2022-09-01 07004792 2023-08-31 07004792 2022-09-01 2023-08-31 07004792 2022-08-31 07004792 2021-09-01 2022-08-31 07004792 uk-core:WithinOneYear 2022-08-31 07004792 uk-core:WithinOneYear 2023-08-31 07004792 uk-core:ShareCapital 2023-08-31 07004792 uk-core:ShareCapital 2022-08-31 07004792 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 07004792 uk-core:RetainedEarningsAccumulatedLosses 2022-08-31 07004792 uk-bus:Director1 2022-09-01 2023-08-31 07004792 uk-core:OtherVehicles 2022-09-01 2023-08-31 07004792 uk-core:FurnitureFittings 2022-09-01 2023-08-31 07004792 uk-core:FurnitureFittings 2022-08-31 07004792 uk-core:OtherVehicles 2022-08-31 07004792 uk-core:OtherVehicles 2023-08-31 07004792 uk-core:FurnitureFittings 2023-08-31 iso4217:GBP xbrli:pure 07004792 uk-bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 07004792 uk-bus:FRS102 2022-09-01 2023-08-31 07004792 uk-bus:FullAccounts 2022-09-01 2023-08-31 07004792 uk-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
M QUIGLEY PIPEWORK LTD
Registered Number:07004792
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
07004792
As at 31 August 2023
M QUIGLEY PIPEWORK LTD
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
16,574
22,099
2
3
131,275
131,275
Investment property
147,849
153,374
Current assets
Trade and other receivables
107,472
132,306
4
458,114
Cash and cash equivalents
559,836
692,142
565,586
Trade and other payables: amounts falling due within one
year
(56,542)
(78,862)
5
509,044
613,280
Net current assets
Total assets less current liabilities
761,129
662,418
(3,149)
(4,199)
Provisions for liabilities
757,980
Net assets
658,219
Capital and reserves
Called up share capital
1
1
Retained earnings
757,979
658,218
757,980
658,219
Shareholders' funds
For the year ended 31 August 2023 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 of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Martin Quigley Director
These financial statements were approved and authorised for issue by the Board on 16 October 2023 and were signed by:
The notes form part of these financial statements
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For the year ended 31 August 2023
M QUIGLEY PIPEWORK LTD
Notes to the Financial Statements
Statutory Information
M QUIGLEY PIPEWORK LTD is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07004792.
Registered address:
3 Church Road
Sheldon
Birmingham
B26 3UG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Vans & equipment
25% Reducing balance
25% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Total
Fixtures and
fittings
Vans &
equipment
£
£
£
Cost or
valuation
At 01 September 2022
69,209
6,490
62,719
At 31 August 2023
62,719
6,490
69,209
Provision for depreciation and impairment
At 01 September 2022
47,110
5,281
41,829
Charge for year
5,525
302
5,223
At 31 August 2023
52,635
5,583
47,052
At 31 August 2023
Net book value
15,667
907
16,574
At 31 August 2022
20,890
1,209
22,099
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For the year ended 31 August 2023
M QUIGLEY PIPEWORK LTD
Notes to the Financial Statements Continued
3. Investment property
Total
£
Fair value
At 01 September 2022
131,275
At 31 August 2023
131,275
Net book value
At 31 August 2023
131,275
At 31 August 2022
131,275
The director has considered the fair value of the property and does not consider any adjustment is required for the current year.
4. Trade and other receivables
2022
2023
£
£
Trade debtors
86,760
93,150
Prepayments and accrued income
6,491
6,022
Taxation and social security
14,055
8,300
Other debtors
25,000
-
107,472
132,306
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
73,693
51,520
Accruals and deferred income
2,080
4,621
Directors' loan accounts
3,089
401
78,862
56,542
6. Related party transactions
The ultimate controlling party during the year was Martin Quigley , director , whom controls the company by virtue of
owning 100% of the share capital.
7. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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