Hi Darren
Many thanks for taking the time to do this for me, I really appreciate it. It makes sense but I have a couple of questions if that’s ok?
One thing to note is that I realised after looking into it that I did not get the goods built within the first years accounting period so I don’t actually have to account for the finished goods in this years accounts, but I will next year so I will proceed and do as you suggest in preparation for next years accounts.
I have created the entry for the integrated circuits as we discussed as shown below
It’s not quite £7500 as I remembered, it was £7150.35, but nevertheless. Can I just modify this entries code to be Stock (1001) rather than General Purchases (5000) or do I definitely need to go down the Journal route?
For your second question when I had the finished good manufactured I had to free issue a subset of the components to the manufacturer - those which I had already procured. I didn’t know how to do this at the time so I attempted to record it by making a sale with the value of the components that I had bought and the required quantity for the 100 units I was having built and discounted it down to zero or £0.01 as quickfile wouldn’t let me make it zero. I guess this is a good indication that I was doing something stupid but it was really only for recording how many I sent. This is the entry:
This included a few connectors, PCB and the TUNER IC we are discussing. Note that these come in environmentally sensitive packaging so 240 was the number sent to the manufacturer but they still have 140 on the shelf so I still have 1460 in stock
The entry for getting the units manufactured was recorded as a sub-contractor entry as I figured that was what it was
So how badly have I messed up? 
Again, thank you for your help and a Happy New Year.
Regards
Robert