Registered number
09137283
QUORUM CONSTRUCTION UK LIMITED
Filleted Accounts
31 July 2023
QUORUM CONSTRUCTION UK LIMITED
Registered number: 09137283
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 13,494 5,523
Current assets
Debtors 4 13,333 29,448
Cash at bank and in hand 42,800 93,710
122,307 123,158
Creditors: amounts falling due within one year 5 (102,442) (84,115)
Net current assets 19,865 39,043
Total assets less current liabilities 33,359 44,566
Creditors: amounts falling due after more than one year 6 (23,077) (31,393)
Provisions for liabilities (2,563) (1,049)
Net assets 7,719 12,124
Capital and reserves
Called up share capital 100 100
Profit and loss account 7,619 12,024
Shareholders' funds 7,719 12,124
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Piotr Badowicz
Director
Approved by the board on 30 October 2023
QUORUM CONSTRUCTION UK LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 August 2022 13,955
Additions 15,798
Disposals (13,955)
At 31 July 2023 15,798
Depreciation
At 1 August 2022 8,432
Charge for the year 2,304
On disposals (8,432)
At 31 July 2023 2,304
Net book value
At 31 July 2023 13,494
At 31 July 2022 5,523
4 Debtors 2023 2022
£ £
Trade debtors 13,333 29,448
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,567 9,567
Trade creditors 16,511 41,395
Taxation and social security costs 75,772 43,224
Other creditors - director's loan 592 (10,071)
102,442 84,115
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 23,077 31,393
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr Piotr Badowicz
Short term loan - 70,000 (59,900) 10,100
- 70,000 (59,900) 10,100
8 Other information
QUORUM CONSTRUCTION UK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
20 Wildermere Road
London
SW16 5HG
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