 2025
|
Note |
2025 |
2024 |
|
|
Turnover |
|
|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Other operating income |
|
- |
|
|
Operating profit |
|
|
|
|
Other interest receivable and similar income |
|
|
|
|
Interest payable and similar expenses |
|
|
|
|
250,174 |
7,432 |
||
|
Profit before tax |
|
|
|
|
Tax on profit |
( |
( |
|
|
Profit for the financial year |
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|
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Profit/(loss) attributable to: |
|||
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Owners of the Company |
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Quadzilla Int Limited
Consolidated Statement of Comprehensive Income for the Year Ended 30 September 2025
|
2025 |
2024 |
|
|
Profit for the year |
|
|
|
Other comprehensive income |
(468,914) |
468,914 |
|
Total comprehensive income for the year |
|
|
|
Total comprehensive income attributable to: |
||
|
Owners of the Company |
|
|
Quadzilla Int Limited
(Registration number: 15022562)
Consolidated Balance Sheet as at 30 September 2025
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Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Negative goodwill |
( |
( |
|
|
Intangible assets not including goodwill |
|
|
|
|
Tangible assets |
|
|
|
|
|
|
||
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Current assets |
|||
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Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
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Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
100 |
100 |
|
|
Other reserves |
- |
468,914 |
|
|
Retained earnings |
3,438,503 |
1,124,368 |
|
|
Equity attributable to owners of the company |
3,438,603 |
1,593,382 |
|
|
Shareholders' funds |
3,438,603 |
1,593,382 |
Approved and authorised by the
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......................................... |
Quadzilla Int Limited
(Registration number: 15022562)
Balance Sheet as at 30 September 2025
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Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Investments |
|
|
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current liabilities |
( |
( |
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
- |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
100 |
100 |
|
|
Other reserves |
- |
468,914 |
|
|
Shareholders' funds |
100 |
469,014 |
The company made a loss after tax for the financial year of £-.
Approved and authorised by the
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Quadzilla Int Limited
Consolidated Statement of Changes in Equity for the Year Ended 30 September 2025
Equity attributable to the parent company
|
Share capital |
Other reserves |
Retained earnings |
Total |
Total equity |
|
|
At 1 October 2024 |
|
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
|
Other comprehensive income |
- |
( |
- |
( |
( |
|
Total comprehensive income |
- |
( |
|
|
|
|
At 30 September 2025 |
|
- |
|
|
|
|
Share capital |
Other reserves |
Retained earnings |
Total |
Total equity |
|
|
Profit for the year |
- |
- |
|
|
|
|
Other comprehensive income |
- |
|
- |
|
|
|
Total comprehensive income |
- |
|
|
|
|
|
New share capital subscribed |
|
- |
- |
|
|
|
At 30 September 2024 |
100 |
468,914 |
1,124,368 |
1,593,382 |
1,593,382 |
Quadzilla Int Limited
Statement of Changes in Equity for the Year Ended 30 September 2025
|
Share capital |
Other reserves |
Total |
|
|
At 1 October 2024 |
|
|
|
|
Other comprehensive income |
- |
( |
( |
|
At 30 September 2025 |
|
- |
|
|
Share capital |
Other reserves |
Total |
|
|
Other comprehensive income |
- |
|
|
|
New share capital subscribed |
|
- |
|
|
At 30 September 2024 |
100 |
468,914 |
469,014 |
Quadzilla Int Limited
Consolidated Statement of Cash Flows for the Year Ended 30 September 2025
|
Note |
2025 |
2024 |
|
|
Cash flows from operating activities |
|||
|
Profit for the year |
|
|
|
|
Adjustments to cash flows from non-cash items |
|||
|
Depreciation and amortisation |
|
|
|
|
Profit on disposal of tangible assets |
- |
( |
|
|
Finance income |
( |
( |
|
|
Finance costs |
|
|
|
|
Income tax expense |
|
|
|
|
Other comprehensive income |
(468,914) |
468,914 |
|
|
|
|
||
|
Working capital adjustments |
|||
|
(Increase)/decrease in stocks |
( |
|
|
|
(Increase)/decrease in trade debtors |
