Quality Part X Limited in Stevenage, SG1 4QT

Description

Data updated on: 01-11-2023

Quality Part X started its operations in 2013 as a Private Limited Company with reg. no. 08540387. The business has been active for 11 years and it's currently active. This firm's head office is registered in Stevenage at Quality Part X. Anyone could also find this business utilizing the post code : SG1 4QT. This enterprise's principal business activity number is 45112 which means Sale of used cars and light motor vehicles. 2021-12-31 is the last time when company accounts were filed.

Right now, this particular firm is governed by just one managing director: Bassel A., who was designated to this position on 2013-05-22. The following firm had been directed by Mahdi F. up until 2 years ago.

Executives who have control over the firm are as follows: Bassel A. owns over 1/2 to 3/4 of company shares and has 1/2 or less of voting rights. Mahdi F. has 1/2 or less of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2014-05-31	2015-06-30	2016-06-30	2017-06-30	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency
Net Worth	797	12 962	855 945

Balance Sheet
Cash Bank On Hand			554 231	1 258 857	268 457	283 430	770 064	379 574	1 244 744
Current Assets	108 818	1 121 068	3 253 725	4 283 042	7 990 626	8 604 834	11 472 939	12 314 856	17 639 732
Debtors	3 200	2 985	2 984	13 100	1 105 519	1 048 380	2 300 325	2 243 282	3 547 477
Net Assets Liabilities					2 194 303	2 902 029	3 633 249	4 726 854	5 893 854
Other Debtors			-1	-1	703 999	704 000	1 954 000	1 954 000	2 673 574
Property Plant Equipment			1 375	20 929	31 193	2 348 751	2 548 450	2 901 744	3 311 834
Total Inventories			2 696 510	3 011 085	6 616 650	7 273 024	8 402 550	9 692 000
Cash Bank In Hand	12 895	54 207	554 231
Net Assets Liabilities Including Pension Asset Liability	797	12 962
Stocks Inventory	92 725	1 063 876	2 696 510
Tangible Fixed Assets	2 125	1 750	1 375

Capital & Reserves
Called Up Share Capital	1	2	500 002
Profit Loss Account Reserve	796	12 960	355 943
Shareholder Funds	797	12 962	855 945

