Company Registration No. 03381742 (England and Wales)
Quadrotech Limited
Unaudited accounts
for the year ended 31 August 2022
Quadrotech Limited
Unaudited accounts
Contents
Quadrotech Limited
Company Information
for the year ended 31 August 2022
Company Number
03381742 (England and Wales)
Registered Office
The Reading Rooms
Burnleys Buildings
Flockton
West Yorkshire
WF4 4DL
England
Accountants
Small Business Accountancy
18 Stoney Hill
Rastrick
Brighouse
West Yorkshire
HD6 3BP
Quadrotech Limited
Statement of financial position
as at
31 August 2022
Tangible assets
2,400
3,000
Cash at bank and in hand
103,187
25,390
Creditors: amounts falling due within one year
(32,176)
(1,226)
Net current assets
71,356
31,322
Total assets less current liabilities
73,756
34,322
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
73,200
33,652
Shareholders' funds
73,300
33,752
For the year ending 31 August 2022 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 26 September 2022 and were signed on its behalf by
C.R.Bradley
Director
Company Registration No. 03381742
Quadrotech Limited
Notes to the Accounts
for the year ended 31 August 2022
Quadrotech Limited is a private company, limited by shares, registered in England and Wales, registration number 03381742. The registered office is The Reading Rooms, Burnleys Buildings, Flockton, West Yorkshire, WF4 4DL, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants are accounted for under the performance model, are credited to the profit and loss account when the grant proceeds are received and are presented within other operating income.
The company was in receipt of a Local Authority Coronavirus Additional Restrictions Grant.
Quadrotech Limited
Notes to the Accounts
for the year ended 31 August 2022
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 1 September 2021
15,489
At 1 September 2021
12,489
5
Debtors: amounts falling due within one year
2022
2021
Accrued income and prepayments
345
340
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
15,828
426
Loans from directors
4,629
-
7
Share capital
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
6,818
-
6,818
-
Overdrawn Directors Loan Account as at 31st August 2021. Repaid within 9 months and 1 day following the end of the Accounting Period.
Quadrotech Limited
Notes to the Accounts
for the year ended 31 August 2022
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).