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REGISTERED NUMBER: SC669219 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Quay Light Ltd

Quay Light Ltd (Registered number: SC669219)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quay Light Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: P A Bates
Mrs L Bates





REGISTERED OFFICE: Unit 207
5 Baird Avenue
Hillington Park
Glasgow
G52 4 FN





REGISTERED NUMBER: SC669219 (Scotland)





ACCOUNTANTS: Graham & Co. (Accountants) Limited
76 Dumbarton Road
Clydebank
Glasgow
G81 1UG

Quay Light Ltd (Registered number: SC669219)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 633,255 296,099

CURRENT ASSETS
Debtors 5 28,463 36,235
Cash at bank 36,414 2,628
64,877 38,863
CREDITORS
Amounts falling due within one year 6 99,633 55,747
NET CURRENT LIABILITIES (34,756 ) (16,884 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

598,499

279,215

CREDITORS
Amounts falling due after more than one
year

7

(155,000

)

-

PROVISIONS FOR LIABILITIES (131,485 ) (76,479 )
NET ASSETS 312,014 202,736

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 311,914 202,636
312,014 202,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

Quay Light Ltd (Registered number: SC669219)

Balance Sheet - continued
31 July 2023


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 6 October 2023 and were signed on its behalf by:





P A Bates - Director


Quay Light Ltd (Registered number: SC669219)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Quay Light Ltd is a private company, limited by shares , registered in Scotland. 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 cost and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Quay Light Ltd (Registered number: SC669219)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 331,426
Additions 410,348
Disposals (9,319 )
At 31 July 2023 732,455
DEPRECIATION
At 1 August 2022 35,327
Charge for year 67,141
Eliminated on disposal (3,268 )
At 31 July 2023 99,200
NET BOOK VALUE
At 31 July 2023 633,255
At 31 July 2022 296,099

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 11,510 21,241
Other debtors 16,953 14,994
28,463 36,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 7,001 -
Taxation and social security 3,617 22,765
Other creditors 89,015 32,982
99,633 55,747

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Other creditors 155,000 -

8. RELATED PARTY DISCLOSURES

Other creditors includes £48,011 due to the directors.