( |
|
|
|
Increase in trade creditors |
|
|
|
|
Increase in deferred income, including government grants |
|
- |
|
|
Cash generated from operations |
|
|
|
|
Income taxes paid |
( |
( |
|
|
Net cash flow from operating activities |
|
|
|
|
Cash flows from investing activities |
|||
|
Interest received |
|
|
|
|
Acquisitions of tangible assets |
( |
( |
|
|
Proceeds from sale of tangible assets |
- |
|
|
|
Acquisition of intangible assets |
( |
- |
|
|
Acquisition of subsidiary net of cash acquired |
- |
(5,881,928) |
|
|
Net cash flows from investing activities |
( |
( |
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
( |
|
|
Proceeds from issue of ordinary shares, net of issue costs |
- |
|
|
|
Proceeds from bank borrowing draw downs |
|
- |
|
|
Repayment of other borrowing |
( |
|
|
|
Net cash flows from financing activities |
( |
|
|
|
Net increase in cash and cash equivalents |
|
|
|
|
Cash and cash equivalents at 1 October |
|
- |
|
|
Cash and cash equivalents at 30 September |
1,826,037 |
1,818,760 |
|
Quadzilla Int Limited
Statement of Cash Flows for the Year Ended 30 September 2025
|
Note |
2025 |
2024 |
|
|
Cash flows from operating activities |
|||
|
Profit/(loss) for the year |
- |
- |
|
|
Adjustments to cash flows from non-cash items |
|||
|
Other comprehensive income |
(468,914) |
468,914 |
|
|
( |
|
||
|
Working capital adjustments |
|||
|
Increase in trade debtors |
- |
( |
|
|
Increase in trade creditors |
|
|
|
|
Net cash flow from operating activities |
|
|
|
|
Cash flows from investing activities |
|||
|
Acquisition of subsidiaries |
- |
( |
|
|
Cash flows from financing activities |
|||
|
Proceeds from issue of ordinary shares, net of issue costs |
- |
|
|
|
Repayment of other borrowing |
( |
|
|
|
Net cash flows from financing activities |
( |
|
|
|
Net increase/(decrease) in cash and cash equivalents |
- |
- |
|
|
Cash and cash equivalents at 1 October |
- |
- |
|
|
Cash and cash equivalents at 30 September |
- |
- |
|
Quadzilla Int Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
|
General information |
The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 15022562.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements have been prepared in sterling and are rounded to the nearest pound.
Basis of consolidation
The consolidated financial statements consolidate the financial statements of the Company and its subsidiary undertaking drawn up to 30 September 2025.
No Profit and Loss Account is presented for the Company as permitted by section 408 of the Companies Act 2006. The company made a profit after tax for the financial year of £nil.
Quadzilla Int Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
A subsidiary is an entity controlled by the Company. Control is achieved where the Company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the Group.
The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the Group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.
Inter-company transactions, balances and unrealised gains on transactions between the Company and its subsidiaries, which are related parties, are eliminated in full.
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the Group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.
Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the group operates and generates taxable income.
Quadzilla Int Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements and on unused tax losses or tax credits in the Group. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Land |
No depreciation is charged |
|
Freehold property |
2% straight line basis |
|
Leasehold property |
10% straight line basis |
|
Plant & machinery |
15% reducing balance basis |
|
Motor vehicles |
25% reducing balance basis |
|
Equipment |
25% reducing balance basis |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Negative goodwill
Negative goodwill arising on an acquisition is recognised on the face of the balance sheet on the acquisition date and subsequently the excess up to the fair value of non-monetary assets acquired is recognised in profit or loss in the periods in which the non-monetary assets are recovered.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
|
Asset class |
Amortisation method and rate |
|
Other intangible assets |
10% straight line basis |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.
