General Information
QUICK & PRECISE FOR CONSTRUCTION, EXTENSION & RENOVATION LTD is a private company, limited by shares, registered in England and Wales, registration number 12990873, registration address 44 Queensway, Heald Green, Cheadle, SK8 3DD.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The director believes that the company can successfully manage its business risks and, after making relevant enquiries, the director has a reasonable expectation that the company will have access to adequate resources to continue to trade for the foreseeable future and he believes it is appropriate to continue to adopt the going concern basis in preparing the annual report and accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 5 (2024 : 3).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 December 2024 |
33,855 |
|
207 |
|
207 |
|
34,269 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 30 November 2025 |
33,855 |
|
207 |
|
207 |
|
34,269 |
| Depreciation |
| At 01 December 2024 |
17,782 |
|
120 |
|
120 |
|
18,022 |
| Charge for year |
4,019 |
|
22 |
|
22 |
|
4,063 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 30 November 2025 |
21,801 |
|
142 |
|
142 |
|
22,085 |
| Net book values |
| Closing balance as at 30 November 2025 |
12,054 |
|
65 |
|
65 |
|
12,184 |
| Opening balance as at 01 December 2024 |
16,073 |
|
87 |
|
87 |
|
16,247 |
The net book value of Motor Vehicles includes £ 11,012 (2024 £14,683) in respect of assets leased under finance leases or hire purchase contracts.
Depreciation on assets under Finance Lease
The total depreciation charge for the year on Motor Vehicles includes £ 3,671 (2024 £15,876.66) in respect of assets leased under finance leases or hire purchase contracts. |
| 4. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
1
Class A share of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
2
|