Company registration number 02602678 (England and Wales)
QUAYLINE REPROGRAPHICS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
QUAYLINE REPROGRAPHICS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
QUAYLINE REPROGRAPHICS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Debtors
4
36,928
36,928
Creditors: amounts falling due within one year
5
(130,986)
(130,986)
Net current liabilities
(94,058)
(94,058)
Creditors: amounts falling due after more than one year
6
(161,255)
(161,255)
Net liabilities
(255,313)
(255,313)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(255,315)
(255,315)
Total equity
(255,313)
(255,313)
QUAYLINE REPROGRAPHICS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2022
31 December 2022
- 2 -

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 2022 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.

The 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 29 September 2023
Mr D P Manser
Director
Company Registration No. 02602678
QUAYLINE REPROGRAPHICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 3 -
1
Accounting policies
Company information

Quayline Reprographics Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit F, Eagle Close, Chandler's Ford, Eastleigh, Hampshire, SO53 4NF.

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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.3
Financial instruments

The company only enters into Basic financial instrument transactions.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

QUAYLINE REPROGRAPHICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 4 -
1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.5
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

 

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

QUAYLINE REPROGRAPHICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 5 -
3
Employees

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

2022
2021
Number
Number
Total
1
4
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
36,928
36,928
5
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
27,153
27,153
Corporation tax
6,596
6,596
Other taxation and social security
52,237
52,237
Other creditors
45,000
45,000
130,986
130,986
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Other creditors
161,255
161,255
7
Directors' transactions

Mr D Manser

 

At the year end, included in Debtors due within one year is an amount owed by the Director Mr D Manser of £36,928 :

2022-12-312022-01-01false29 September 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr D P Manser026026782022-01-012022-12-31026026782022-12-31026026782021-12-3102602678core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3102602678core:CurrentFinancialInstrumentscore:WithinOneYear2021-12-3102602678core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3102602678core:Non-currentFinancialInstrumentscore:AfterOneYear2021-12-3102602678core:CurrentFinancialInstruments2022-12-3102602678core:CurrentFinancialInstruments2021-12-3102602678core:ShareCapital2022-12-3102602678core:ShareCapital2021-12-3102602678core:RetainedEarningsAccumulatedLosses2022-12-3102602678core:RetainedEarningsAccumulatedLosses2021-12-3102602678bus:Director12022-01-012022-12-31026026782020-11-012021-12-3102602678core:WithinOneYear2022-12-3102602678core:WithinOneYear2021-12-3102602678core:Non-currentFinancialInstruments2022-12-3102602678core:Non-currentFinancialInstruments2021-12-3102602678bus:PrivateLimitedCompanyLtd2022-01-012022-12-3102602678bus:SmallCompaniesRegimeForAccounts2022-01-012022-12-3102602678bus:FRS1022022-01-012022-12-3102602678bus:AuditExemptWithAccountantsReport2022-01-012022-12-3102602678bus:FullAccounts2022-01-012022-12-31xbrli:purexbrli:sharesiso4217:GBP