Other Financial Data
Audit Fees Expenses								25 000	30 000
Accrued Liabilities Deferred Income			3 900	153 900	161 156	92 815	93 060	133 665	136 951
Accumulated Depreciation Impairment Property Plant Equipment			1 125	6 639	18 750	71 273	132 273	239 296	342 016
Additions Other Than Through Business Combinations Property Plant Equipment				25 068	22 375	2 370 081	260 699	460 317	512 810
Administrative Expenses							2 416 631	2 779 354	3 096 209
Average Number Employees During Period					16	15	13	16	16
Bank Borrowings Overdrafts						1 071 974	2 660 301	1 825 193	1 410 961
Cash Cash Equivalents Cash Flow Value						283 430	770 064	379 574	1 244 744
Comprehensive Income Expense				672 778	805 580	777 726	731 220	1 093 605	1 167 000
Corporation Tax Payable			121 474	168 194	396 564	517 182	683 494	178 657	473 174
Cost Sales							53 790 494	66 449 663	67 000 099
Creditors			2 399 155	2 845 248	5 827 516	1 071 974	2 660 301	1 825 193	1 410 961
Current Tax For Period							128 195	178 657	201 825
Depreciation Expense Property Plant Equipment							61 000	107 023
Depreciation Impairment Expense Property Plant Equipment							61 000	107 023	102 720
Dividends Paid				70 000	70 000	70 000
Finished Goods Goods For Resale			2 696 510	3 011 085	6 616 650	7 273 024	8 402 550	9 692 000	12 847 511
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities							-1 950 457	733 108	525 156
Further Item Tax Increase Decrease Component Adjusting Items							-49 515	20 334	19 517
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables							-219 815	-1 861 842	-4 798 605
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables							1 251 945	-57 043	1 304 195
Gain Loss In Cash Flows From Change In Inventories							1 129 526	1 289 450	3 155 511
Gross Profit Loss							2 897 774	3 734 022
Income Taxes Paid Refund Classified As Operating Activities							38 117	-683 494	92 692
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation								390 490	-865 170
Increase From Depreciation Charge For Year Property Plant Equipment				5 514	12 111	52 523	61 000	107 023	102 720
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings							63 859	86 932
Interest Paid Classified As Operating Activities								-86 932	-123 615
Interest Payable Similar Charges Finance Costs							63 859	86 932	123 615
Net Cash Flows From Used In Operating Activities							1 203 124	-1 325 226
Net Cash Generated From Operations							1 177 382	-1 573 361	-1 934 059
Net Current Assets Liabilities	-1 328	11 212	854 570	1 437 794	2 163 110	1 625 252	3 745 100	3 128 012	3 992 981
Net Interest Paid Received Classified As Operating Activities							-63 859	-86 932
Number Shares Issued Fully Paid				500 002
Operating Profit Loss							923 274	1 359 194
Other Creditors			932 460	723 707	668 707	655 356	570 356	570 356	570 356
Other Operating Income Format1							442 131	404 526	623 113
Other Taxation Social Security Payable			11 208	112 221	61 821	52 050	50 723	45 521	54 599
Par Value Share		1	1	1
Prepayments Accrued Income			2 985	2 985	41 060	52 050	53 995	33 662	119 631
Profit Loss				672 778	805 580	777 726	731 220	1 093 605	1 167 000
Profit Loss Attributable To Owners Parent									1 167 000
Profit Loss On Ordinary Activities Before Tax							859 415	1 272 262	1 368 825
Property Plant Equipment Gross Cost			2 500	27 568	49 943	2 420 024	2 680 723	3 141 040	3 653 850
Purchase Property Plant Equipment							-260 699	-460 317	-512 810
Revenue From Commissions							442 131	404 526	623 113
Social Security Costs			5 995
Staff Costs Employee Benefits Expense			122 345	143 405
Tax Expense Credit Applicable Tax Rate							163 289	241 730	260 077
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss							2 831	4 053	4 123
Tax Tax Credit On Profit Or Loss On Ordinary Activities							128 195	178 657	201 825
Total Assets Less Current Liabilities	797	12 962	855 945	1 458 723	2 194 303	3 974 003	6 293 550	6 029 756	7 304 815
Trade Creditors Trade Payables			1 330 113	1 687 226	4 539 268	5 601 153	5 907 050	7 733 489	11 997 439
Trade Debtors Trade Receivables				10 116	360 460	292 330	292 330	255 620	754 272
Turnover Revenue							56 688 268	70 183 685
Wages Salaries			116 350	143 405			459 845	627 646	638 416
Director Remuneration						42 195	42 196	42 196	72 192
Creditors Due Within One Year	110 148	1 109 856	2 399 155
Number Shares Allotted	1	2	500 002
Fixed Assets	2 125	1 750
Share Capital Allotted Called Up Paid	1	2	500 002
Tangible Fixed Assets Additions	2 500
Tangible Fixed Assets Cost Or Valuation	2 500	2 500
Tangible Fixed Assets Depreciation	375	750
Tangible Fixed Assets Depreciation Charged In Period	375	375

Company staff

Bassel A.

Role: Director

Appointed: 22 May 2013

Latest update: 10 December 2023

People with significant control

Bassel A.

Notified on 6 April 2016

Nature of control:

over 1/2 to 3/4 of shares

1/2 or less of voting rights

Mahdi F.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

Accounts Documents

Account next due date	27 December 2023
Account last made up date	31 December 2021
Confirmation statement next due date	15 October 2023
Confirmation statement last made up date	01 October 2022

Annual Accounts 3 February 2015
Start Date For Period Covered By Report	2013-05-22
End Date For Period Covered By Report	2014-05-31
Date Approval Accounts	3 February 2015
Annual Accounts 31 March 2016
Start Date For Period Covered By Report	2014-06-01
End Date For Period Covered By Report	2015-06-30
Date Approval Accounts	31 March 2016
Annual Accounts 15 March 2017
Start Date For Period Covered By Report	2015-07-01
End Date For Period Covered By Report	2016-06-30
Date Approval Accounts	15 March 2017
Annual Accounts
Start Date For Period Covered By Report	2016-07-01
End Date For Period Covered By Report	2017-06-30
Annual Accounts
Start Date For Period Covered By Report	2017-07-01
End Date For Period Covered By Report	2018-12-31
Annual Accounts
Start Date For Period Covered By Report	2019-01-01
End Date For Period Covered By Report	2019-12-31
Annual Accounts
Start Date For Period Covered By Report	2020-01-01
End Date For Period Covered By Report	2020-12-31
Annual Accounts
Start Date For Period Covered By Report	2021-01-01
End Date For Period Covered By Report	2021-12-31
Annual Accounts
Start Date For Period Covered By Report	2022-01-01
End Date For Period Covered By Report	2022-12-31

Quality Part X Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Bassel A.

Mahdi F.

People with significant control

Bassel A.

Mahdi F.

Accounts Documents

Company filings

Filing category

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