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REGISTERED NUMBER: 08451831 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Quintessential Quarters (Stafford)
Limited

Quintessential Quarters (Stafford)
Limited (Registered number: 08451831)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quintessential Quarters (Stafford)
Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mrs J Montegrino





REGISTERED OFFICE: Gorsey Lane Cottage
Lower Hatton
Cotes Heath
Stafford
ST21 6SH





REGISTERED NUMBER: 08451831 (England and Wales)






Quintessential Quarters (Stafford)
Limited (Registered number: 08451831)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 55,207 62,248
55,207 62,248

CURRENT ASSETS
Stocks 100 100
Cash at bank and in hand 32,795 22,358
32,895 22,458
CREDITORS
Amounts falling due within one year 6 48,553 37,556
NET CURRENT LIABILITIES (15,658 ) (15,098 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,549

47,150

CREDITORS
Amounts falling due after more than
one year

7

(26,931

)

(31,026

)

PROVISIONS FOR LIABILITIES 9 (10,489 ) (9,551 )
NET ASSETS 2,129 6,573

Quintessential Quarters (Stafford)
Limited (Registered number: 08451831)

Balance Sheet - continued
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 2,128 6,572
SHAREHOLDERS' FUNDS 2,129 6,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 15 August 2023 and were signed by:





Mrs J Montegrino - Director


Quintessential Quarters (Stafford)
Limited (Registered number: 08451831)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Quintessential Quarters (Stafford) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, was amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Plant and machinery - 10% on cost
Fixtures and fittings - 5% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.


Quintessential Quarters (Stafford)
Limited (Registered number: 08451831)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 28,500
AMORTISATION
At 1 May 2022
and 30 April 2023 28,500
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

Quintessential Quarters (Stafford)
Limited (Registered number: 08451831)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2022
and 30 April 2023 16,314 27,877 56,000 34,705 134,896
DEPRECIATION
At 1 May 2022 4,894 19,035 20,706 28,013 72,648
Charge for year 815 2,788 1,765 1,673 7,041
At 30 April 2023 5,709 21,823 22,471 29,686 79,689
NET BOOK VALUE
At 30 April 2023 10,605 6,054 33,529 5,019 55,207
At 30 April 2022 11,420 8,842 35,294 6,692 62,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 3,570 3,570
Trade creditors 7,976 7,975
Taxation and social security 23,000 11,845
Other creditors 14,007 14,166
48,553 37,556

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 24,990 28,560
Other creditors 1,941 2,466
26,931 31,026

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,710 14,280

Quintessential Quarters (Stafford)
Limited (Registered number: 08451831)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans 28,560 32,130

9. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax 10,489 9,551

Deferred
tax
£   
Balance at 1 May 2022 9,551
Provided during year 938
Balance at 30 April 2023 10,489

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
1 Ordinary £1 1 1