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Company Registration No. 05728355 (England and Wales)
Quick Developments Limited Unaudited accounts for the year ended 31 March 2026
Quick Developments Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Quick Developments Limited Company Information for the year ended 31 March 2026
Director
David Collard
Company Number
05728355 (England and Wales)
Registered Office
Quicksilver Moving & Storage Ponteland Road Throckley Newcastle upon Tyne Tyne and Wear NE15 9EP England
Accountants
Genesis Accountants The Grainger Suite Dobson House Regent Farm Road Newcastle Upon Tyne NE3 3PF
- 3 -
Quick Developments Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
1,284,573
1,284,573
Current assets
Debtors
5
29,520
121,561
Cash at bank and in hand
13,606
6,235
43,126
127,796
Creditors: amounts falling due within one year
6
(381,486)
(747,675)
Net current liabilities
(338,360)
(619,879)
Total assets less current liabilities
946,213
664,694
Creditors: amounts falling due after more than one year
7
(260,000)
-
Net assets
686,213
664,694
Capital and reserves
Called up share capital
100
100
Profit and loss account
686,113
664,594
Shareholders' funds
686,213
664,694
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 director acknowledges his 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 and authorised for issue on 10 August 2026 and were signed on its behalf by
David Collard Director Company Registration No. 05728355
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Quick Developments Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Quick Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 05728355. The registered office is Quicksilver Moving & Storage, Ponteland Road, Throckley, Newcastle upon Tyne, Tyne and Wear, NE15 9EP, 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.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
1,284,573
16,600
1,301,173
At 31 March 2026
1,284,573
16,600
1,301,173
Depreciation
At 1 April 2025
-
16,600
16,600
At 31 March 2026
-
16,600
16,600
Net book value
At 31 March 2026
1,284,573
-
1,284,573
At 31 March 2025
1,284,573
-
1,284,573
5
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
-
115
Accrued income and prepayments
(500)
-
Other debtors
30,020
121,446
29,520
121,561
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Quick Developments Limited Notes to the Accounts for the year ended 31 March 2026
6
Creditors: amounts falling due within one year
2026
2025
£
£
Amounts owed to group undertakings and other participating interests
375,014
741,447
Taxes and social security
5,047
4,878
Other creditors
-
500
Loans from directors
575
-
Accruals
850
850
381,486
747,675
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
260,000
-
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).
- 6 -