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REGISTERED NUMBER: 08913687 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2022

for

Q W Construction Ltd

Q W Construction Ltd (Registered number: 08913687)






Contents of the Financial Statements
for the Year Ended 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Q W Construction Ltd

Company Information
for the Year Ended 28 February 2022







DIRECTORS: Mrs S Williams
Q M P Williams





SECRETARY: Mrs S Williams





REGISTERED OFFICE: Felin Builders Yard
Abererch
Pwllheli
Gwynedd
LL53 6AZ





REGISTERED NUMBER: 08913687 (England and Wales)





ACCOUNTANTS: Gwyn Thomas and Co Limited
1 Thomas Buildings
New Street
Pwllheli
Gwynedd
LL53 5HH

Q W Construction Ltd (Registered number: 08913687)

Balance Sheet
28 February 2022

28.2.22 28.2.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 216,349 121,689

CURRENT ASSETS
Stocks 10,000 60,582
Debtors 5 193,336 147,213
Cash at bank and in hand 263,374 326,649
466,710 534,444
CREDITORS
Amounts falling due within one year 6 249,877 137,216
NET CURRENT ASSETS 216,833 397,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,182

518,917

CREDITORS
Amounts falling due after more than one
year

7

(396,875

)

(454,377

)

PROVISIONS FOR LIABILITIES (23,991 ) (23,121 )
NET ASSETS 12,316 41,419

CAPITAL AND RESERVES
Called up share capital 100 1
Retained earnings 12,216 41,418
SHAREHOLDERS' FUNDS 12,316 41,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Q W Construction Ltd (Registered number: 08913687)

Balance Sheet - continued
28 February 2022


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2022 and were signed on its behalf by:





Q M P Williams - Director


Q W Construction Ltd (Registered number: 08913687)

Notes to the Financial Statements
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

Q W Construction Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Q W Construction Ltd (Registered number: 08913687)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2021 247,388
Additions 147,923
At 28 February 2022 395,311
DEPRECIATION
At 1 March 2021 125,699
Charge for year 53,263
At 28 February 2022 178,962
NET BOOK VALUE
At 28 February 2022 216,349
At 28 February 2021 121,689

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade debtors 153,648 126,073
Other debtors 39,688 21,140
193,336 147,213

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Bank loans and overdrafts 3,218 -
Hire purchase contracts 15,042 20,812
Trade creditors 163,704 23,288
Taxation and social security 44,588 81,805
Other creditors 23,325 11,311
249,877 137,216

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.22 28.2.21
£    £   
Hire purchase contracts - 4,377
Other creditors 396,875 450,000
396,875 454,377

Q W Construction Ltd (Registered number: 08913687)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2022 and 28 February 2021:

28.2.22 28.2.21
£    £   
Mrs S Williams
Balance outstanding at start of year 20,389 20,108
Amounts advanced 3,848 191,281
Amounts repaid (29,458 ) (191,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,221 ) 20,389

Q M P Williams
Balance outstanding at start of year - -
Amounts advanced 7,835 -
Amounts repaid (24,439 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (16,604 ) -