Quadzilla Int Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Stocks
Finished stocks and raw materials are stated at the lower of cost and estimated selling price less costs to complete and sell whereby cost is valued at the last purchase price.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
|
Turnover |
The analysis of the Group's Turnover for the year from continuing operations is as follows:
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2025 |
2024 |
|
|
Sale of goods |
|
|
|
Haulage |
|
|
|
|
|
The analysis of the Group's Turnover for the year by market is as follows:
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2025 |
2024 |
|
|
UK |
|
|
|
Europe |
|
|
|
|
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Quadzilla Int Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
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Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Amortisation expense |
|
|
|
Profit on disposal of property, plant and equipment |
- |
( |
|
Government grants |
The amount of grants recognised in the financial statements was £
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Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
|
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Other finance income |
- |
|
|
|
|
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on obligations under finance leases and hire purchase contracts |
|
|
|
Interest expense on other finance liabilities |
|
- |
|
Foreign exchange losses |
( |
( |
|
( |
( |
|
Staff costs |
The aggregate payroll costs (including Director's remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
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Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
|
|
The average number of persons employed by the Group (including the Director) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Administration and support |
|
|
|
|
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Quadzilla Int Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Director's remuneration |
The Director's remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of these financial statements |
4,200 |
4,000 |
|
Taxation |
Tax charged/(credited) in the consolidated profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
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UK corporation tax |
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|
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Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
|
( |
|
Tax expense in the income statement |
|
|
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Decrease in UK and foreign current tax from adjustment for prior periods |
- |
( |
|
Tax increase from effect of capital allowances and depreciation |
|
|
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Further item of tax increase |
- |
|
|
Total tax charge |
|
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Quadzilla Int Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Deferred tax
Group
Deferred tax assets and liabilities
|
2025 |
Liability |
|
Difference between accumulated depreciation and capital allowances |
|
|
Pension creditor |
( |
|
|
|
2024 |
Liability |
|
Difference between accumulated depreciation and capital allowances |
|
|
Pension creditor |
( |
|
|
|
Intangible assets |
Group
|
Internally generated software development costs |
Other intangible assets |
Total |
|
|
Cost or valuation |
|||
|
At 1 October 2024 |
- |
|
|
|
Additions acquired separately |
|
|
|
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At 30 September 2025 |
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|
|
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Amortisation |
|||
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At 1 October 2024 |
- |
|
|
|
Amortisation charge |
|
|
|
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At 30 September 2025 |
|
|
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Carrying amount |
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At 30 September 2025 |
|
|
|
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At 30 September 2024 |
- |
|
|
|
Negative goodwill |
2025 |
|
At 1 October 2024 |
( |
|
At 30 September 2025 |
( |
|
|
|
Quadzilla Int Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Tangible assets |
Group
|
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Total |
|
|
Cost or valuation |
||||
|
At 1 October 2024 |
|
|
|
|
|
Additions |
|
|
|
|
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At 30 September 2025 |
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|
|
|
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Depreciation |
||||
|
At 1 October 2024 |
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|
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|
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Charge for the year |
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|
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At 30 September 2025 |
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Carrying amount |
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At 30 September 2025 |
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At 30 September 2024 |
