Registration number: 04333916

Quickfire Tableware Limited

(Registration number: 04333916)

Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	4,219	13,173
Current assets
Stocks		94,329	127,869
Debtors	4	232,018	229,536
Cash at bank and in hand		87,159	114,390
		413,506	471,795
Creditors: Amounts falling due within one year	5	(390,006)	(393,919)
Net current assets		23,500	77,876
Total assets less current liabilities		27,719	91,049
Creditors: Amounts falling due after more than one year	5	-	(8,339)
Provisions for liabilities		(1,054)	(1,512)
Net assets		26,665	81,198
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		25,665	80,198
Shareholders' funds		26,665	81,198

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 12 August 2026 and signed on its behalf by:
 

.........................................

S K Martin

Company secretary and director

Quickfire Tableware Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	Accounting policies

Statutory information

Quickfire Tableware Limited is a private company, limited by shares, domiciled in England and Wales, company number 04333916. The registered office is at Unit 7, Westthorpe Fields Road, Killamarsh, Sheffield, S21 1TZ.

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK 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 presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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. Turnover is recognised when goods have been delivered to the customer or upon delivery of services to customer.

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 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.

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.

Tangible assets

Tangible assets are stated in the balance sheet 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.

Quickfire Tableware Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

1	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line basis
Fixtures and fittings	33% straight line basis
Property improvements	10% straight line basis

Stocks

Stock is valued at the lower of cost and net realisable value.

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 company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2024 - 19).

Quickfire Tableware Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

3	Tangible assets

	Property improvements £	Plant and machinery  £	Fixtures and fittings £	Total £
Cost
At 1 December 2024	116,281	81,196	22,242	219,719
At 30 November 2025	116,281	81,196	22,242	219,719
Depreciation
At 1 December 2024	109,157	78,034	19,355	206,546
Charge for the year	7,124	771	1,059	8,954
At 30 November 2025	116,281	78,805	20,414	215,500
Carrying amount
At 30 November 2025	-	2,391	1,828	4,219
At 30 November 2024	7,124	3,162	2,887	13,173

4

Debtors

	2025 £	2024 £
Trade debtors	110,931	106,796
Prepayments	3,202	6,970
Other debtors	117,885	115,770
	232,018	229,536

5

Creditors

	2025 £	2024 £
Due within one year
Bank loan	8,337	16,675
Trade creditors	278,797	265,791
Taxation and social security	52,868	62,381
Accruals and deferred income	48,589	47,493
Other creditors	1,415	1,579
	390,006	393,919