Company registration number 08741759 (England and Wales)
QUAIVES LTD
Unaudited Financial Statements
For The Year Ended 31 December 2025
Pages For Filing With Registrar
Quaives Ltd
QUAIVES LTD
Company Information
Director
Mr PH Kelsey
Company number
08741759
Registered office
Quaives Farm
Wickhambreaux
Canterbury
Kent
England
CT3 1RY
Accountants
Chavereys Limited
The Goods Shed
Jubilee Way
Faversham
Kent
England
ME13 8GD
Quaives Ltd
QUAIVES LTD
Contents
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
Quaives Ltd
QUAIVES LTD
Accountants' Report To The Director On The Preparation Of The Unaudited Statutory Financial Statements Of Quaives Ltd For The Year Ended 31 December 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Quaives Ltd for the year ended 31 December 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Quaives Ltd, as a body, in accordance with the terms of our engagement letter dated 14 February 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Quaives Ltd and state those matters that we have agreed to state to the b oard of d irectors of Quaives Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quaives Ltd and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Quaives Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Quaives Ltd. You consider that Quaives Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Quaives Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Chavereys Limited
Chartered Accountants
The Goods Shed
Jubilee Way
Faversham
Kent
ME13 8GD
England
7 July 2026
Quaives Ltd
QUAIVES LTD
Balance Sheet
As At 31 December 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
215
378
Current assets
Stocks
234,175
239,385
Debtors
4
1,971
4,441
Cash at bank and in hand
28,220
24,878
264,366
268,704
Creditors: amounts falling due within one year
5
(945,015)
(930,131)
Net current liabilities
(680,649)
(661,427)
Net liabilities
(680,434)
(661,049)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(680,435)
(661,050)
Total equity
(680,434)
(661,049)

The notes on pages 3 to 5 form part of these financial statements.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 2 July 2026
Mr PH Kelsey
Director
Company Registration No. 08741759
Quaives Ltd
QUAIVES LTD
Notes To The Financial Statements
For The Year Ended 31 December 2025
- 3 -
1
Accounting policies
Company information

Quaives Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Quaives Farm, Wickhambreaux, Canterbury, Kent, England, CT3 1RY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
25% straight line
Quaives Ltd
QUAIVES LTD
Notes To The Financial Statements (Continued)
For The Year Ended 31 December 2025
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
2
3
Tangible fixed assets
Office equipment
£
Cost
At 1 January 2025 and 31 December 2025
875
Depreciation and impairment
At 1 January 2025
497
Depreciation charged in the year
163
At 31 December 2025
660
Carrying amount
At 31 December 2025
215
At 31 December 2024
378
Quaives Ltd
QUAIVES LTD
Notes To The Financial Statements (Continued)
For The Year Ended 31 December 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,208
2,590
Prepayments and accrued income
763
1,851
1,971
4,441
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other borrowings
932,910
913,913
Trade creditors
5,363
11,029
Taxation and social security
325
777
Other creditors
-
0
135
Accruals and deferred income
6,417
4,277
945,015
930,131
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