Quality Lifestyle Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04725078

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		34,684		20,431

			34,684		20,431
CURRENT ASSETS
Debtors	5	56,236		64,093
Cash at bank and in hand		203,692		180,738

		259,928		244,831
Creditors: Amounts Falling Due Within One Year	6	(58,934 )		(45,074 )

NET CURRENT ASSETS (LIABILITIES)			200,994		199,757

TOTAL ASSETS LESS CURRENT LIABILITIES			235,678		220,188

Creditors: Amounts Falling Due After More Than One Year	7		(19,119 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(5,107 )

NET ASSETS			216,559		215,081

CAPITAL AND RESERVES
Called up share capital	9		368		368
Profit and Loss Account			216,191		214,713

SHAREHOLDERS' FUNDS			216,559		215,081

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Quality Lifestyle Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Herbert

Director

29 June 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Quality Lifestyle Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04725078 . The registered office is 6 Houndiscombe Road, Plymouth, Devon, PL4 6HH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services 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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10 Years Straight Line
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	3 Years Straight Line

2.4. Leasing and Hire Purchase Contracts

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2.5. Taxation

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 company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

2.6. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company 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.

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Quality Lifestyle Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 45 (2025: 47)

4. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	103,566	5,500	103,643	5,137	217,846
Additions	-	26,829	-	-	26,829
Disposals	-	(5,500 )	-	-	(5,500 )

As at 31 March 2026	103,566	26,829	103,643	5,137	239,175

Depreciation
As at 1 April 2025	103,566	5,427	84,228	4,194	197,415
Provided during the period	-	6,707	942	4,854	12,503
Disposals	-	(5,427 )	-	-	(5,427 )

As at 31 March 2026	103,566	6,707	85,170	9,048	204,491

Net Book Value
As at 31 March 2026	-	20,122	18,473	(3,911 )	34,684

As at 1 April 2025	-	73	19,415	943	20,431

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	2,272	272
Other debtors	53,964	63,821

	56,236	64,093

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	2,185	-
Trade creditors	3,238	3,026
Other creditors	16,241	24,441
Taxation and social security	37,270	17,607

	58,934	45,074

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	19,119	-

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Quality Lifestyle Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,185	-
Later than one year and not later than five years	19,119	-

	21,304	-

	21,304	-

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	368	368

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Michael Herbert	20,810	61,029	(43,840 )	-	37,999
Mr Richard Rabin	(13,407 )	15,000	(360 )	-	1,233

The above loan is unsecured and repayable on demand. Interest is charged at official HMRC rates.

11. Related Party Transactions

During the year the company made advances to directors totalling £76,029 (2025 – £68,599). Repayments of the advances and brought forward amounts totalled £44,200 (2025 - £87,200) and the balance outstanding as at 31 March 2026 was £39,233 (2025 - £7,404). Interest is charged at 3.75% per annum on balances over £10,000 and is calculated on a monthly basis. Interest of £1,029 (2025 - £529) was charged on the outstanding balance during the year.

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