1 March 2022 false No description of principal activity Taxfiler 2023.10 NI063209business:PrivateLimitedCompanyLtd2022-03-012023-02-28 NI0632092022-02-28 NI0632092022-03-012023-02-28 NI063209business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 NI063209business:FilletedAccounts2022-03-012023-02-28 NI0632092023-02-28 NI063209business:Director12022-03-012023-02-28 NI063209business:Director22022-03-012023-02-28 NI063209business:Director32022-03-012023-02-28 NI063209business:CompanySecretary12022-03-012023-02-28 NI063209business:RegisteredOffice2022-03-012023-02-28 NI0632092022-02-28 NI063209core:WithinOneYear2023-02-28 NI063209core:WithinOneYear2022-02-28 NI063209core:AfterOneYear2023-02-28 NI063209core:AfterOneYear2022-02-28 NI063209core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 NI063209core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 NI063209core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 NI063209core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 NI063209core:PreviouslyStatedAmount2023-02-28 NI063209core:PreviouslyStatedAmount2022-02-28 NI063209business:SmallEntities2022-03-012023-02-28 NI063209countries:NorthernIreland2022-03-012023-02-28 NI063209core:PlantMachinery2022-03-012023-02-28 NI063209core:MotorVehicles2022-03-012023-02-28 NI063209core:FurnitureFittings2022-03-012023-02-28 NI063209core:PlantMachinery2022-02-28 NI063209core:MotorVehicles2022-02-28 NI063209core:PlantMachinery2023-02-28 NI063209core:MotorVehicles2023-02-28 NI0632092021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. NI063209 (Northern Ireland)
Quigg Developments Ltd Unaudited accounts for the year ended 28 February 2023
Quigg Developments Ltd Unaudited accounts Contents
Page
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Quigg Developments Ltd Company Information for the year ended 28 February 2023
Directors
Declan Quigg Sean Quigg John Quigg
Secretary
Patrina Quigg
Company Number
NI063209 (Northern Ireland)
Registered Office
444 Ravenhill Road Belfast BT6 0BU
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Quigg Developments Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,255 
29,571 
Investment property
95,750 
95,750 
120,005 
125,321 
Current assets
Inventories
143,476 
143,476 
Debtors
31,085 
1,044 
Cash at bank and in hand
3,932 
14,731 
178,493 
159,251 
Creditors: amounts falling due within one year
(180,620)
(160,867)
Net current liabilities
(2,127)
(1,616)
Total assets less current liabilities
117,878 
123,705 
Creditors: amounts falling due after more than one year
(112,898)
(121,670)
Net assets
4,980 
2,035 
Capital and reserves
Called up share capital
164 
164 
Profit and loss account
4,816 
1,871 
Shareholders' funds
4,980 
2,035 
For the year ending 28 February 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by
Sean Quigg Director Company Registration No. NI063209
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Quigg Developments Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Quigg Developments Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI063209. The registered office is 444 Ravenhill Road, Belfast, BT6 0BU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
37,115 
5,850 
42,965 
At 28 February 2023
37,115 
5,850 
42,965 
Depreciation
At 1 March 2022
9,395 
3,999 
13,394 
Charge for the year
4,853 
463 
5,316 
At 28 February 2023
14,248 
4,462 
18,710 
Net book value
At 28 February 2023
22,867 
1,388 
24,255 
At 28 February 2022
27,720 
1,851 
29,571 
5
Investment property
2023 
£ 
Fair value at 1 March 2022
95,750 
At 28 February 2023
95,750 
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Quigg Developments Ltd Notes to the Accounts for the year ended 28 February 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
6,085 
1,044 
Accrued income and prepayments
25,000 
- 
31,085 
1,044 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
11,612 
2,434 
Taxes and social security
400 
- 
Loans from directors
168,608 
158,433 
180,620 
160,867 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
112,898 
121,670 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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