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|
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Restriction on title and pledged as security
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Investments |
Company
|
2025 |
2024 |
|
|
Investments in subsidiaries |
|
|
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 October 2024 and 30 September 2025 |
|
|
Carrying amount |
|
|
At 30 September 2025 |
|
|
At 30 September 2024 |
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Quadzilla Int Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the Company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
|||
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Subsidiary undertakings |
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|
Lodge Farm
United Kingdom |
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|
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Subsidiary undertakings |
|
Quadzilla Limited The principal activity of Quadzilla Limited is |
|
Stocks |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Other inventories |
|
|
- |
- |
|
Debtors |
|
Group |
Company |
|||
|
Current |
2025 |
2024 |
2025 |
2024 |
|
Trade debtors |
|
|
- |
- |
|
Other debtors |
|
|
|
|
|
Prepayments and accrued income |
|
|
- |
- |
|
|
|
|
|
|
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Cash and cash equivalents |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Cash on hand |
|
|
- |
- |
|
Cash at bank |
|
|
- |
- |
|
Short-term deposits |
|
|
- |
- |
|
|
|
- |
- |
|
Quadzilla Int Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Creditors |
|
Group |
Company |
||||
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Note |
2025 |
2024 |
2025 |
2024 |
|
|
Due within one year |
|||||
|
Bank overdraft and loans |
|
- |
- |
- |
|
|
Trade creditors |
|
|
- |
- |
|
|
Amounts due to related parties |
- |
- |
|
|
|
|
Social security and other taxes |
|
|
- |
- |
|
|
Outstanding defined contribution pension costs |
|
|
- |
- |
|
|
Other payables |
|
|
- |
|
|
|
Accruals and deferred income |
|
|
- |
- |
|
|
Income tax liability |
444,276 |
688,602 |
- |
- |
|
|
Deferred income |
|
- |
- |
- |
|
|
|
|
|
|
||
|
Due after one year |
|||||
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Loans and borrowings |
|
|
- |
|
|
|
Deferred income |
|
- |
- |
- |
|
|
|
|
- |
|
||
|
Loans and borrowings |
Non-current loans and borrowings
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Bank borrowings |
|
- |
- |
- |
|
Other borrowings |
- |
|
- |
|
|
|
|
- |
|
|
Current loans and borrowings
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Bank borrowings |
|
- |
- |
- |
|
Other borrowings |
- |
|
- |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
- |
- |
7,487,250 |
3,237,250 |
|
|
|
|
|
|
Other borrowings of £nil (2024 - £1,516,418) and bank loans of £435,449 (2024 - £nil) due within one year are secured. These are secured against the assets of Quadzilla Limited.
Other borrowings of £nil (2024 - £2,264,668) and bank loans of £3,020,802 (2024 - £nil) due after one year are secured. These are secured against the assets of Quadzilla Limited.
Quadzilla Int Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Group
Bank borrowings
|
|
|
|
Included in the loans and borrowings are the following amounts due after more than five years:
|
2025 |
2024 |
|
|
After more than five years by instalments |
|
- |
|
- |
- |
|
Provisions for liabilities |
Group
|
Deferred tax |
Total |
|
|
At 1 October 2024 |
|
|
|
Increase (decrease) in existing provisions |
|
|
|
At 30 September 2025 |
|
|
|
|
||
|
Pension and other schemes |
Defined contribution pension scheme
The Group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the Group to the scheme and amounted to £
Contributions totalling £
|
Share capital |
Allotted, called up and not fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
100 |
|
100 |
Rights, preferences and restrictions
|
Ordinary shares have the following rights, preferences and restrictions: |
Quadzilla Int Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Analysis of changes in net debt |
Group
|
At 1 October 2024 |
Financing cash flows |
At 30 September 2025 |
|
|
Cash and cash equivalents |
|||
|
Cash |
1,818,760 |
7,277 |
1,826,037 |
|
Borrowings |
|||
|
Long term borrowings |
(2,264,668) |
(756,134) |
(3,020,802) |
|
Short term borrowings |
(1,516,418) |
1,080,969 |
(435,449) |
|
(3,781,086) |
324,835 |
(3,456,251) |
|
|
|
|||
|
( |
|
( |
|
|
Related party transactions |
Group
The group has taken advantage of the exemption in relation to the section 33 of FRS 102 'Related Party Disclosures' from disclosing transactions with other members of the group in which any subsidiary which is a party to the transaction is wholly owned by the group.
Key management compensation
|
2025 |
2024 |
|
|
Salaries and other short term employee benefits |
|
|
|
Transactions with the Director |
|
2025 |
At 1 October 2024 |
Advances to Director |
At 30 September 2025 |
|
H Hinkley |
|||
|
Director's interest free loan account - no formal repayment terms |
|
|
|
|
2024 |
At 24 July 2023 |
At 30 September 2024 |
|
H Hinkley |
||
|
Director's interest free loan account - no formal repayment terms |
|
|
|
Parent and ultimate parent undertaking |
The ultimate controlling party is