Company Registration No. 11002612 (England and Wales)
Quinn Ropes Ltd
Unaudited accounts
for the year ended 31 October 2019
Quinn Ropes Ltd
Unaudited accounts
Contents
Quinn Ropes Ltd
Company Information
for the year ended 31 October 2019
Directors
Mr I Quinn
Mrs K Quinn
Company Number
11002612 (England and Wales)
Registered Office
18 DENT STREET
TAMWORTH
B79 7JL
UNITED KINGDOM
Accountants
Diamond Accountancy Services Ltd
22 Chestnut Lane
Clifton Campville
Tamworth
Staffordshire
B79 0BN
Quinn Ropes Ltd
Statement of financial position
as at
31 October 2019
Tangible assets
18,575
6,413
Cash at bank and in hand
1,458
6,932
Creditors: amounts falling due within one year
(28,348)
(23,657)
Net current assets
2,023
3,181
Total assets less current liabilities
20,598
9,594
Creditors: amounts falling due after more than one year
(9,317)
-
Called up share capital
100
100
Profit and loss account
11,181
9,494
Shareholders' funds
11,281
9,594
For the year ending 31 October 2019 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 directors acknowledge their 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 of Directors and authorised for issue on 11 June 2020 and were signed on its behalf by
Mr I Quinn
Director
Company Registration No. 11002612
Quinn Ropes Ltd
Notes to the Accounts
for the year ended 31 October 2019
Quinn Ropes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11002612. The registered office is 18 DENT STREET, TAMWORTH, B79 7JL, UNITED KINGDOM.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line Method
Motor vehicles
25% Reducing Balance Method
Fixtures & fittings
25% Straight Line Method
Computer equipment
25% Straight Line Method
Quinn Ropes Ltd
Notes to the Accounts
for the year ended 31 October 2019
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2018
7,445
1,107
8,552
Additions
14,982
662
15,644
At 31 October 2019
21,627
1,769
23,396
At 1 November 2018
1,862
277
2,139
Charge for the year
2,440
442
2,882
On disposals
(200)
-
(200)
At 31 October 2019
4,102
719
4,821
At 31 October 2019
17,525
1,050
18,575
At 31 October 2018
5,583
830
6,413
Work in progress
5,205
1,337
Trade debtors
22,144
17,005
Accrued income and prepayments
1,564
1,564
7
Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
6,086
-
Trade creditors
10,445
4,020
Taxes and social security
11,782
7,266
Other creditors
35
11,171
8
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
9,317
-
9
Average number of employees
During the year the average number of employees was 1 (2018: 1).